SOL/USD - Solana Turns Bearish as Thousands Lose their Funds!I hear some SOL wallet providers got their database compromised and lost the private keys to thousands of their users.
Hackers were then quick to proceed and liquidate the funds by draining said wallets.
Millions lost.
Welcome to crypto.
As for SOL's price. It took a beating, if it won't hold inside the triangle, it will go to $35, possibly lower.
I don't like the MACD bearish cross on daily... Bad signal.
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Solbtc
SOL GOING TO 25$?On daily timeframe sol is forming a bearish flag and technically its target will be our next major support of 25$. In between this we have two supports of 34$ and 30$ respectively which may give support but overall it will be huge dump of 20-35% in solusdt if this bearish flag got breaked. Keep eye on 34$ support if it got breaked properly than you guys can open a swing short with proper sl.
Solana (SOL) formed bullish Cypher for upto 11.50% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Solana (SOL) coin with Bitcoin pair.
Recently I shared a long-term trade plan for SOL, which is still in play:
Now on a daily time frame, SOL has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Solana (SOL) - July 24hello?
Welcome, traders.
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(SOLUSDT 1W Chart)
Whether it can move higher than 58.38 is the key.
To do that, you need to make sure you can support and rise above the 24.54-33.39 section.
(1D chart)
Primary resistance: 46.85
Secondary resistance: 58.38
1st support: 38.52
2nd support: 31.81-33.39
If support is found near the Bollinger Bands central line, the 60 SMA line, or 38.52, I would expect a break above the upper line of the Bollinger Bands.
If it declines from 38.52 and finds resistance, I would expect it to move towards near 31.81 and touch the lower line of the Bollinger Bands.
As the Stoch RSI is expected to enter the oversold zone in the near future, the key is to find support near 38.52.
At this time, it is necessary to check whether the CCI line is maintained above the EMA line, the -100 point in the CCI-C indicator.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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SOL/USD - Major breakout with $59 in range! 🚀Nice price action from SOL with a clean breakout from this ascending triangle.
At this rate, SOL could reach $60 in a short amount of time where I'd expect some profit taking.
Until that happens, don't exclude a re-test of the breakout, so the price could fall to $44 again before moving higher.
Bias is bullish on this chart.
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SOLBTCconfluence bullish cfork here
solbtc aswell as solusdt starting a bullis cfork for now
can use as confluence for taking profit/cutting
0.5 fibzone also has the general downtrend line in its vincinity
so unless were going to start a brief speculative alt wave// (think myby 1 more capitulation on the cards 1st givent usdtdominance tbh but still...)
can see how were looking once we're at that zone
if we break out with conviction/ global market relief rally, no recession
then this area could also be the last chance entry before the run up to 2023 halving/continued liquidity drain from tradfi to crypfi
sooner than you think doesnt mean this year though nessicarily
although a quite a few countries are considering adopting btc as legal tender in the near future, this could start another speculative wave.. eth2 merge theres a few other things also
anyway this is a short term trade for now till im convinced usdt dominance isnt going for a 5th wave extension (willpostchart) (o rdxy to 111+)
Solana (SOL) - July 10Hello?
Nice to meet you, traders.
Follow us and you'll always get new information quickly.
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Have a great day today.
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(SOLUSDT 1W Chart)
The key is whether it can rise more than 46.85-58.38 sections.
Less than 19.12-24.54 sections may be long-term investment areas and require careful trading.
(1D Chart)
The key is whether it can be supported and raised above 38.52.
If it falls below 31.81, make sure it is supported in section 19.12-24.54.
If we get support in 38.52,
Primary resistance: 46.85
Secondary resistance: 58.38
Volatility is expected to occur in the near future due to the contraction of the Bollinger Band 60.
It might go down further, but the current price position is the bottom section.
Therefore, stop loss is meaningless.
Until BTC shows an upward trend, most coins (token) are advised to trade from a short-term perspective.
So, if the price goes up, you have to sell it in installments, and if the price goes down, you have to buy it in installments.
However, it is better to increase the number of stocks by leaving profits as coins (token) rather than cash from short-term transactions.
We don't know how long we'll be in the bottom section, so we have to be careful not to run out of cash by just buying.
---------------------------------------------------------------------------------------------
** All indicators are retrograde indicators.
So, it's important to know that the indicators move along with the price and volume of the transaction.
However, for convenience, I'm talking upside down for interpretation of the indicators.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying the formula to the Depth House Trading index released by Oh92. (Thank you.)
** Support or resistance is the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee gains or losses in the investment.
(Short-term Stop Loss is a point where profit or loss can be preserved or additionally entered as a split transaction. It's a short-term investment perspective.)
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Solana's Inverse Head & Shoulder Pattern In The MakingThe inverse H&S pattern is developing and likely to show fully on this chart.
We are looking at Solana vs Bitcoin (SOLBTC).
Not only this pattern but we can also see prices holding above EMA10;
The highest volume in the last two weeks (volume breakout);
And a very strong RSI.
We can also look at this from a different perspective, and that is the "same pattern".
We can notice a low 12-May followed by a lower low 13-June.
This precedes a bullish breakout.
It is normal to see a correction/retrace after the initial breakout.
This correction/retrace is now coming to an end all across the board.
It ends in a higher low that leads to a higher high...
The next target/additional details on the chart.
Thank you for reading.
Namaste.
Solana (SOL) - June 23hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(SOLUSDT 1W Chart)
Below 46.85-58.38 is likely to be a mid- to long-term investment area.
So, whether it can move higher than 58.38 is the key.
(1D chart)
Primary resistance: around 58.38
Secondary resistance: around 84.57
Support: 24.54-31.81
If the price holds above 31.81, we expect it to turn into an uptrend in the short and medium term.
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No matter how good a project is, its value can fluctuate greatly depending on market conditions.
Therefore, even if you make a mid- to long-term investment, you should trade in a way that increases the quantity corresponding to the profit while recovering the purchase principal as much as possible.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
SOL buy zoneSOL forming a nice ascending wedge. The SOL/BTC pairing is looking healthy also.
Looking to take longs on the lower support for max risk/reward. Or if we do get the breakout with decent volume (i think unlikely given bitcoin right now), then we could long the retest of the resistance as support.