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Solanausdt

Solana (SOL) -> New Altcoin SeasonMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Solana. During the year 2021 we saw a crazy rally of more than 25.000% on Solana and since the beginning of 2022 Solana perfectly dropped more than 90% towards the downside. Following this overall long term pump and dump trend I do expect another crazy pump after Solana broke out of the current triangle formation. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:SOLUSDLong
by basictradingtv
29
SOL: Falling WedgeSolana (SOL) technical analysis: Trade setup : Price was rejected at a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Now it’s consolidating in a Falling Wedge pattern. We wait for a breakout, ideally back above 200-day moving average (~$21) to signal bullish trend reversal with upside potential to $25-30 resistance zone. Trend : Downtrend on Medium-Term basis and Neutral on Short- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $12. The nearest Resistance Zone is $20 (previous support), then $25 – $30, and $38.
Long
by altFINS
SOL: Pullback in UptrendSolana (SOL) technical analysis: Trade setup : Price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.
Long
by altFINS
2
SOL: Pullback in UptrendSolana (SOL) technical analysis: Trade setup : After price broke back above $20 resistance and 200-day moving average. Then, price spiked up 50% into a stiff resistance zone ($25-30) and got very overbought (RSI > 80). Pullbacks near $20-$22 support zone (also 200-day Moving Average) could be attractive swing entries in Uptrend. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $20 (previous resistance), then $15. The nearest Resistance Zone is $25 – $30, then $38.
Long
by altFINS
solusdtNew update of Solana currency According to the previous analysis, the price did not have the necessary resistance and crossed the lower line of the triangle, and I expect further correction to the specified range. The number specified in the picture is my intention to enter the purchase transaction. When the price reaches the specified number, please check carefully. As a rule, below the green range is your loss limit. And I tried my best to make the picture self-explanatory. With thanks for your attention. Good luck.
by kiarashazizi69
Solana Price May Explode: Bullrun Continues ?Following a remarkable surge in BINANCE:SOLUSDT Solana's price , the cryptocurrency is now forming a triangle pattern, suggesting the possibility of a continued bull run. For conservative traders, exercising caution and waiting for a pullback may be a prudent approach. However, for those seeking aggressive trades, entering the market now could be considered, with a recommended stop loss set below the bottom triangle line. The nearest target for potential gains stands at the $32 price level. However, a successful breakthrough of the $32 resistance will largely depend on the backing of substantial trading volume.
SLong
by dytra