Solanausdt
Solana SOL price will reach $31, the only question is how)Now, SOLUSDT buyers have one goal: to push the price as close to $31 as possible. There is a powerful liquid zone there, which is pulling the SOLANA price towards it like a magnet.
The only question is which way they will go there:
If they can confidently fix the SOL price above $23, then the blue route is realistic.
If buyers relax even for a second, sellers will become more active. They need to defend their short positions, which were gained on the "negative news around FTX and SOLANA." As a result, the red scenario and the drop of SOL price to the $13-15 range
Which scenario do you prefer, and which is more realistic in your opinion?
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SOL: Approaching ResistanceSolana (SOL) technical analysis:
Trade setup : Price bounced off of $10 support and broke above $15 level with robust volume, making a Higher High, a sign of potential trend reversal. Price has reached our target $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. Hence, we could see some profit taking pullback near-term. (set a price alert). Price needs to break above this stiff resistance area to indicate that buyers have soaked up all the supply overhang.
Trend : Downtrend on Short-Term basis and Neutral on Medium- and 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 $15 (previous resistance), then $10. The nearest Resistance Zone is $25 – $30, then $40.
SOL: Approaching ResistanceSolana (SOL) technical analysis:
Trade setup : Price bounced off of $10 support and broke above $15 level with robust volume, making a Higher High, a sign of trend reversal. Price has reached our target $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. Hence, we could see some profit taking pullback near-term. Price needs to break above this stiff resistance area to indicate that buyers have soaked up all the supply overhang.
Trend : Uptrend on Medium-Term basis and Neutral on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $15 (previous resistance), then $10. The nearest Resistance Zone is $25 – $30, then $40.
Solana TriangleSolana has been consolidating in a triangle after breaking the bullish trendline (grey). downside is more likely imo because of multiple divergences on Sols pump to $26, resistances (blue trendline, 200dma in yellow) just about current price and crossover on MACD. Price target of triangle breakout $18ish
SOLUSDT SHORT OPPORTUNITYHere we can see that "SOLUSDY" in 1 day time frame has a major resistance zone at "26.57" and price may fall from that point also you can see that STOCASTIC RSI is trying to reach overbrought zone from oversoldzone and we can get a good candle wiik entry for short trade.
ENJOY!!!!!!!!!
#Solana SOL/USD -Daily chart#SOL - From analysing the chart, it is clear that the overall sentiment is bullish, meaning that we expected to increase.
However, it's important to take note that the relative strength index (RSI) is quite high, which may indicate that the market is overbought and could experience a short-term pullback.
Additionally, it's important to be aware of any resistance levels that may be present on the chart and to consider the historical patterns and trends. Despite the high RSI, it's important not to jump to conclusions and to evaluate the chart with a critical eye. It's essential to not make hasty decisions out of fear of missing out (FOMO) and to take a moment to think critically in order to come to a conclusion.
Overall, it's important to be careful and to make well-informed decisions.
"SOLUSDT" NEXT MOVE!!!Here we can see that "SOLUSDT" in 1 day time frame has taken breakout from the TRENDLINE and trying to retest ont the line and if it takes a healthy retest we can see a good bounce in the price and price could rise till the zone of "31.485". And if the its a fakeout then we can see downfall in the price till the zone of "20.313". Till then keep an eye on the smaller timeframes of the market and if the price hits the support mant times then there is a high change to break the candle in the downwards direction and same things applies for the resistance zone. And according to the TRENDLINE make your TRADE ENTRIES.
ENJOY!!!!
SOL to retrace to $9SOL just got rejected at the top of the long term descending range. I expect a revisit to to the median of the range which is at the 9-10 dollar level.
Price pattern projection is done for the 4 day chart and I'm putting it on this daily chart so we can see the higher timeframe direction on daily and see the daily price action against the 4d chart.
This is not a financial advice.
SOL (Long Term Pathway)SOL/USDT
SOL price pumped hard from 8$ to 25$ (X3) in few days
and recently price started to rejection
well, this is normal if you check my chart as price is testing strong resistance ( channel + horizontal S/R)
If you missed my entry from my last idea at 15$ (66% pump)this not the end
The next long term pathway will probably be determined in next few days according to my chart
Scenario 1 : breakout
Breakout of both resistance and closing above will send SOl directly to higher prices
Scenario 2 : rejection
Incase of hard rejection here and BTC make a bulltrap and fakeout the next best buy will be around 5$
Iam leaning more to scenario 1 but as you know this is crypto and must be ready for anything , So never trade without a plan
I hope this idea will help you in trading
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[Solana]Either $30 or $18.5 from hereEvery thing is clear on the chart....
SOL may not follow these path line accurately but overall scenario should be like this!
Long entry: Break of $25 zone and then holding that zone as a support will be bullish signal. And then stoploss should bd just below $23
Short Entry: If SOLbreak the the trend support line (lower black line) and then we should wait for a retest after break down of this line. If it gets rejected from the retest then we can enter for a short.
-SOL/USDTSolana did a good work since November , but as i see on HTF Price still bearish & all that move it's a part to form LH on HTF & price doesn't any HTF demand yet & left Liquidity behind & all the other markets still doing same thing NQ S&P & BTC ... . Easy invalidation is to flip the Weekly supply
Solana Analyze (Road Map)!!!🗺️Solana is running in Descending Channel. I tried to use Elliotte's wave theory to show you the Road Map🗺️ of Solana .
Solana Analyze Analyze (SOLUSDT) Daily Timeframe ⏰ (Log Scale)
Solana completed its Main wave 3 in the lower line of descending channel, and now it is on the way to the Main wave 4. The Main wave 4 can finish 49.8$-46$ OR 38.8$ & and at my TRZ (Time Reversal Zone). About Main wave 5, I showed you the targets of it in my chart.
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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