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Solanasignals

Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected. However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support. The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high. In my opinion, 300 is a reasonable target for Solana.
COINBASE:SOLUSDLong
by Mihai_Iacob
SOLUSD Not the time to buy yet.Watch the 1WRSI. Is 4k realistic?Solana (SOLUSD) has been on a correction mode since the March 2024 High, in an attempt to technically harmonize the massive rally of 2023. The 1W RSI Double Topped in the same month and this is where all the essence of the current price action is. The 1W RSI peaked on the exact same level (86.00) back on the week of August 24 2020. It didn't find a bottom before entering into bearish territory again around 41.50. That correctional Channel was more aggressive than the current, so this time we may only seek confirmation from the 1W MA50 (blue trend-line), which has been supporting ever since the late September 2023 bullish break-out. In any case, we believe that the RSI's Bull Cycle Buy Zone, will again give the most optimal buy entry, so we haven't bottomed yet. In any case, we are well within the Mayer Multiple Bands, in fact March's rejection came on its 2 SD above, at the bottom of the Red Wave. During the previous Cycle, Solana rose by 51250% from the time is started to form the current long-term Fibonacci Channel Up. If we measure the same % growth from the recent Bear Cycle bottom, then we are looking at a peak a little above $4000. Odd as it may look, keep in mind that Solana has already rose by +2500% up to March's High and if it indeed reaches 4k this Cycle, the rise will be less (+1900%) from March's High than it was from December 2022 to March 2024. Unrealistic or not, it is up to your mind and capital to judge that but it is a fact that the market is only now entering the most aggressive phase of it Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSD
by TradingShot
4
SOLUSDT TM : 1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
SOLUSDT:🟢Buy opportunity🟢By examining the Solana 2-hour chart we can figure out, this coin has the potential to rise. As you can see, the price collected the liquidity below the old low and had a bullish reaction and respect to the bullish PD Arrays. So, now we can expect the price respect to the FVG and go for buy-side liquidity. What you should know: Solana is a blockchain platform that uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
Long
by VahidTradingCR
13
SOLANA Will it hit $155 or $310 first?Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started. That Channel Up also formed a Triangle half-way through and when the price broke to the upside, it peaked on its 1.5 Fibonacci extension. As a result, we will buy in case a similar bullish break-out takes place and target $310. If the Triangle breaks to the downside first though, we will short and target the 1D MA50 at $155. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSD
by TradingShot
5
SOLUSD You were warned about it. 1st ever 1W Golden Cross formedSolana (SOLUSD) broke above its former Channel Up as we explained on our last bullish call (December 08 2023, see chart below) and hit last week our 144.000 Target: Right now it is best to take a step back and view SOL's price action on the 1W time-frame, where the clear long-term trend is revealed, and that's bullish within a Channel Up pattern. The Fibonacci Channel levels reveal that it is still in its early stages within the 0.236 - 0.382 Fibonacci range. On top of that, it just formed its first ever 1W Golden Cross! This is an incredibly bullish pattern and we expect the whole bull run to peak at atleast +5150% from the market bottom just as the November 2021 Top did. As a result, our Target is $4000. Note that every pull-back inside the 1W CCI green zone, is a long-term buy opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
23
Solana Weekly Analysis Solana appears to be in a favorable position, showing a clear and rational price movement without signs of being overly pumped or in a bubble. It has retraced from previous areas and we've observed price reactions in the short-term highs, likely due to buyers starting to take profits who buys around the $20 mark. Additionally, the price retraced to $100, which seems to align with algorithmic pricing and presents a good opportunity for buyers looking to accumulate and participate in this price run. Looking ahead, the next target for Solana seems to be reaching intermediate highs and potentially surpassing its all-time high, reaching around $270. For those considering buying Solana, it might be wise to wait for a favorable entry point in the sweet spot area between $80 and $60. Then, one can consider selling at the all-time high to secure profits.
COINBASE:SOLUSDLong
by Deotrade1
#SOL #SOLANA Technical Analysis & Trade IdeaSOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress. Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup through a daily timeframe #SOL price swing that aligns with the Fibonacci level. Place a stop-loss order below the previous swing low, adhering to a minimum risk-reward ratio of 1:2. Disclaimer: This analysis serves as an informational resource and does not constitute financial advice. Conduct your own diligent research and thorough risk assessment before executing any trades.
Long
by fxtraderanthony
1
🚧Solana(SOL) can Drop ➖15%🚧🏃‍♂️Solana is moving near the Support line right now. 🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame . 🌊The structure of correction waves is Triple Three Correction(WXYXZ) . 🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
31
SOL SOLANA Trade IdeaSOLANA has experienced recent downward pressure but is presently trading within a crucial support zone, as illustrated on the chart. In the event that the Dollar Index (DXY) sustains and strengthens its position, SOLANA might potentially move towards additional downside targets, given the typical inverse correlation between DXY and SOL. It is important to underscore that this analysis is offered solely for educational purposes and should not be interpreted as financial advice.
Short
by fxtraderanthony
8
Solana above 100. Still worth to buy?The recent evolution of KUCOIN:SOLUSDT over the past two months has been remarkable, experiencing a staggering 600% surge from its lows in October, and a 400% rise following the breach of the 30 technical level and confirmation of a bullish trend. Amidst the heightened enthusiasm of the past week, a crucial question arises: Is Sol still a viable buy at these levels? In my perspective, the answer is a resounding NO. While the technical analysis indicates a robust bullish trend, a closer examination of the chart reveals that the price is hovering dangerously close to an exceptionally strong resistance zone ranging from 130 to 140. Considering the recent surge of approximately 80% in just the last week, it becomes evident that a substantial correction is imminent. Taking a more extended view, I would recommend considering buying opportunities during price dips/corrections within the 70-80 zone. For those with a short-term and speculative approach, selling above the 130 mark presents an attractive risk-to-reward ratio. This is the potential trade I am actively considering if the specified price level is reached within the next 1-2 weeks.
by Mihai_Iacob
4
SOL → Solana At Resistance! Will We Reverse? Or Pulling Back?Solana is at a key resistance level from what used to be Support in March of 2022. This resulted in a hard selloff throughout the crypto market, leaving us wondering what comes next. Are we pulling back then continuing? Or are we heading back down to the $32 area? How do we trade this? 🤔 More price action is required to justify a market entry. Here's what we do have; a bull run with what appears to be the final leg up ending at a resistance level, an RSI over 70.00, and a massive bear signal to follow. These are the signs that the trend is about to change into a trading range then either a reversal or continuation. We need another failed attempt to break resistance to justify playing a reversal and we also need another show of support at the 30EMA or Support Zone to long. Until then, it's reasonable to stay on the sidelines until more price action plays out. 🔑 Key Takeaways 🔑 1. At Resistance Zone after 3 Pushes Up. Pullback Likely. 2. Aggressive Selloff at Resistance, Need More Price Action. 3. RSI Over 70.00, Supports Pullback or Reversal. 4. Look for support at bottom of Resistance Zone or 30EMA. 5. Wait to Enter Market, Need Clarity on the Next Moves. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
by TraderEngineering
SOLANA Close to breaking above the 1-year Channel Up.Solana (SOLUSD) made a bulls eye on our $65.00 July 27 target (see chart below) and is now attempting a critical break-out: More specifically is it the second time it makes a marginal breach at the top (Higher Highs trend-line) of the 1-year Channel Up. The 1D MA50 (blue trend-line) has been in absolute Support during October - November's parabolic run. Technically if SOL does close the candle above the Channel Up, it opens the way for a 144.00 Resistance 1 (April 02 2022 High) test, as long as the 1D MA100 (green trend-line) supports. However it has to pointed out that this is the first time on a Channel Up top that the 1D RSI's Lower Highs are flashing a Bearish Divergence. DUring the other two tops, it was alighed with the Lower Highs of the price. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
2
Solana Getting Ready for a Dump? Here's How to Trade This!Solana pulled back to the bull channel support after ripping to $68.00. We're seeing some strong bull channel support at $51.00, but is it enough to continue the trend? There are a few ways we can look at this chart, let's explore. How do we trade this? Entering a trade at this level is weak. Bull channel support and the previous resistance levels are very close to the current price and we don't have a strong signal either way. It's reasonable to be biased toward a long since we're in a bull channel, but we have not seen a strong confirmation bar. Bitcoin, as a leading indicator, is also failing to break Weekly resistance and is signaling a pullback, which may impact Solana's ability to go up. RSI is also around 60 and while not a strong indicator, gives us *some* bias toward the downside. We need a sell signal at resistance, or a strong buy signal on bull channel support with follow-through before entering a trade. A reasonable stop loss for a long is below the bull channel support or below the 30EMA and above the previous resistance if we're shorting. The bottom line, we need a little more price action before rushing into a trade. Key Points 1. Bull Channel, Look for Long Entry. 2. Near Previous Resistance. 3. Wait for a sell signal at Bull Channel Resistance. 4. Wait for a breakout of Previous Resistance. 5. RSI is near 60, Bias toward the downside. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
by TraderEngineering
SOLANA is staging a hyper rally and few are noticing this!Solana (SOLUSD) has made an important bullish break-out sequence this month as not only did it break above the ATH Lower Highs trend-line (essentially the Resistance of the Bear Cycle) on the week of July 03, but also broke above the 1W MA50 (blue trend-line) the following week for the first time since April 04 2022. That was a Double Break-out sequence, which will be capitalized if the 1W MA50 holds this week as a Support upon the first test. So far that seems to be the case. If successful then SOL is staging a new hyper rally that will lead it into the new Bull Cycle. We are buying, expecting the first stop to be the 1W MA100 (green trend-line) at 65.000. This is almost as high as the 0.618 Fibonacci retracement level, a standard intermediate technical Resistance during market recoveries. We want to illustrate two key factors here. First the 1W RSI has completed an Inverse Head and Shoulders pattern, which is a technical bullish reversal formation seen on market bottoms. Second, there is a Higher Lows trend-line that is holding since May 2020, which has made direct contact (Higher Lows) and supported on December 26 2022 and June 05 2023. This may have gone unnoticed by the majority, but seems to be the driving force behind SOL's Cycles and can be the Support that will lead it higher again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SOLUSDLong
by TradingShot
4