SOLUSDT, We are going to re-test again the pivotHello everybody
In a year ago, we seen that SOLANA did something unexpectable sharp upward movement, Solana is one of the amazing ecosystem in blockchain.
According to the chart, as you can see the price break the trendline but its not matter for us because we are trading according to the trend and because of this reason we should wait until the price re-test again the resistance pivot zone level and then take short position until the main sensitive pivot zone that we shown it on blue box.
Becareful about FOMC EVENT that can impact to all financial and risky market.
This is just analysis for giving trend traders that wanna need a little for take better view of analysis.
If you wanna take with this analysis becareful and dont take any position without stop loss and observer to your capital management.
JUST ADVICE : LEARN SOMETHING THAT HELP YOU HAVE BETTER LIFE
Good Luck
Abtin
Previous analysis :
SOLBUSD
SOL (Solana) Coin Analysis 03/04/2022Fundamental Analysis:
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 6 in the CoinMarketCap ranking as of April 2022.
This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an all-time high (ATH) above $60, and it has been climbing since then and made a new All Time High of 260, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $260 on November 06, 2021.
Solana has received much praise for its speed and performance, and has even been tipped as a rival that can compare to Ethereum and challenge the dominant smart contract platform. However, the network has been plagued by repeated outages that have impaired its price and aspirations to be the "Visa of crypto." Furthermore, its ecosystem is accused of favoring venture capital investors with unfair tokenomics.
This has led to a retrace in the price of SOL as of February 2022, and more short-term bearish price action cannot be ruled out. However, in the long run, Solana should appreciate thanks to strong support from exchanges like FTX.
Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.
The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.
Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.
In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market.
The SOL token distribution is as follows:
16.23% went towards an initial seed sale,
12.92% of tokens were dedicated to a founding sale,
12.79% of SOL coins were distributed among team members
10.46% of tokens were given to the Solana Foundation.
The remaining tokens were already released for public and private sales or are still to be released to the market.
Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI).
The current CoinMarketCap ranking is #6, with a live market cap of $44,775,942,866 USD. It has a circulating supply of 325,986,610 SOL coins and the max. supply is not available.
We have Analyzed the Market Capitalization of this Asset:
Technical Analysis:
There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle.
The bullish Trend has already Started and we can notice the Strength.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is at 48.6% Fibonacci Retracement level from its ATH; it means that, it has broken the 61.8% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area .
The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved.
The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates.
Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
Our Past Analysis:
Initial Asset Acquisition:
SOL (Solana) Coin {Market Cap} Analysis 03/04/2022Fundamental Analysis:
The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 325,986,609.90 SOL of these have already entered the market.
The SOL token distribution is as follows:
16.23% went towards an initial seed sale,
12.92% of tokens were dedicated to a founding sale,
12.79% of SOL coins were distributed among team members,
10.46% of tokens were given to the Solana Foundation.
The remaining tokens were already released for public and private sales or are still to be released to the market.
Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X return on investment (ROI).
The current CoinMarketCap ranking is #6, with a live market cap of $44,775,942,866 USD. It has a circulating supply of 325,986,610 SOL coins and the max. supply is not available.
Technical Analysis:
There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is at 48.6% Fibonacci Retracement level from its ATH; it means that, it has broken the 61.8% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area .
The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved.
The Asset is at the Accumulation Level Currently, which means soon the smart money will Flow in it and the Price Value will get Pump and Appreciates.
Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
SOLUSDT: It will form new lowsHello Traders!
SOL is ready to form a new low and I am expecting that its low will end at 72.88 which is my true reversal point. It's about 25% depreciation.
You might see noticed something different about how I plot trendlines and how I plot arrows. Believe me, 99% of people are plotting the line in the wrong way because they are taught wrong and they are also teaching wrong and unlimited people lost everything because they were also taught wrong.
I might not teach you again so you are lucky that you read this message and you found something mind-opening.
If you are new then you won't understand anything so first read some books for a better trading career and then apply my method.
Whenever there is correction/consolidation the first pattern ends with the first breakout from both sides. It does not expand more.
The next pattern starts with the two tops and two bottoms. What gurus teach their premium students is that whenever you see a breakout from the upside you will buy and whenever you see a breakout from the downside you will sell (It never works, after learning this be their guru and teach them so their students stop losing money). In my method we will do the opposite whenever we see a breakout from the upside we will sell till the breakout of the bottom. Before taking another trade we will draw the second trendline starting from the top(1) where we will connect it from the top with the High that broke the previous trendline(2). In the same way, when the market broke the bottom trendline we will buy it till the break of our new trendline from Top. It will continue this 3/4 times then we will see an impulse wave and with that impulse wave, this Money generating pattern will end.
Let's hope the trend will change and people will start to provide correct knowledge.
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Solusdt: Time to fallHello traders!
I am expecting a reversal from 102 price. This drop will take Sol to break the previous low.
We have already done this big sell target in Sushi and now this time is to gain profit from SOL.
Stoploss is -2.5%
Target is +22%
Suggested leverage 12x
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(SOLANA) IS IT TIME TO BUY AGAIN ? 🤔Hello everyone !
Today H₿ Capital is analyzing SOLANA based on a Weekly chart 📈
The « Up only » token Solana recently experienced a fall of 69% from its previous ATH. Is it time to buy ?
What we can see :
- The weekly Kijun has been lost on the last weekly candle ( 👎)
- At the moment, prices are sitting on the MA50 weekly ( 🥵 )
- VPVR indicates big holes that could be filled until prices reach 55$ area ( 🥵 )
- There is nice regular bullish divergence on the RSI ( 👍 )
- Volume pressure is declining ( 👍 )
- Slow Stochastic is very low ( 👍 )
- Spreads are negative ( 👍 )
What we can expect :
- If Solana fails to hold its MA50, we can expect prices to reach the intermediary lower line and/or the lower line of the pitchfork which coincides with the Kumo/cloud and the VPVR last big holes located at 55$.
- If Solana manages to hold its MA50 weekly and regains its weekly Kijun, we can expect prices to reach higher levels. We can target each lines of the pitchfork until reaching the last upper line of the PF.
Regarding the price history, we can easily target potential top areas based on these conditions :
« CHOP Index » very low (usually between 28 and 16 level) + « RSI » and « Stochastic » —> Overbought = Potential TOP
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
SOL/USDT 12HOUR UPDATE Welcome to this quick SOL/USDT analysis.
I have tried my best to bring the best possible outcome to this chart.
Reason of trade:- SOL/USDT 12hour analysis look bullish chart and MACD bullish crossover buy green zone
Entry:- buy green zone
Traget:- 75% to 100%
Stop loss:- Greenline downside candle close
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Solusdt: Wait for a correct timeHello Traders!
The market looks bullish but there is a possibility that bears will take over one more time and it will be a final dump before a beautiful rise.
There is a true reversal point in Solana at 151.08 and I am expecting that market will swing from there and then it will break the previous low. After breaking the previous low we will see a reaction pattern and that's the prime time to enter buy entries.
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SOLBUSD analysisThe graph will do a downtrend to the C point, as shown in the pic above. The collection will be around @ 176 - 123.
SOLANA triangle breakoutSolana broke up this triangle 📐 and I think there is chance for run to 237 and even higher. Setting BUY LIMIT order to catch the pullback and add to my bag. Check the other triangle breakouts in related ideas. SOL , just show us some love!💕
ENTRY : local high @ 149
SL : local low @ 128
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 237
RRR : 4.3
INVALIDATION : when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
SOL/BUSD Symmetrical Triangle Breakout Target PricesTP Targets of SOL/BUSD following a breakout from the symmetrical triangle pattern, which is predicted to ultimately hit the 1.618 fib level.
AND with the daily MACD just hitting green, I'd say it's not too late to buy/open long position.
SOLTrend still bearish, if it will brake the channel wait for confirmation and aim for the first target at ~153,second target 165.0. If it will fail to brake the channel, will retest at 139, if fails will drop and continue channel bearish trend.
Not a trading tip, this is just an idea.:)
SOL/BUSD a good bounce may lead to another new ATH.Here is my analysis on why SOL looks its going to break the previous ATH.
What are your thoughts?
SOL/USD - Time to be careful on Solana! 🙃As you can see from this simple chart, Solana appears to be at the end of wave 5 in a beautiful Elliot Wave structure. Once this structure is completed, expect a correction, maybe an ABC towards our support around $50.
I don't exclude another green week, but this is not the time to buy. This is when you slowly secure profits and sell. The waves are perfect both on USD and BTC pair, so there are no divergences here. Chart is pretty clear.
On daily, MACD is starting to curve down, if we have a bearish cross that is your last signal to exit. Because holding then has no point unless you play the long game.
For now best to be cautious and use your cash for better opportunities. SOL already gave us an amazing rally.
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