Solanausdt
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.
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
SOL/USDTStill Range bound but I think this will unfold and go to the downside in the near future.
This kind of moves happen quickly and it's hard to get the perfect entry when they start.
So I'm starting to scale in here.
Sol to single digits this year.
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Solana Path to the MoonHello Everyone, have been a while.
This is my prediction for solana path on the 12 hours chart.
History always repeats itself.
Also yesterday's drop was meant for that.
Macd, RSI are positive for solana.
Support was hit already so if we kept this price and above, will be very bullish for solana which is already late.
SOLUSDT: No Position, No Problem! WAIT❗Hi Traders, Investors and Speculators of the Charts 📈📉
Let's take a comprehensive look at Solana - and this analysis could hold true for many top altcoins at the moment, since we see very similar price action across the coins with the higher market cap values.
Technical Indicators:
📈Phoenix Ascending containing the RSI, LSMA, EMA and momentum (buyers or sellers control)
Indicates that short term buying pressure has run out
📈 Fibonacci Bollinger Bands
Price is currently rejected at the basis of the BBands on the weekly. Without a strong close above, the macro trend remains bearish
Chart Analysis:
Immediate support zone is around $18, a likely place for a correction to land
Fibonacci Retracement shows that should the bull run continue full steam ahead, next target after the short term correction is around $40
Remember to check out related ideas on Bitcoin and Cardano below!
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SOL has just flashed the strong bearish signal!Hello, traders!
Solana is following the Bitcoin and has also flashed the strong bearish signal on the 1D time frame.
After reaching the 0.618 Fibonacci retracement of the previous downside impulse price got rejection. Moreover it formed the true confirmed bearish divergence with the MACD, which is the strongest signal in technical analysis.
What about targets? I expect BINANCE:SOLUSDT price at $17 , which coincides with the 0.61 Fibonacci zone of the uptrend impulse.
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SOLUSDT, key zones to watch and two points to buy 📈 UpdateHello guys, This is an update of previous analysis (blow link), Everything is explained on the chart for you like always. Our first buy point has been activated and you can manage your position and profit. The price is still below its main resistance. The second buy point will be activated after breaking the resistance and pullback to 28$. The targets will be 38 and 48.
Good luck.
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APTOs is taking the place of SOLANAMuch has been said about the dramatic increase in the price of APTOS this year. Surely it looked like a good short ... as @cryptomanran said, it is up 100s of percent. But, when you consider the price behavior of Solana during this time, regress the two against each other or against ETH ... You will see that it has really been a typical pattern that indicates a bullish bet is being made for APT in favor of SOL ... look at the way they trade and you will see them get jiggy when we approach the level of 0.60 - 0.62 for the ratio of APT to SOL (APT/SOL). Seems like some big Solana bag holder is doing the swap. Not investment advice ... just what I am working on right now.