Always expect a pull back to the scene of the crime. Solana is about to hit the first targets, I expect a slight pull back to the "scene of the crime" (yellow line) or lower to find some support/liquidity for the next move.
Solanausdt
Solana Bullish Until February 20thThis is the bullish scenario for Solana right now
From here to 125.84 supply & extension on wave 1. that's gonna be wave 3. Either there or the 1.618 at 128.08
Afterwards we retrace back down to the top of wave 1 at 106.56 and from there make one last push up into this daily FVG at 146.16
$146.48 is also the bearish OB that broke structure causing the bear market and a major SFP
February 20th major macro fib time would line up with the top of wave 5
See comments for additional confluences
Next move for solanaAfter the clean breakout, now the solana is preparing itself to another bullish move stay tuned guys and enjoy it
TP 1 :~15 🎯
TP2:~ 126 🎯
sell on orderblock📊Analysis by AhmadArz:
🔍Entry: 98
🛑Stop Loss: 100.58
🎯Take Profit: 95.92 - 92.91 - 89.75
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
SOLUSD / 1H / TECHNICAL ANALYSIS BINANCE:SOLUSDT Resistance at 100, support at 88, stop at 84. My target for wave analysis is 98.81
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
🚧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.
Interesting Pattern on Solana!....What do you think?Solana has broken down out of a rising channel only to create a new channel.
Volume falling for 2 days.
What's next?
BINANCE:SOLUSDT COINBASE:SOLUSD
SOL SOLANA SOLUSD Update Jan 25 2024Sharing Solana update here from TTR:
I havent updated SOL since after I took nice profits on it.
Here is a potential wave 2 setup down, which should bottom around April or May.
It seems that ABC down is in play now, with A being in place on that 23rd Jan low, or it can be printed anytime now, not later than the end of the month or so.
The B wave is expected to hit around the middle of Feb, and the C wave down into the Apr low
- B wave target is 108-116
- C down should bottom at or below 68.50
I will update the bull targets when we are near the C wave low.
Everyone should be making money on all of our crypto updates; just don’t use any leverage and options!!! As the timing is always an issue, the best way is to accumulate when the price is going down at support levels and hold for the rally to begin.
SOL macro analysis 📌 2024/25 ♉ I think COINBASE:SOLUSD completed mark down phase 📍 ( wyckoff theory )
Present we are in accumulation zone 📌 🙄 #DYOR
I have 2 scenario based on my technical analysis ⏰ #TA
👉 expecting no new low 🔅 making new high 📌 atleast return to previous top 🔝
👉 expecting new low 🔅 based on FTX and FUD news 🗞️ selling , no new High 📌
Solution :: 👉
I am using 60-70% liquid at 1st phase 📍 if above i got confirmation 🙂 remaining 40-30% I keep in correction 🤝 if not 🚫 making new low 🔅 I use that liquid 💰 there 📌
So making new low 🔅 atleast I book +500% ( 5X )
Not making new low 🔅 i will make more than +1000% ( 10x++ )
This is my planning based on chart 📉📈 make ur plans 🙌
Technical analysis is always risk management 📌 tool 🔥 not only predictor tools 📌
Buy ->
Phase 1 📌 $10 - $15
Phase 2 📍 $2.5 - $5
Weekend candle close above $60 no new low 🔅 confirmation 😸
Then phase 2 📍 $40-48 ( not making new low buy at correction )
This is plan of accumulation on COINBASE:SOLUSD 🤝 and with confirmation 👌 zone 📌
Sell -> $244 - $600 ( distribution area )
👉 clear target's provided time bull 2025 just follow article and boosting 🚀
If making new low 🔅 then bull target will be $48-50 ( exit but i will update that time )
🤝 Anything else comment and give me private text 🙂
🤝 check ✅ my profile and follow article for future updates
🤝 When COINBASE:SOLUSD trade at $200 I said 2022 nov it will reach below $10 ( it was done ✅ )
🤝 boosting 🚀 and following article is ur requirement and sharing with ur PPL 📌 is supporting
🔥 my responsibility is update 📌 at crucial movement i will do under this post 🤠
Be happy 😊 be safe 🙂 ( then don't get married 😉 )
solana continue bearishsolana has made a decline again after it reached the nearest resistance level .
SOL/USDT Market Correction OpportunitiesWe are considering a scenario involving the decline in the SOL's value and the initiation of asset purchases.
It is worth noting that the current correction to the $79.60 level represents a deviation of more than 37% from the prevailing local peak at $126.21. The price movement chart within the descending channel during the correction indicates a reduction in investment activity and profit-taking.
Given the anticipated continuation of the downward trend and considering the potential attainment of price levels around $70 and below, we are contemplating the possibility of strategically re-entering positions in SOL to optimize the portfolio and capitalize on market conditions in our favor.
SOL/USDT BINANCE:SOLUSDT.P
This idea has a medium-term profit target.
Enter to Buy stop limit.
All targets are indicated on the graph with a red eye.
- Risk 0.5% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.
Short SOL scenarioEnglish
I`m applying a very simple strategy with the RSI where I see "an exhausted price" in there, we are going to a 1:3, at least. Crypto market is going up pretty hard, but I believe it is going to have a retracement, before making HH.
*THIS IT NOT INVESTMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
Español
Estoy aplicando una estrategia sùper simple con el RSI donde veo un precio con agotamiento allì, vamos por un 1:3. El mercado cripto está súper alcista, pero creo que tendrá un retroceso, antes de hacer un próximo, alto más alto.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
are we enough tight to explode upwards?are we enough tight to explode upwards?
4H-daily chart in Simetrical triangle pattern
SOLUSDT - THE CORRECTION IS IMMINENT (TARGET $64)As Bitcoin has announced its breakout, it is clear to me that the general crypto market correction is happening. Solana will not be exempt. Here is my analysis:
What is on the chart? (follow the steps)
1) A daily FVG that serves as a support zone.
2) The descending trendline that is the main driver of this bearish analysis since it pushed price to form a daily descending triangle (employing the retail lingo so that everyone can understand).
3) Price wicking multiple times in the daily FVG confirming that it is indeed a 'support zone'.
4) A false breakout. This is the strongest short signal of the chart since it demonstrates how bulls failed to break the structure and pursue the rally.
5) A short structure setup which here just serves as a confirmation (I didn't personally enter there as I was waiting for BTC).
6) The imminent breakout that should be ruthless. These kind of corrections can make or break people. So I expect it to at least take out the $64 sellside level.
NOTE: Don't let it go to your head. If you are over exposed, just minimize your risk and take a break from the markets. You control your investments not the other way around.
As always, enjoy the rest of your day and happy trading!! ;)
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.
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same.
What do we see? (follow the steps)
1) The high that set the downtrend.
2) Price wicking in the daily FVG that will serve as our base ('support').
3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too.
4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure).
5) The expected dump where BTC does too.
Hopefully you enjoyed this short analysis and I wish you a lovely day!
Happy trading!! ;)
Solana still need to crash more to gain momentum solona still show price strength and i expect more correction to the range between 70 to 75 ,
anyway solana is still show strong strength and strong momentum
SOL Critical momentSolana is ranging on the trendline, actually it failed to break above the red box that is a strong resistance. We have two possibility here, break above the red box and pump, or range below the trendline and drop to local bottom
Solana- Ready for a new leg up to 200In my earlier analysis of Solana, I mentioned that the 130-140 zone was expected to present significant resistance, and there was a high likelihood of a correction toward the 80 zone. True to that projection, SoldUsdt precisely corrected within the specified range and, on three occasions since the beginning of the year, experienced a reversal from that zone.
Currently, the coin has retraced to the 100 zone and appears poised to resume its upward movement. Sustaining stability above 100 would place bulls back in complete control, signaling a potential commencement of a new upward trend. While the 125-135 zone might pose some resistance, I believe it would merely serve as a temporary obstacle. Once this zone is surpassed, the path seems clear for an ascent toward the 200 zone.
However, it's important to note that a drop below 80 would interrupt this scenario and necessitate a reevaluation of the market outlook.
SOL/USDT 4H bearish pennant, confirmation below 85SOLANA is forming bear pennant pattern, Take short position below 85.
if market changes its mood then take long above 111.
patiently wait & watch.
SOLUSDT Long BiasBINANCE:SOLUSDT.P
1D TF in uptrend, pulled back and took 4h liquidity then market shifted to the upside quiet nicely.
SOL Outlook: Solana to outperform Ethereum in Uptrend?Date: January 12, 2024
Overview:
Solana's SOL/USD pair has been evaluated within a dual channel setup indicating two potential market directions. The green channel outlines a bullish trajectory, while the red indicates a bearish perspective. Alongside, key historical retest levels and the Z-Score Probability Indicator provide a multifaceted view of the market's sentiment and potential trend strength.
Channel Analysis:
The green bullish pitchfork highlights a steady uptrend, with SOL recently testing the mid-line of this channel, which could act as dynamic support.
The red bearish pitchfork is not currently in play but serves as a visual guide to potential downturns should the market sentiment shift.
Key Levels:
Key Historical Retest Levels/Supports:
SOL has maintained levels above key historical supports at $49.91, $40.15, and $26.36. These levels are crucial for maintaining the bullish narrative.
Conditional Probable Boundaries: Future resistance levels are identified at $97.18 (Boundary 1), $165.44 (Boundary 2), and higher at $237.80 (Boundary 3). Breaching these could signal continued bullish momentum.
Z-Score Probability Indicator:
The Z-Score is currently above the zero line, indicating that price is deviating from its mean to the upside. A Z-Score above 2 often signals a strong bullish sentiment, while readings above 3 could imply overbought conditions and potential for a pullback.
The Z-Score's mean reversion tendency is apparent, which will be crucial to monitor for signs of trend exhaustion or continuation.
Market Context and Fundamentals:
SOL’s performance should be interpreted in light of the overall health of the blockchain and DeFi ecosystem, as well as network-specific updates, scalability improvements, and adoption rates.
Fundamental news, such as partnerships, technological advancements, or regulatory changes, can have a significant impact on SOL's price and should be monitored closely.
Potential Strategy:
Bullish Scenario: Traders might look to add to or initiate long positions on retests of the key historical supports, with the conditional probable boundaries as potential profit-taking points.
Bearish Scenario: Should SOL break below the key supports and the mid-line of the bullish pitchfork, it might indicate a shift in market sentiment, and traders could look for short positions targeting the lower levels of the bearish pitchfork.
Risk Management:
Given the current positive Z-Score, it's advisable for traders to be watchful of potential pullbacks and set stop-loss orders accordingly.
The pitchfork channels can be utilized to adjust risk parameters as SOL navigates through these projected paths.
Conclusion:
SOL/USD is showing signs of bullish behavior, with critical supports holding strong. The Z-Score suggests that the market is currently optimistic, with a watchful eye on the upper levels for signs of overextension. Traders should remain vigilant and responsive to price action at key levels and fundamental news that could sway market direction.
This analysis is provided for informational purposes only and is not investment advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
