SOLana. Classic bear flag on the 15 minuteSOLana. Classic bear flag on the 15 minute. Prepare for a move down.
SOLUSD
SOL SOLANA Trade IdeaSOLANA has experienced recent downward pressure but is presently trading within a crucial support zone, as illustrated on the chart. In the event that the Dollar Index (DXY) sustains and strengthens its position, SOLANA might potentially move towards additional downside targets, given the typical inverse correlation between DXY and SOL. It is important to underscore that this analysis is offered solely for educational purposes and should not be interpreted as financial advice.
SOLANA: Buy zone 77-82If BTC price continues to correct, expect the entire market to follow. A goo buy zone could be in the 77-82 area. to invert the short term bearish trend we need a strong close above 94.
Solana symmetrical wedge breaking down. Look for more downside..Solana is breaking down at a large symmetrical wedge.
Daily time frame looks bearish. MACD weakening trend.
Volume is breaking down.
Just testing the top of the most recent VWAP range. If it continues down, look for support around the white VWAP line some where between the two yellow support areas.
BINANCE:SOLUSD
COINBASE:SOLUSD
SOLUSDT
SOLUSD Bearish chart patternCOINBASE:SOLUSD 📉 Solana Analysis: Descending Triangle Alert! 🚨💔
Hey Solana traders! 🌐📉 Ready for a deep dive into the charts? Let's unravel the current Solana scenario. 🕵️♂️💹
📉 Descending Triangle: 🐻 Brace yourselves – we're in a descending triangle, a bearish chart pattern signaling potential downward pressure. 📉🔻
🧐 Bollinger Band Indicator: Trending below the middle Bollinger Band, a bearish signal that could suggest further downside. 📊📉
🎯 Fibonacci Analysis: Fibonacci doesn't lie! A potential price target of $62 is on the radar, with rejections in the golden pocket indicating a crucial resistance zone. 🎯💰
📉 200-Day EMA: Eyes on the 200-Day Exponential Moving Average (EMA) – a key indicator that could influence the overall trend. 📉📈
🤔 What's Next?: As we navigate these chart patterns, share your thoughts! What's your take on Solana's potential moves? Let's discuss strategies and insights. 💬🚀
Remember, this isn't financial advice – just chart analysis in the crypto jungle. 🌐🔍
Comment below with your Solana predictions and let's trade smart! 🚀📈 #SolanaAnalysis #CryptoCharts
in SOLUSDT market is forming a declining wedge means the marketthe market is forming a down wards wedge it means the market will go up
SOLUSD - MY BEARISH SCENARIO (TARGET $67)I'd like to first mention that the downward breakout is only justified IF Bitcoin does the same.
What do we see? (follow the steps)
1) The high that set the downtrend.
2) Price wicking in the daily FVG that will serve as our base ('support').
3) A false breakout that is a major bearish signal, paired with the fact that BTC is in my opinion bearish too.
4) A short structure with a low taken out and retracement within a bearish FVG (in this case a 4H structure).
5) The expected dump where BTC does too.
Hopefully you enjoyed this short analysis and I wish you a lovely day!
Happy trading!! ;)
Solana still need to crash more to gain momentum solona still show price strength and i expect more correction to the range between 70 to 75 ,
anyway solana is still show strong strength and strong momentum
SOL Critical momentSolana is ranging on the trendline, actually it failed to break above the red box that is a strong resistance. We have two possibility here, break above the red box and pump, or range below the trendline and drop to local bottom
⚡️SOLUSDT CMC TRADING ⚡️ BULLISH BREAKOUT SOLUSDT has initiated a bullish breakout from a previously bearish channel, indicating the possibility of upward momentum. The current price trend and traders' sentiment suggest a potential for a revisit to the recent highs, reaching approximately $125.
Solana Breakout: LONG SOL Had reached the ending of a Triple Three formation and Ready to end the Triangle with a breakout.
Follow for more Ideas using Elliot Wave Principles
SOLANA ⇒ Still RUNNINGHello guys...
as you can see at the first place btc touched the supple and demand zone and after that made a hidden QM pattern!
at the same time, the price broke up the descending channel with full body candle!
I believe the main target is at DP so I mean 116$ level!
let's see what happens!
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SOLANA: strong PA 111 if breakout confirmed Solana has recently encountered strong support at the 200 SMA and has initiated a rebound from this key level. Currently, there is a convergence of multiple moving averages in this area. Should this level hold, particularly if Bitcoin holds, we can anticipate a rally, potentially reaching 111 or even surpassing this threshold.
solusd bearish chuvasov fork similar to 2022. 1 year fall nextSolana forming top similar to 2022 in form of chuvasov fork.
This could be a signal of long time one year bear market.
Solana, another 100% pump in the next weeksSolana is very bullish. The uptrend is strong, and continuation to the upside is very likely because the ascending parallel channel holds the current price. I do not want to see a breakdown below this channel because that would be a very bearish sign on the other side. From the Elliott Wave perspective, we need to complete the impulse wave 12345. I am expecting a final wave (5) with a 100% profit in the next few days or weeks. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
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.
To learn more about this project, check out our deep dive of Solana.
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.
SOL Is not done yet !! Solana is not over yet ... Expecting to see a move towards 135 ... Current low time Frame Structure is getting ready for a move.
SOLUSD approaching 3 month trend support. Move likely soon.Solana is approaching the med-term trend line which is also at the point of a huge symmetrical wedge.
Solana is going to make a BIG move soon. History says trend is your friend so if that holds true look for a test of the top of the channel.
If it breaks through the top of the channel and resistance trendline and closes above on the daily, look for a big move higher, while testing the two previous recent highs.
If the price breaks below the trend on the daily, look for the price test next support area down.
#Solana #SOL #SOLUSD #SOLUSDT
Solana Same Fate As EOS Buyers BewareI just dont want to see people get burned on this thing again. A dump is incoming. Not financial advice.
SOL Outlook: Solana to outperform Ethereum in Uptrend?Date: January 12, 2024
Overview:
Solana's SOL/USD pair has been evaluated within a dual channel setup indicating two potential market directions. The green channel outlines a bullish trajectory, while the red indicates a bearish perspective. Alongside, key historical retest levels and the Z-Score Probability Indicator provide a multifaceted view of the market's sentiment and potential trend strength.
Channel Analysis:
The green bullish pitchfork highlights a steady uptrend, with SOL recently testing the mid-line of this channel, which could act as dynamic support.
The red bearish pitchfork is not currently in play but serves as a visual guide to potential downturns should the market sentiment shift.
Key Levels:
Key Historical Retest Levels/Supports:
SOL has maintained levels above key historical supports at $49.91, $40.15, and $26.36. These levels are crucial for maintaining the bullish narrative.
Conditional Probable Boundaries: Future resistance levels are identified at $97.18 (Boundary 1), $165.44 (Boundary 2), and higher at $237.80 (Boundary 3). Breaching these could signal continued bullish momentum.
Z-Score Probability Indicator:
The Z-Score is currently above the zero line, indicating that price is deviating from its mean to the upside. A Z-Score above 2 often signals a strong bullish sentiment, while readings above 3 could imply overbought conditions and potential for a pullback.
The Z-Score's mean reversion tendency is apparent, which will be crucial to monitor for signs of trend exhaustion or continuation.
Market Context and Fundamentals:
SOL’s performance should be interpreted in light of the overall health of the blockchain and DeFi ecosystem, as well as network-specific updates, scalability improvements, and adoption rates.
Fundamental news, such as partnerships, technological advancements, or regulatory changes, can have a significant impact on SOL's price and should be monitored closely.
Potential Strategy:
Bullish Scenario: Traders might look to add to or initiate long positions on retests of the key historical supports, with the conditional probable boundaries as potential profit-taking points.
Bearish Scenario: Should SOL break below the key supports and the mid-line of the bullish pitchfork, it might indicate a shift in market sentiment, and traders could look for short positions targeting the lower levels of the bearish pitchfork.
Risk Management:
Given the current positive Z-Score, it's advisable for traders to be watchful of potential pullbacks and set stop-loss orders accordingly.
The pitchfork channels can be utilized to adjust risk parameters as SOL navigates through these projected paths.
Conclusion:
SOL/USD is showing signs of bullish behavior, with critical supports holding strong. The Z-Score suggests that the market is currently optimistic, with a watchful eye on the upper levels for signs of overextension. Traders should remain vigilant and responsive to price action at key levels and fundamental news that could sway market direction.
This analysis is provided for informational purposes only and is not investment advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
SOLANA: Road to 111 Solana's price is following an uptrend after rebounding from 85. The trend is your friend and it could lead to 111. 94.75 has been tested a couple of times and were good buy opportunities. 105 will be a tough one to take and probably will need the help of a BTC upmove.
SOLANA: If back above 94.75 then moon Solana partially retraced the recent upward movement and is currently below the important support level situated at 94.75. In my opinion, if the price can close a couple of candles above 95, it would be very positive and 105-110 could be next.
SOLANA : Bull FlagBull Flag Chart Pattern.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
sol long setuphello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
