Get started

Solanalong

Solana all time high, overbought state Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Solana reached an all-time high at 103.062 breaking all of the old resistance lines, Why is this coin doing so well for itself? and what could be behind this movement? The main reason why Solana is doing so well is that Solana has the highest per-second transaction among blockchains and the lowest transaction fees, people are realizing that by using Solana they will be saving a lot of money from transactions alone. Solana is the fastest blockchain in the world and the fastest-growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3, and more. Now let's look at the technical analysis and price action for this coin : Scenario 1 : The coin price is trading at 97.437 right now almost hitting the first resistance line at 97.710, The bulls are gaining more power by each day as the market brings more cash flow and knowing that could push the price above the resistance zone from 97.710 - 101.220 which will lead into a breakout of that zone and a further push will happen leading the price to go near the 107.454 level. Scenario 2 : The market has been in the overbought state for the last 2 weeks and an RSI divergence has been found which could lead to a reversal in the market, and it will start when the Bears will push the price to the first support line at 90.750 where the main battle will happen between the Bears and Bulls and the market will move according to the winner if the Bulls were to win then we will see the price push back up to the 97.710 level again, And if the Bears wins then we could expect a second drop that's going to be headed near the second support at 87.300 or even the third support at 75.924. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Bullish sign) 2) The RSI has been trading in the overbought zone since Aug 14, And a divergence has been found between the market and the indicator which could lead to a reversal in the trend. 3) The ADX is at 87.42 showing that the market is super trending right now, with a positive crossover between DI+ and DI-. Support & Resistance points : support Resistance 1) 90.750 1) 97.710 2) 87.300 2) 101.220 3) 75.924 3) 107.454 Fundamental point of view : On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New York firm hinted at giving institutional exposure to SOL markets as the token's value surged by more than 4,300% in 2021. A day later, real-time data feeder Pyth Network announced that it is going live on Solana's proof-of-stake blockchain. The firm provides "high-fidelity streaming data" from trading firms and exchanges, which allows it to cover global market activity without depending on any single data source. Pyth will use Solana's cross-chain communication protocol "Wormhole" to broadcast market data with decentralized applications functioning atop Ethereum, Binance Smart Chain, and Terra blockchains. According to Cointelegraph This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
BINANCE:SOLUSD
by GabiDahduh
4
🙀 SOLANA- first FOMO, now 55 or 49? 😱Solana has been the ALtcoin to discuss in the last few days and this is my second post on an asset that I do not hold or used to trade. The first time I proposed a Sell on the asset I had 3 targets in mind and I ended up hitiing the first one before the market reversed upwards and Solana ended up having new all time highs now. Nomatter what research I have done the past 48 hours I can not understand or justify why Solana is that expensive, with a marketcap of 23 Billion! I see no particular adavantage on Solana vs Ethereum or Cardano, or even Polkadot not to mention there are another 6-7 similar 'technologies'competing for the same piece of the pie. Is Solana going to be a firework or am i completely wrong? Let me know but even if you don't, the market will reply to me and to you very soon. ----CHANGING MARKET CONDITIONS: Some of you ask me why all of the sudden I post BUY and then SELL posts. Long and then Short. Well, we need to understand changing market conditions and repetitive patterns. The way the market is NOW with no clear direction (market conditions have changed vs 2 or 3 weeks ago that we were only posting LONG ideas) and you all ought to look at set ups for both directions! One of the real skills for a systematic rader is to understand when he/she needs to change a trading system or it's parameters, adapting it - or even abandon it all together. So, with these said, if you find yourself confused and unable tom trade well these days , then please try HEDGING. One Love, the FXPROFESSOR
FTX:SOLUSDShort
by FX_Professor
9
SOL/USDT - Potential Entry Into the Long DealHello, traders! SOL continues the business cycle that began in early 2021. At the moment, the price is near the bottom of the main trading range of $25.70 to $47.75 and is testing the uptrend. Though SOL looks stronger than many altcoins, the price's retreat under the MA100 on the daily timeframe shows local weakness. Therefore, you can look for buying in the range of $20.20 to $25.70 during the correction. It is also possible to place an insurance order to buy in the range of $11.80-$16.50 in case of sharp sales. The targets for such purchases will be the price levels of $37,30 $47,75 $56,15 In order to reduce the risks, it is necessary to break down your entry into the position into several parts. You can also use a long stop loss if you reduce the amount of working money volume in the current trade. P.S. This is an educational analysis that shall not be considered financial advice
FTX:SOLUSDLong
by UnknownUnicorn10064030
Solana Next TrainAfter this china fud dip auto-repeat, it's time to go shopping. no danger no glory like they said. Solana ecosystem is a monster. ----------------------------------------------------------------------------- Trading Parts : ----------------------------------------------------------------------------- - Buy Zone : 29-30$ (not all in!) - Rebuy Zone : 25.15$ - TP1 : 36.5$ ( Security TP) - TP2 : 49.5$ - No Stop loss for SOL, won't dip much, stack SOL better. ----------------------------------------------------------------------------- Happy Tr4Ding !
FTX:SOLUSDLong
by thecryer
3
Solana not care about Elon FUDsQuick update on SOL. When everything is dipping and SOL is Pumping it means only 1 Thing. When BTC will pump back SOL will M00n. BTC have a small Market Dominance Right now so every BTC pumps will be more bargains on alts. ------------------------------------------------------------------- Trading Parts : - Buy Zone now 50$ - Rebuy Zone 45$ (Strong Buy there) - TP : 68$ ------------------------------------------------------------------ Happy Tr4Ding!
FTX:SOLUSDLong
by thecryer
2
Price projection for next daily SOL/USDT scenariosTechnical analysis regarding the price of SOLANA in relation of dollar Tether for the next scenarios, based on daily movement. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
3
Solana RoadsSolana is a great ecosystem project that can be compared to Polkadot, but for now it's faster to send SOL and it have less supplies, this timeline analyse is very preservative, TA have to be combined sometimes with FA to adapt trends. i know this graph could be a bit complicated for some peoples but it's just a fibo channel + fibo Timeline, combined with impulsive wave pattern, everything is mostly in the graph. This analyse is for medium term and like i said the Timeline could be fucked if SOL enter raging mode, but we all know how fast can be CryptoWorld! Target 1 : 15$ Target 2 : 25$ Target 3 : 35$ Keep an eye on BTC, Stay S4fe and invest wisely! Happy Tr4Ding !
FTX:SOLUSDLong
by thecryer
14
Solana is very fasti mostly analyse some DEFI coins right and i have my reason, for me DEFI is parts of the future of the cryptospace just because most of projects use governance, so peoples can make hear their voice and can vote, decentralisation, Stacking, swaping and much more good ideas, not like 2017 projects where peoples just follow the team and wait for results, well it's not meaning older projects are bad, some will success for sure. so what is Solana : Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps accross the network, improving overall network efficiency. So if u want to compare with Ethereum, ETH is like 30 Transactions per second and Solana SOL is 50,000 Transactions per second. until we get ETH 2.0, which is said to be able to handle 100,000 transactions per second... but we believe what we see and Solana already here. Who are first investors in Solana Project ? Sam Bankman-Fried from FTX Exchange wich is belong also to Binance, so understand that you are in a big project like Polkadot or Cosmos. for now here my analyse : Buy now or wait a bit to try to get a dip. Buy zone 1 : 2.8$ Buy zone 2 : 2.3$ TP : 6.9$ Happy Tr4Ding !
FTX:SOLPERPLong
by thecryer
7
SOL/BTC Bullish cross There is a bullish cross in 20 days moving average and 50 days moving average. In addition to its fundamental strength, its technical chart and overall market condition are available for Solana to start its big move. Current price =0.000106 Fib 1.0 =0.000423 Fib 1.618 =0.000656 Fib 2.618 = 0.001030 Tips for new traders : -Always take profit on the way up , price will definitely not increase forever. -Don’t be too greedy when price moves up or don’t panic when it decreases. Relax and control your psychology. -Make plans for every possibilities, it is not 100% accurate that what we think will happen. -Don’t try to catch up the exact deep or exact peak. -Don’t buy everything you found in the market. -Don’t listen everybody who claims to be a trader or financial advisor. (Mostly avoid who is 100% sure about what they believe). -Remember, market cycle works with human psychology and everybody’s psychologies are similar.
Long
by CanerBly