Solanausd
Solana (SOL) formed bullish Cypher for upto 11.50% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Solana (SOL) coin with Bitcoin pair.
Recently I shared a long-term trade plan for SOL, which is still in play:
Now on a daily time frame, SOL has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Trading Signal For SOLUSDT SolanaTrading Setup:
A Trading Signal is seen in the SOLUSDT Solana.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 41.80
⭕️SL @ 38.90
🔵TP1 @ 50.27
🔵TP2 @ 57.60
🔵TP3 @ 70.50
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
SOLUSDT 12h Medium-term trade - our target $79Last week, we published the idea of the SOLUSDT trading pair, where we highlighted the main liquidity zones for the last 2 years.
Over the past week, the SOLUSD price has been consolidating above the important price zone $30-31. Even yesterday, when they tried to spill prices in the entire cryptocurrency market, the buyers of the Solana token were able to hold the SOL price.
This behavior of buyers and sellers at SOLUSDT chart price allows us to take a medium-term long position under the following conditions:
Entry 33,11-33,51
Stop 27,84
TP1 - 58,80
TP2 - 78,84
By the way, yesterday we already published the conditions for the selection of two medium-term long positions:
AVAXUSDT:
SANDUSDT:
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SOLUSDT 12h Solana +35% growth in 6 days and this is not the endToday we will update info about our medium-term SOLUSDT trade.
After an 8-10 month downward trend, it is hard to believe in growth, but the fact is that in just 6 days the Sol price increased by 35%
The first strong resistance level of $50 is very close.
We assume that consolidation may begin below it before continuing the upward movement.
Therefore, it is worth making a decision based on what type of trade you practice, whether the profitability is sufficient for you, how large the size of the position is, etc.
At the moment, it seems logical to partially fix the profit on the long position of SOLUSD, before the levels of $50, $59 and $79
The growth pattern is relevant if, the nearest days, buyers do not allow the Solana token price to fall below $41.
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_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
SOLANA (SOLUSDT) breakout or antoher dump?SOLANA has shown signs of strength recently, first by stopping its constant fall on a historic support level with significant volume (2nd biggest trading volume in SOL's history on Binance).
Also the descending channel of the past few weekshas been broken. While these are all bullish signs to me, another historically proven resistance area is just above the price and a long-term decending resistance line is very close too. If the price was to close above 60-61 USD, then I would start hoping for a longer-term uptrend - though not necessarily a new All-TIme High in one go ;-)
On the other hand, the aforementioned two resistance factors can justify a short positionif the price failsto holdabove 60 dollars.
SOLUSDT 1D Buy and sales levels of Solana in the descriptionBefore you is the global chart of SOLUSDT
For more than 8 months, the downtrend in SOLANA price continues, and the last 2 months the SOLUSDT price is in the lower part of the trend channel.
However, it seems that there is interest in the SOLANA project and there are both large and small buyers.
Buyers did not allow the SOLUSD price to fall below the liquidity area of $20-40. It was there in 2021 buyers was taken the final big long position before the pamp at x10.
Targets for SOLUSDT price growth in the coming weeks:
1) $42.50
2) $60-61
3) $79-80
If you see that the SOL price is trying to stabilize below $30-31 , then place an order to buy at $23 . Of course, you have to buy SOL if you believe in the bright future of the SOLANA project and know how to use the SOL token in your deposit.
(By the way, you can share your thoughts and experiences in the comments)
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Solana SOL DirectionI've set with red the support and resistance zones for Solana.
I Don't short this VC altcoin, too manipulated.
My next spot buy of SOL will be between 21$ and 18$, with a chance it goes even below 16$.
The RSI made a plateau of support, check the black line.
If BTC scam wicks up for a while now, SOL might retest 42$ first, before more down to come.
Have a nice day )
Pullback now completed in daily chart. will SOL test 35$ again?In the daily time frame, the pull back has completed the downtrend line and the price is expected to decrease to the $ 38 area, and from there, it will start its uptrend up to the $ 60 area by forming a double bottom pattern.
My prediction is that with the price fluctuating in the range of $ 35 to $ 60, Solana will enter a triangle, which at the end of the triangle is expected to break the downtrend line to reach the important $ 80 range, which has very strong resistance.
Keep in mind that all of these behaviors also depend on the price trend of bitcoin.
These statements are only personal opinions and are not a signal to trade.
SOL on the resistance zoneHello fellow traders! Currently SOL is on the verge of a possible break out of the month long downtrend channel.
The pros are;
the WEEKLY bullish divergence taking place. (shown on last chart)
The MFI has support at 70.
Price has support at 100 ma (4 hr)
*opinion* undervalued project
The cons are;
SOL is at the top of a month long resistance channel
RSI showing resistance at 60
Currently in downtrend
Let me know you're opinions :) Good luck and set stop losses!
Solana poised to take off soonHello fellow traders. Just a comparison to a previous bear market Sol was in, and I noticed there's a bit of similarity to how its structured.
Not saying this is the bottom, but if past history will rhyme this time, we might see some bullish sentiment take over. Also note the rising MFI and falling price, indicating that the selling pressure is decreasing and gives us a clue that a turn in the market might be close.
Sol currency can be used to purchase NFTS for many projects. Seeing that NFTs are seemingly taking of in the metaverse, this alt coin seems undervalued as it stands today.
Comment your opinions! Good luck and set stop losses!
Long SolDespite the very low descending slope, but instead of a sharp upward slope in the previous wave, I expect the end of the fall and the return of the trend from this point, considering that the divergence has also been confirmed! I hold my position until the sun | Attention! This is a weekly analysis
Solana Analyze (Short Term)!!!😉Solana is on the last wave of its Zigzag Correction. The Structure of the main wave C can be Ending Expanding Diagonal. The end of microwave 4 of main wave C can make Bullish Gartley Harmonic Pattern. The end of microwave 4 can be around 39.3$ until 39$. Also, I tried to show you the end of main wave C (Zone) in my chart.
Solana Analyze ( SOLUSDT ) Timeframe 15min⏰ (Log Scale)
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 be glad to see your ideas in this post.
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SOLANA is now in for an ABC correction. Close to bottom!SOLANA is finishing up its overall correction pattern, currently in a downward (corrective) wave (v) which has already its proper 1,2,3,4,5 in place (impulsive) and is currently in the subsequent ABC correction phase which "should" bring the price in the $35.33 "ish" zone.
As long as this set up is maintained (and we all know how changing this environment is!) possible alternatives in my opinion are:
SOLANA already hit its low @ 35.75 and will not go lower than that level,
SOLANA will hit its low peak somewhere between $35.75 and 35.33 and then initiate the long trip to recovery, and
SOLANA is still in for yet another lowest low, perhaps even in the $30 zone (less likely but technically possible, in the $20 zone) and ONLY THEN, initiate its way back.
What to look for?
watch $40 level and $35.75 level, both crucial in determining the trend and mood (with a close eye on "Father Bitcoin") ;)