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Solanasignals

#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
Solana LONG | Does this make sense to you?BINANCE:SOLUSDT Hello all, I hope you're doing well. :) OVERALL METHOD EXPLAINED: In this 4H Solana/USDT Chart, I went trough the overall trend (bullish up until some point in the chart), used the Fibonnaci retracement tool (usually I use the "Golden Area" as of guidance ,from my point of view it doesn't have to be very difficult), identified key areas of support and resistance, and drawed out some waves to help understand any possible direction reversal. A LITTLE MORE IN DEPTH: Price has been trading sideways overall since a while ago, not really forming a decisive direction. Therefore at this point, and after dropping so low, it was able to sustain itself for a bit around the 17 range. After (most recently) going on up until the 21 range and maintaining the price there, with all the analysis and specially regarding the waves and the fact that it is sustaining in the 21 range, the fibonnacci helps see the TP at 34.91 and SL at 15.46 , forming a RR of 2 , which I see as safe, since upon continuation of this possible reversal there's always the possibility of moving the SL to breakeven or etc. (according to each ones methods). What is your point of view? Will the price do as I mentioned, or similar? Let me know, and give me a boost if this makes sense to you! Have a great day y'all.
Long
by harfi7520
1
SOLUSD +200% new year rally facing the most important ResistanceSolana (SOLUSD) has been on a tremendous +200% rally since the December 29 market bottom. The 1D RSI has turned extremely overbought, dwarfing the previous 80.000 of April 01 2022. That was a Lower High on the Channel Down pattern that has been in effect since the November 08 2021 market top, practically dictating the trend of this Bear Cycle. The price now hit the top (Lower Highs) of this Channel with the 1D MA200 (orange trend-line) right above it. This is the most important Resistance for SOL as it is where it failed on November 05 2022 and April 02 2022 (been unbroken since January 20 2022, so almost 1 year). A 1D candle closing above it would basically be the strongest buy signal into the new Bull Cycle, targeting the 1W MA50 (red trend-line) on the short-term. On the long-term, after a pull-back to the 1D MA50, and when it closes above the 48.90 Resistance (which had 4 rejections within May - August), we can target 144.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:SOLUSD
by TradingShot
4
SOLUSD Oversold RSI means nothing. Needs this in order to rally.Solana (SOLUSD) has recovered a considerable amount of yesterday's losses. Rebounding after the 1D RSI broke below the 30.000 oversold barrier, this alone isn't enough to sustain a rally. During the previous 2 times the RSI rebounded above the 30.000 oversold level failed to sustain the uptrend as the price got rejected on the 0.382 Fibonacci retracement level. As a result, we ideally want to see a break above the 0.5 Fib level (22.00) before buying into the rally. The obvious short-term target is the 1D MA50 (blue trend-line). A break above the 1D MA200 (orange trend-line), which is unbroken since January 20, can make a trend shift long-term to bullish. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:SOLUSD
by TradingShot
2
SOLUSDT Strong rise to 1D MA200. Is it enough?*** *** For this particular analysis on Solana we are using the SOLUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where SOL has been having the best rally since June after the October 21 bottom on the Support Zone. The price is approaching the 1D MA200 (orange trend-line), which has been unbroken since January 20. If broken, that would be on its own a major bullish break-out for the long-term, however there are still another two Resistance levels to consider. First is the 48.50 Resistance (from the May 30 High) and second the Lower Highs trend-line since the November 06 market top. What stands out on this pattern really is, having turned the 1D MA50 (blue trend-line) into a Support, the 1D RSI is printing a similar sequence above its own Lower Highs trend-line as on March 23. As you see, that sequence was also a consolidation mostly below the 1D MA50 and when Solana broke above it and turned it into a Support, so did the RSI and the subsequent rally topped right below the 1D MA200 where it was rejected, also on a Resistance similar to today's 48.50 and the massive sell-off of April - June started. We have copied the bars pattern of that sequence (black line) and as you see the fractal fits almost perfectly on the price action since late August. So in our opinion it is crucial for the price to break now above the 1D MA200 for the first time since January 20, but is more important to break above the May 30 Resistance (48.50) and the Nov 2021 Lower Highs, where the previous fractal of March failed. A break above it can introduce us into the new Bull Cycle. If however the price gets rejected again at or near the 1D MA200, we should be expecting a pull-back to at least the October 21 Higher Lows trend-line (dashed line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
SOLUSDT ShortAccording to the higher timeframes (4H, 1D), the price has been forming a rising flag ever since price touched the 26.2 support zone back in June. The price is now at the lower trendline of the channel, and it has formed another rising flag within the lower timeframe (15min, 1H). I am anticipating the price will break out of the smaller timeframe channel, retest it, then break out of the larger channel retest it then maybe continue with the bearish momentum. My target is 22.0, which is a major support zone of this coin. So, for the next few days/weeks, let us monitor the price, wait for it to break out, and retest the zones so as to place our trades. Entry price @32.0, Stop Loss @37.0, Tp1 @27.0, and Tp2 @22.0. Remember, only risk 1-2 % of your account.
Short
by Vapari_Inc
SOLUSDT forecast and idea | SOLANA✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
1
SOLUSD Channel Up valid targeting $60.00.Solana (SOLUSD) has been trading within a Channel Up pattern since the June 13 Low. As long as its Higher Lows (bottom) trend-line holds, it is a buy opportunity targeting its Higher Highs (top) trend-line. Technically it resembles, in 1D RSI terms also, the last rebound towards the ATH Lower Highs trend-line, which stopped just below the 1D MA200 (orange trend-line). That gives us a rough target zone of 58.00 - 62.00. A break below the Support Zone, invalidates this pattern and if no higher point is made than the July 19 High, the selling can target the 2.0 2.0 Fibonacci extension at 14.35. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:SOLUSDLong
by TradingShot
3
SOLUSD Broke above its Triangle. Bullish bias ahead.Solana (SOLUSD) broke yesterday above the Lower Highs (top) trend-line of the Triangle pattern that it has been trading in for the past 1 month. The pull-back that followed has been quicly contained today above the 4H MA50 (blue trend-line), which has established itself as Support, with the 4H MA200 (orange trend-line) being right below on the 0.618 Fibonacci retracement level. Still, there is a clear Resistance and Support Zone to consider. As a result, it would be best to trade this on a break-out approach. A break above the Resistance targets the -0.5 and 1.0 Fibs in extension, while a break below the Support targets the 1.5 and 2.0 levels. The RSI Res and Higher Lows can also help us trade on the short-term within a range. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:SOLUSDLong
by TradingShot
2