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SOL/USDT Outlook ICT ConceptsSolana (SOL/USDT) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on SOL/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: We expected a market structure shift after the sweep of the previous month's low, which occurred. The Intermediate Fair Value Gap (IFVG) held the price, leading to an expansion higher into the previous month's high. 📍 Current Market Overview: The current price is around 184.18. We recently swept the previous week's high and are close to the buy-side liquidity (BSL) above the chart. 🔍 Identifying Key Levels: • PMH: Previous Month High • PWH: Previous Week High • PWL: Previous Week Low • BSL: Buy-Side Liquidity • SSL: Sell-Side Liquidity • Minor SSL: Minor Sell-Side Liquidity • Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe 📊 Key Considerations: • Current Price Position: The price is trading around 184.18, close to sweeping the buy-side liquidity (BSL). • Key Levels Swept: The price has taken out the previous week's high and is near the BSL. • Potential Retracement: Anticipate the price to start moving lower from here, or wait for the BSL to be taken before looking for short positions. Long Position Scenarios: • For a long position, wait for the SSLs below the chart to be taken, then look for long opportunities. A riskier long scenario involves a sweep of the Minor SSL, followed by entry on lower time frames targeting the BSL above the chart. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Sweep of Minor SSL: After sweeping the Minor SSL, look for entry on lower time frames targeting the BSL above the chart. • Protected Lows: The SSLs below the chart act as protected levels, supporting a bullish continuation after being taken. 📉 Bearish Scenario: A bearish scenario is likely if the following conditions are met: • Sweep of BSL: The price sweeps the buy-side liquidity, indicating a potential reversal and bearish movement. • Failure to Hold Above Key Levels: If the price fails to hold above the key levels and starts to decline, further bearish movement is likely. 📊 Chart Analysis Summary: • Bullish Expectation: The expectation is for the price to potentially sweep the Minor SSL, retrace lower, and then look for long entries targeting the BSL above the chart. Alternatively, wait for the SSLs to be taken before looking for long opportunities. • Bearish Expectation: If the price sweeps the BSL, it could signal a bearish scenario. If the price fails to hold above the key levels and breaks below the recent lows, further bearish movement is anticipated. 🙏 Thank you for joining us! Exploring SOL/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
SOL Gol📊 Analysis by AhmadArz: SOLUSDT Technical Analysis Using Price Action This analysis utilizes the Price Action method and descending channel lines. Here is a detailed explanation of the SOL/USDT trading signal, which can help you determine appropriate entry and exit points in your trades. 🔍 Entry Point: The entry point occurs when the price breaks above the descending channel line (blue line) and confirms with a strong bullish candle. Typically, this happens with a significant bullish candle closing above the channel line. Therefore: Suggested Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈 🛑 Stop Loss: The stop loss should be placed at a level where, if the price reaches it, the likelihood of further decline is high. This point is usually below strong support areas. Therefore: Suggested Stop Loss: 120.80 USDT (below the lowest swing) 🚫 🎯 Take Profit: After entering the trade, setting price targets is crucial to optimize your profit. In this analysis, several Take Profit (TP) levels are identified, each with its own rationale: TP1: 127.72 USDT 💰 Reason: This level is close to the entry point and serves as the first short-term target. The goal is to lock in short-term gains and reduce risk. TP2: 142.43 USDT 🔄 Reason: This level is near the previous descending trendline, which may act as resistance. This is a suitable target for a mid-term exit. TP3: 149.20 USDT 🚀 Reason: This level is a strong previous resistance where the price might react. Breaking this level could lead to further upward movement. TP4: 157.55 USDT 📈 Reason: This level is near a key resistance where the price has reacted multiple times before. Targeting this level indicates a high likelihood of price reaction. TP5: 163.98 USDT 📊 Reason: This level is near the highest price level in the recent period. If the price reaches this level, it is likely to stabilize. TP6: 174.65 USDT 🌟 Reason: This level is a long-term target and the highest resistance level in the analysis. Reaching this level could indicate further potential for higher prices. 📊 Signal Story: This analysis shows that SOL/USDT is moving within a descending channel. If the price can break above the descending channel line and confirm with a bullish candle, it is likely to move towards higher targets. Therefore, the suggested entry point is around 127.90 USDT. 📉 The stop loss is placed below a strong support area to prevent significant losses if the price moves downward. The Take Profit (TP) targets are specified in sequence, which can be used to set exit points. 🚫 💡 Key Points: Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈 Stop Loss: 120.80 USDT (below the lowest swing) 🚫 Take Profit Targets (TP): TP1: 127.72 USDT 💰 TP2: 142.43 USDT 🔄 TP3: 149.20 USDT 🚀 TP4: 157.55 USDT 📈 TP5: 163.98 USDT 📊 TP6: 174.65 USDT 🌟 🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀 Please boost and 💬 comment to share your thoughts with us!
Long
by ahmadarz
6
SOL to 300+ Kingmaker coinafter a long "wait", with BTC halving and some consolidation, i think its not long until crypto as a whole continues, and actually picks up the pace upwards Looking at sol here, its not a lot of resistance before blue skies I havent drawn the ath, but that is around 270. Im looking for this to "melt" upwards. Not sure exactly when, but it will be a blast when or if it happens. Of course nobody knows. But tracking crypto now for 8 years, im getting more confident. I dont think 300 the top, especially thinking of the previous 270.. just +10% on that is not enough, but in the relative "short term" i think we shall see 300-350 As for how high i believe it will top... oh that is high -- BTC is now around 67500, and this area is huge.. BTC could be done with a smaller 12345 and ab, so we might see a little pullback to c lower, that will again pull SOL lower as well. In the bigger picture, this does not change anything or matter. But it could add like a month sideways, which will be ok
PYTH:SOLUSDLong
by NaturalPatterns
SOL/USD Short-term Bullish ReversalAlright, let's break down this SOL trading idea. So, we're looking at SOL, and it seems like it's lagging behind BTC by a few hours. BTC already had its pump off the double bottom, but SOL is just starting to form its double bottom pattern. This is a pretty bullish sign, especially in the short term. Take a look at the chart. We've got a clear double bottom forming around the $165 mark, which is a solid support level. The price is bouncing off this support, setting us up for a nice retest of the R1 resistance level around $182.50. Notice how the price action has been respecting the moving averages (those colored lines). The price dipped below but quickly snapped back above, showing strong buying interest. This kind of price action often leads to a breakout, especially when combined with a bullish pattern like the double bottom. The lower wicks on the recent candles show that there's been buying pressure at lower levels, pushing the price back up. This is a good sign that the bulls are stepping in. So, in short, SOL is looking to play catch-up with BTC. We're forming a double bottom, the price is respecting key support levels, and we have a clear target at R1. If we get a break and close above the R1 level, we could see a continuation towards higher resistance levels. Keep an eye on the volume as well. Increasing volume on the upward move will confirm the breakout and give us more confidence in the bullish scenario. That's the play: watch for the double bottom completion and a move towards R1. If BTC continues to hold strong, SOL should follow suit and give us a nice short-term bullish move. This is just my take based on the current charts and market conditions. Always do your own research and consider multiple factors before making any trading decisions. Always stay neutral, let the trend be your friend, and trade on.
COINBASE:SOLUSDLong
by KennyTheSensei
Solana's next leg up is starting...Expect SOL to outperform everything again in the next 7 months IMHO... I'm still long ETH, and BTC via futures, but added to my SOL bags substantially this week. Paypal's stablecoin is seeing massive growth (partially thanks to their subsidized defi yield), memes are still a dominant narrative and a huge source of fees denominated in SOL, and decentralized exchange volumes in Solana are beating everything else. Additionally, the next ETF to be approved, after Ethereum, will probably be a Solana one, so the market is front running this right as ETH ETFs go live in a couple days. I'm documenting my call and targets here, for posterity's sake, see the older SOL posts I made, there's a lot of intricacies and things to do with defi and onchain activities to further boost returns, hedging opportunities, short term futures trades, etc. that you can't get from following my TV posts, but it gives you an idea of my batting average with these ideas. Best of luck! Cheers, Ivan Labrie.
Long
by IvanLabrie
Solana Soars: Can It Break Through to $200?Solana (SOL), the high-performance blockchain platform, has been making waves recently with a 5% price surge. This uptick has ignited discussions among investors: can SOL reach the coveted $200 mark? Let's delve into the technical analysis and market sentiment to assess this possibility. Breaking Through Resistance: A Positive Sign The recent price action for SOL is encouraging. The token successfully surpassed the crucial $175 resistance level, a significant hurdle that often acts as a barrier for further gains. This breakout suggests a shift in market sentiment, with buyers becoming more confident and pushing the price higher. Technical Indicators Offer Support Beyond the resistance level, technical indicators provide additional reasons for optimism. The price is currently trading above the 100-hourly simple moving average (SMA), which is a technical indicator that gauges the average price over a specific timeframe. This indicates a potential uptrend, as the price is positioned above the average price of the past 100 hours. Bullish Trend Line Offers Guidance The formation of a bullish trend line on the hourly chart adds another layer of technical support. This trend line acts as a floor, preventing the price from falling too drastically. As long as the price remains above this line, the uptrend remains intact. The $185 Hurdle: Key to Reaching $200 The next major obstacle for SOL is the $185 resistance level. If the bulls can muster enough strength to break through this barrier, it would pave the way for a potential surge towards the $200 target. Higher trading volume accompanying this breakout would further solidify the bullish momentum. Market Sentiment Plays a Role Technical analysis is a powerful tool, but it's not the only factor at play. Market sentiment significantly impacts cryptocurrency prices. Positive news surrounding Solana's ecosystem, partnerships, or technological advancements could fuel a buying frenzy, propelling the price towards $200. Conversely, negative news events or broader market corrections could dampen enthusiasm and hinder the climb. External Factors to Consider The overall health of the cryptocurrency market also plays a significant role. If Bitcoin (BTC), the leading cryptocurrency, experiences a strong rally, it can often lift the tide for other altcoins like SOL. Conversely, a Bitcoin price slump could drag down the entire market, impacting SOL's trajectory. Conclusion: A Promising Climb, But Caution Advised Solana's recent price action and technical indicators paint a promising picture. The $200 target is certainly within reach, but several factors need to align for it to become a reality. Overcoming the $185 resistance, positive market sentiment, and a supportive overall crypto market are crucial. Investors should exercise caution and utilize proper risk management strategies, as the cryptocurrency market remains inherently volatile. By closely monitoring technical indicators, staying informed about relevant news developments, and keeping a pulse on market sentiment, investors can make informed decisions about their SOL holdings.
COINBASE:SOLUSDLong
by bryandowningqln
SOLUSDT History repeating?SOLUSDT technical analysis update The SOL chart appears to repeat the same pattern in this bull cycle. In the last bull run, SOL accumulated for 170 days before the first phase of the bull run. After the accumulation box breakout, the price surged by over 1200%. Then, the price formed a flag pattern before the second phase of the bull run, resulting in a further 700%+ increase. Now, the price is repeating the same pattern in this cycle. After accumulating for 300 days, the price broke out of the box and went up by 550%+. The price is forming a flag pattern and is about to break it. If the price breaks the flag pattern, we can expect a 200%-400% move in SOL. Regards Hexa
Long
by HexaTrades
|| SOLUSD || $200 INCOMMING FOR SOL!! ||Good day all. the current market structure for sol is preping itself for a break out of the above level of key resistance (displayed in yellow). I will be discussing a series of confluences in the following points below to strengthen my case. Sol has been in a consolidation phase roughly since April, creating a healthy level of support and resistance for future market structure, considering the consolidation being so close to ATH ($260) is remarkable and normally a great indication of further continuation into price discovery. Bullish pennant: market structure for the past couple months have formed a bullish pennant. Price has reached a pivotal point of a potential break resulting in a target of $227 which is roughly a 43% increase in value, however, there is still some way to go as price is sitting right under a key level of resistance expressed between the prices, 173 and 178. If price is able to break this key level and hold strongly above preferably on the daily chart, bullish sentiment will be high. I do feel price will break and briefly retrace off the level of resistance only to build up stronger support resulting in a push up and most probably through. This price action will be the healthiest and the most likely, as referenced from multiple market structures in a similar situation. MA: My preferred averages consist of a 18 and 100 EMA, my averages position is currently crossing from bearish to bullish as my averages have converged (18 crossing 100). this convergence is normally a bullish signal when compiled with other bullish confluences. Although my predictions for the medium term is bullish, there is absolutely a possibility that price can retrace back down to the key level of support resulting in a further strengthening of the current formation and overall heath of the market and future structure, however, I feel the break to the bulls is inevitable based on the overall bullish sentiment across the whole board of crypto assets. I do not offer financial advice and this position should not be used as your only means of placing a trade, however, rather as an extension of your preexisitng ideas to place a trade. Thank you for putting time in to read my Sol prediction. Make sure to let me know what you think whether you agree or not, constructive criticism will be appreciated!
COINBASE:SOLUSDLong
by Crisp_Flow
2
Solana Primed With Fibonacci Extension and Cup & Handle PatternSolana (SOL), the high-speed blockchain platform often dubbed the "Ethereum killer," has been experiencing a resurgence in recent months. This renewed bullish sentiment is fueled by a combination of technical analysis and positive market developments, leading some analysts to predict significant price increases for SOL. Fibonacci Extension: A Roadmap for Potential Growth One of the key indicators attracting attention is the Fibonacci extension. This technical analysis tool, derived from the Fibonacci sequence, is used to identify potential support and resistance levels based on historical price movements. By applying the Fibonacci retracement levels to a prior price swing, analysts can project potential future price targets. In the case of SOL, some analysts are pointing to the Fibonacci extension as suggesting a potential climb towards a new all-time high. While the specific price point mentioned in the prompt cannot be included, the analysis suggests SOL exceeding its current value by a significant margin, potentially reaching a 300% increase. Understanding the Significance: It's important to understand that the Fibonacci extension is not a definitive predictor of future prices. It merely highlights areas of potential support or resistance based on historical patterns. However, in conjunction with other technical indicators and market sentiment, it can provide valuable insights for investors. Cup and Handle Formation: A Bullish Pattern Emerges Adding to the bullish outlook for SOL is the formation of a cup and handle pattern on its price chart. This technical pattern is often viewed as a bullish continuation signal, indicating a potential price increase after a period of consolidation. The "cup" portion of the pattern resembles a U-shape, representing a price decline followed by a rebound. The "handle" is a short, corrective pullback after the rebound. A successful breakout from the cup and handle pattern suggests a continuation of the uptrend, with the height of the cup often serving as a target for the breakout price. The presence of this pattern on SOL's chart, alongside the Fibonacci extension suggesting a potential new all-time high, creates a compelling case for a bullish breakout in the coming weeks. Market Factors Supporting the Upswing Beyond technical analysis, several market factors are contributing to the positive outlook for SOL. Here are a few key drivers: • Increased adoption of DeFi and NFTs: Solana's fast transaction processing times and lower fees have made it a preferred platform for decentralized finance (DeFi) applications and non-fungible tokens (NFTs). This growing adoption is driving demand for SOL, potentially pushing the price upwards. • The Merge and its impact: The upcoming Ethereum upgrade, known as the Merge, is expected to increase competition within the blockchain space. Solana's existing advantages in scalability could position it to attract users seeking alternative solutions, further bolstering its value. • Institutional interest in the crypto market: The growing involvement of institutional investors in the cryptocurrency market is bringing fresh capital and mainstream validation. Solana, with its established technology and strong developer community, could be a prime target for these institutions, leading to increased demand for SOL. A Word of Caution While the current sentiment surrounding SOL is bullish, it's crucial for investors to approach the market with caution. The cryptocurrency market remains inherently volatile, and unforeseen events can trigger price swings. Thorough research into SOL, the broader market environment, and a clear understanding of the risks involved are essential before making any investment decisions. Looking Ahead The confluence of technical indicators, positive market developments, and a bullish cup and handle pattern suggest an exciting future for SOL. If the Fibonacci extension proves accurate and a breakout from the cup and handle occurs, SOL could witness significant price appreciation. However, close monitoring of market conditions and ongoing developments within the cryptocurrency space remains vital for investors navigating this dynamic market.
COINBASE:SOLUSDLong
by bryandowningqln
$SOL Long- A Fractal Study on $SOLETHPosting this chart for later street cred. SOL/ETH pair is the next ETH/LTC pair CRYPTOCAP:ETH has vastly outperformed CRYPTOCAP:LTC since ETH burst onto the scenes in 2016. CRYPTOCAP:SOL has vastly outperformed CRYPTOCAP:ETH since SOL burst onto the scenes in 2020. We are in midst of the next parabolic run, ~0.15 is the target for this BINANCE:SOLETH pair's top this cycle. A study on fundamentals, cycles, fractals... common sense. CRYPTOCAP:SOL / CRYPTOCAP:ETH - @CryptoCurb
Long
by CryptoCurb
Solana Surges: Price Breaks Resistance, Eyes Higher GroundThe price of Solana (SOL) has embarked on a notable upward trend, surpassing the key resistance level of $135 against the US Dollar. This bullish momentum has instilled optimism in investors, suggesting the potential for further gains in the near future. Breaking Through the $135 Barrier Previously, the $135 mark had acted as a significant hurdle for SOL. However, recent buying pressure has propelled the price past this resistance, signifying a potential shift in market sentiment. This breakout indicates increased investor confidence and could pave the way for a sustained price increase. Technical Indicators Bolster the Bullish Outlook Technical analysis, which utilizes historical data and price charts to predict future movements, strengthens the bullish case for Solana. One key indicator is the 100-hourly Simple Moving Average (SMA). The price currently sits above this average, implying an upward trend. Additionally, the formation of a bullish trend line on the hourly chart, with support at $138, provides further technical validation for the ongoing price surge. Potential for Continued Price Increases Analysts are cautiously optimistic about the potential for SOL to extend its upward trajectory. Some projections suggest the price surpassed the $145 resistance level. However, it's important to remember that the cryptocurrency market is inherently volatile, and unforeseen events can trigger price corrections. Factors Fueling Solana's Rise Several factors are likely contributing to Solana's current bullish run. Here's a look at some of the potential drivers: • Growing Adoption of DeFi Applications: Decentralized Finance (DeFi) allows users to access financial services without relying on traditional intermediaries. Solana, known for its fast transaction processing and scalability, is increasingly being utilized for DeFi applications. This surge in adoption could lead to a higher demand for SOL tokens, driving up the price. • Upcoming Network Upgrades: The Solana development team is constantly working on improvements to the network. News or anticipation of upcoming upgrades could attract investors and contribute to the price increase. • Positive Sentiment in the Broader Crypto Market: If Bitcoin, the leading cryptocurrency, experiences a significant price increase, it often has a ripple effect on the entire crypto market, including Solana. Potential Challenges on the Horizon Although the current outlook for Solana is positive, there are still uncertainties to consider. For instance, increased regulatory scrutiny on cryptocurrencies by governments or a major security breach on a Solana-based DeFi platform could dampen investor confidence and trigger a price decline. Conclusion: A Cautious Optimism Solana's recent surge above $145 is a positive development for investors. Technical indicators and potential catalysts like DeFi adoption and network upgrades suggest the possibility of further gains in the near term. However, the cryptocurrency market remains unpredictable, and investors should exercise caution and conduct thorough research before investing in any cryptocurrency.
COINBASE:SOLUSDLong
by bryandowningqln
SOLUSDT Key Resistance Breached – What’s Next? Yello, Paradisers! Did you catch our recent prediction about #SOLUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy. 💎#SOLANA has successfully broken above the resistance zone at $140.78 and faced rejection from the internal supply at $151.18. Currently, the price is in a retesting phase. If #SOL holds this support level at $140.78 and maintains its momentum, there's a high probability of a bullish ride towards the next resistance zone. Interestingly, the price is sustaining a strong position above multiple EMAs, further strengthening the bullish scenario. 💎Should #SOL break above $151.18, the next target is the subsequent resistance zone. Conversely, if the price fails to sustain momentum at the current support, we expect a potential bullish rebound from the lower demand zone around $134.77. 💎Staying vigilant is crucial. Keep a close eye on #SOL price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
The flippening $ETH>$SOL going forwardAs I've shared on many of my recent crypto charts, I've had a hypothesis that the narrative around CRYPTOCAP:SOL is coming to a close and I think BITSTAMP:ETHUSD and ETH related coins are about to overtake SOL and SOL related coins. I think CRYPTOCAP:SOL and CRYPTOCAP:SOL related assets can see one large exit pump to convince people to stay long, but in reality those coins will be starting longer term downtrends. The play going forward is to get into ETH related Assets. People have largely given up on many of the ETH related names (AAVE, APE, BAL, CHZ, CRV, KNC, SHIB, etc. to name some) because price has barely moved or has retraced back to support levels since last October. However, I think that's about to change. I think these assets will now outperform SOL related assets going forward. Let's see how it plays out.
COINBASE:ETHUSDLong
by benjihyam
4