Solanausdt
SOLANA - Updated Small ChartOur updated Solana chart shows price is under resistance and a dip might follow.
NEWS:
3 DAYS AGO Validator operators of Solana, a proof-of-stake blockchain, successfully completed a cluster restart at about 11 p.m. ET on Saturday following a roughly seven-hour outage when the network failed to reach consensus, it said on Twitter.
An earlier Twitter post had said that “Solana Mainnet Beta lost consensus after an enormous amount of inbound transactions (4m per second) flooded the network, surpassing 100gbps.”
One Love,
the FXPROFESSOR
Morning Update: Solana to head down one last timeTo those who follow me...thanks for the feedback last evening. I appreciate there are so many of you willing to spend your valuable time to interact with me as we think about ways to make our group better traders and expand what we all discuss.
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This wave 5 of our ending diagonal, like the previous 4 will be a 3-way move in the form of an abc. Just as a reminder, when SOL bottoms this time we're looking for an explosive rally from red on the day to green. We're looking for continuation in the days afterwards and we need key resistance at $103.59 taken out, then $111. Resistance at $111 is key.
I'm not a market timer but I think this will all be over is days....not a week.
PS: There is a chance this will extend to $96 to finish off wave 4. I don't want to see higher than $98 because then we will be dealing with something else other than an ED. Also, I'm going to gear up to track the SP500 versus other crptyo. The Markets have some influence over risks assets and most of the crypto charts look to be in the similar wave counts. If ay of my followers need me to provide analysis on something as a one-off to help them out let me know via the private chat button.
Best to All,
Chris
Sol is on downtrend movement from many daysSol is on downtrend movement from many days. There is strong support among 95.59 - 98.00. currently price showing descending triangle pattern. If recent price breaks support area then it will dip till 79.00 - 82.00.
Keep in mind there is resistance from 111 to 108.
Its possible that Solana price is finding its way to the bottomToday we bring to your attention the global chart of the pair of SOLUSDT
As can be seen from the graph, for a long time the price of SOLUSD is not bad enough to moving the channels of dynamic fibolevels.
Also, looking at the global chart Solana token, we can assume that at the moment the figure "double bottom" is formed
Based on this assumption, we can offer you the following medium-term SOL trade to comply with the profit/loss ratio 5/1
Long entrance area $89-93
Stop below $77.70
Take profit around $157
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SOLANA FOR THE WBINANCE:SOLUSDT
As long as BTC holds the 39 000 area I expect the altcoin space to prepare for a rally towards summer. On the contrary, if BTC breaks, we won't see any positive price action for a few months from here.
Looking good against BTC, too. Hold the yellow line and we're GUCCI.
Stay blessed.
#Solana Dumps 27% from April Peaks, #SOL Ceiling at $112
Past Performance of Solana
#Solana is bearish and within last week's trade range, reading from the formation in the daily chart. Even though SOL's prospects are bullish, sellers are in the driving seat, capping advances below $112. SOL is down 27 percent from April 2022 highs at spot rates, finding support at around $99.
Solana Technical Analysis
From volume analysis, #SOL is bearish, finding strong resistance at $112. Notably, SOL buyers didn't unwind the losses of April 11, swinging price action to favor sellers. As per the current setup, aggressive traders may unload on pullbacks below $112 in anticipation of more losses towards Q1 2022 lows of $80. On the contrary, any sharp spikes above the middle BB and $112 nullifies the downtrend, paving the way for optimistic Solana buyers aiming for $142 in a buy trend continuation pattern.
What to Expect from SOL?
The Solana mainnet beta is functional with vibrant dApps cutting across DeFi and NFTs. However, after the super rally of 2021, prices are cooling off. In the immediate term, SOL is bullish above $99.
Resistance level to watch out for: $112
Support level to watch out for: $99
Disclaimer: Opinions expressed are not investment advice. Do your research.
SOLANA LONGS ACTIVE📉📉📉Expecting bullish price action on SOLANA COIN as price shifted the market strucutre from bearish into bullish, price made the lower high retracement into a bullish orderblock area on the H4 + institutional figure 100$ that is acting for now as a valuable area of ,,support,, if you will.
What do you think ? Comment below..
Sol Trying To Level Up 4H CartIf Sol wants to make a upper move first It has to break 103.51.
Now trying it for last 2 days.
Also depends on BTC move.
In a couple of days, It can reach to 105.89 - 107.56 area.
Don't forget to check MSI, EMA and MACD.
Hourly changing.
We are seeing very slow movements.
This is not a financial advise. Always check your table's.
SOL/USDT : Formed a bearish pennant ! KUCOIN:SOLUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
$SOL has formed a bearish pennant at current level, So the majority is with bears.
But as always; We have to be ready for both phase of market !
That's why I mentioned two trading setups on the chart.
- If we get the rejection below the pennant, Then I'll located my Short on a proper retest of marked blue zone and aim for $84 .
Trading Setup have been mentioned on chart !
- If we get the break-out above the pennant, Then I'll wait for another confirmation of break-out above the local S/R zone a $106; I'll locate my Long on a proper retest of broken S/R zone and aim for $19.5 .
Trading Setup have been mentioned on chart !
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Solana - Getting Ready For ReversalWe finally found a good sign for reversal for Solana as we can see a change of character in its price action. Meanwhile, any range below the ChoCh is a good entry. But if you're trading for the short term, we have to look at the possible signs of reversal in the 5-15 min timeframe in the current area. We can also do an entry in the order block if we can't see any upsides yet.
🚩 SOL Bull Flag 📈SOL is currently in this bull flag on the daily and once it breaks out I believe we could really see it go back to the mid 100s.
We have some FIB levels to clear once we break through those being at $119 , and $146.10.
We would also need some momentum on BTC to help drive SOL to break the flag and other key resistance areas as mentioned.
SOL - can buy it in this scenario4H trend chart
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SOL is converging in the descending tunnel and it is approaching to the upper downtrend line currently.
If price overcomes the downtrend line, long it with the following trading strategy.
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Profit Targets:
a) 110.635-----Fib(0.5)
b) 118.430-----Fib(0.618)
c) 129.555-----Blue horizontal ray
Stop losses:
a) depend on the timing of break-out
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
SOLANA LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on the SOLANA as price shifted the market strucutre from bearish into bullish and for now price is finish the retracement move back into the bullish orderblock on the D1, we have a clear confirmation and right now i think we will see higher price action right into 166$ price area where we have a BIG IMBALANCE AREA to be filled.
What do you think ? Comment below..
Update on Solana Bullish ScenarioIn another scenario, Solana can create Higher low on that small bull channel or Bear flag (green channel). The crucial price for Solana to rebound is around the Fibonacci Area of 0.382 and 0.236. We can try to Buy On Weakness on that area.
Don't forget to focus on the dynamic resistance.
BINANCE:SOLUSDT