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Solanausdt

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
What kind of reward do Solana SOL holders expect?The price of SOLUSDT has weathered yesterday's "helicopters" in the cryptocurrency market quite well. However, it is still in a downward trend channel since the end of 2021. It seems that only the most steadfast holders of Sol remained, who believe in the Solana project and will not drain the token under any circumstances. And if we also take into account the fact that FTX is expected to resume operations in the second half of 2023 and early 2024 with a return of 50-70% of the lost funds, this may play a positive factor for the Solana project. Here, we have described in detail how closely Solana was connected to FTX and related entities. So, as of the time of writing the idea, it looks like $19.50-26.50 is the zone for accumulating long positions. Above $26.50, a powerful upward momentum should be generated to break the downtrend. The first target for such growth is 42-47$ , as the upper boundary of a long-term liquidity zone. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
32
SOL going bullish on the mid-and long-term TPISOL exhibits strong bullish sentiment for both the 3D (Long-term) and 1D (Mid-term) TPIs: which indicates promising growth potential that may fill the channel fib level at 1 (~34). Furthermore, SOL is currently displaying signs of outperformance compared to ETH: A green SOL/ETH color implies that SOL is surpassing ETH, and if the bullish trend persists, SOL may offer higher returns in the mid-term. Assuming that the CPI does not significantly erode market participants' confidence, alternative cryptocurrencies (altcoins) are expected to experience further growth, and SOL may be an excellent investment opportunity in such a scenario.
Long
by IkkeOmar
Solana offers us to get up to 22% profit from a single trade!Hello everyone! Today, Solana offers us the opportunity to gain up to 22% profit from a single trade. As you can see on the chart, a symmetrical triangle pattern has formed, and after a sharp impulse due to the rise of Bitcoin, the asset has approached the strong Fibonacci level of 0.382. It is possible to enter the position from this level, while also expecting a small correction of +- to the middle of the daily candle from the Fibonacci level of 0.382. Take profit around the Fibonacci level of 0.618, which would result in approximately 22-23% profit. This is not a financial recommendation, and everything you do is done at your own risk.
Long
by neverovv
SOL/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) The weekend was recorded slightly higher, although price uncertainty was also higher. SOL/USD topped out at $20.71 to start the weekend a day after sitting at a low of $20.33. Saturday's activity shows Solana hovering near the long-term bottom at $20.15, and it follows a crossover of the moving averages (MAs). The 10-day (red) MA moved below its 25-day (blue) counterpart at the start of the week, though it was unable to extend its distance from the trendline. The 14-day RSI is staying close to its own support point at 46.00. Unless there is a breakout or a move above the resistance, the SOL trend is likely to remain sideways. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
5
SOL: Approaching SupportSolana (SOL) technical analysis: Trade setup : Price was rejected $25-30 resistance zone, which also lines up with 200-day moving average and a long-term down trendline. That makes that a very stiff resistance zone. Price needs to break above this stiff resistance area to indicate that buyers have soaked up all the supply overhang and to signal trend reversal. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). 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, then $15. The nearest Resistance Zone is $25 – $30, then $40.
Long
by altFINS
Solana long position (NEW)SOLUSDT has been ranging since mid of January 2023. Currently the price is in the mid of the range therefore we expect the price to retest the botom of the range around 20 $ or break the ressitance and continue the bullish move towards 37 %. The ideal scenario would be if the price breaks the resistance and retests it as a support which would be the entry for a long position. MACD is about to cross bullishly on daily timeframe. If it happens, most likely we will see the breakout of the resistance. However, everything depends on Bitcoin. If Bitcoin dumps hard, Solana may break the support at 20 $ and go lower towards 14-15$ support which would be still bullish as the price would create a higher low therefore 14-15$ may be an entry for long position. 3 possible scenarios are shown on the chart. Good luck
Long
by vf_investment
7