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SOLUSD

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.
Long
by Xanrox
5
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
CRYPTO:SOLUSD
by tradepsych
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.
BINANCE:SOLUSD
by meloneusk
SOLANA : Bull FlagBull Flag Chart Pattern. ................................................................................................................. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. 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.
Long
by CryptoTrend-Alerts
Solana showing relative strength on two fronts (USD & BTC)SOLANA - KEEP AN EYE ON THE EXITS Solana continues to hold the 21 daily moving average and has relative strength against BTC even with the recent mini BTC pump. Whilst I think we need to keep our eyes on the exit over the coming 2 - 8 weeks these charts continues to look very positive with any BTC upside propelling CRYPTOCAP:SOL higher than BTC in BTC relative terms. As SOL has had a monumental 774% run from June 2023 increasing from $12.50 to $110 today, its time to start considering profit taking. With this in mind, a large portion, maybe 60-70% of the current position I hold will be exited on/sold on a close below the 21 daily moving average (in USD). For now I believe we may be reaching into a frothy peak as the Bitcoin ETF announcement approaches, ahead of which I would see taking profits off the table as a wise decision. We have to remember that the upwards volatility in SOL, the leverage gained relative to BTC, will flip into into downwards volatility in SOL on a BTC decline, resulting in a much harsher sell off than that of Bitcoins correction. I am not predicting that the Bitcoin ETF approval or decline will result in a massive sell off in BTC, but it would remiss of us not to expect a 30% pullback in BTC over the next 2 weeks to 8 weeks as STANDARD BTC behavior at this point in the BTC cycle. If this happens, the price of SOL will likely see much heavier major downside. Lets see what happens over the next 2 weeks and we will check in again. T These perspectives I am sharing are more about framing where we are in this current market and how we might think about protecting ourselves against the typical BTC price behaviors we have come to expect as standard such as the 30% drawdown (which we have not had yet). If your a longer term holder, none of this really matters, you are holding on a longer timeframe. Also important to note that we could see FWB:52K - $58k BTC before such a pull back or, maybe this will be the one time BTC goes into a super cycle? Who knows, we are just looking at the exits and protecting ourselves. Stay Nimble Folks PUKA
by PukaCharts
Solana (and Altcoins) Daily RSI Tells the Story!I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI. Three of these big supports have now been broken below. However, on the price chart only two have been broken. Will that red ascending trendline become the third? My bet is "yes" based upon what the RSI chart is telling me, though, it may spike higher first following Bitcoin ETF approval news. If I am right about this pullback, I don't think Solana will find support until around $65 or so.
COINBASE:SOLUSDShort
by stewdamus
HUGE DUMP COMING FOR SOLANA SOL/USD - RIPIm sorry, I hate being the bearer of bad news but I see Solana taking a huge dump. Short term and long term. The top is in, volume dropping interest leaving the project again. Its just a pump and dump so the big bag holders could dump their bags, now all thats left holding is the FOMOers that bought the top and think this thing is going to thousands or whatver they think. Its insanity, this chain is junk and has proven that over the years with how many halts they had on their chain, still waaay too many bugs to work out of this thing. I dont know what the catalyst will be to make it dump this hard but possibly another major outage or a hack of some sort. No one with any significant capital is investing in this thing, maybe trading it and dumping on the kids who are buying it but not holding it for anything longer than that. As you can see in this correction the way it will play out Solana is going to bounce at the previous supports for a small bounce which will create a head and shoulders and that measured move will be pretty heavy down to low $20 range or even lower possibly $18 before a a pretty decent bounce. After that moves plays out there will be a much larger correction on the higher degree of trend as another much larger head and shoulders pattern is formed. Might sound unbelievable but its not and actually quite likely. Ive seen this way to many times, same exact style of pump and dump over the years with other projects that could never die and are going to change the world. and humanity haha. RSI is pointed straight down MACD is pointed straight down Strong bearish divergence on the daily on the RSI, Momentum, CCI, MFI, and Histogram A death cross on the daily will also likely form as a result of this drop which will bring it to way new lows. Imminent collapse is likely. Good luck out there, this is not financial advice just my opinion.
BINANCE:SOLUSDShort
by Bitgolder
Am I Right to Short Solana? Let's See! {07/Jan/2024My first trade analysis of 2024 on Crypto Currency. Educational Analysis says SOLUSD may move in this range for some time according to my technical. Broker - Binance This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Solana Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check Comment section how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
BINANCE:SOLUSDShort
by VishalBudhrani
3
$SOLUSD In A Parallel UptrendA break of the trend line or a weekly close below the line will end the uptrend. COINBASE:SOLUSD in a parallel uptrend" suggests that the price movement of Solana (SOL) against the US Dollar is exhibiting a consistent upward trend, and the trendlines can be described as parallel. In technical analysis, a parallel uptrend implies that the price is making higher highs and higher lows in a manner that forms parallel lines on a price chart. This pattern indicates sustained bullish momentum in the market for the specified asset. As always, it's crucial to conduct thorough technical analysis and consider other relevant factors before making any trading decisions.
COINBASE:SOLUSD
by AlgoTradeAlert
Litecoin Front Running Solana, SOL Is Going To Crash to $20I noticed this same thing on Bitcoin and did a chart on it go check it out. Solana could be gearing up for a massive crash back down to $20. Litecoin has been front running Solana way ahead like weeks as you can see in the history of the charts. Litecoin could be a good indication of what is to come for Solana and probably any other ALT in this same situation. Just see the chart for yourself. Litecoin runs when Sol falls. Not financial advice. I called the last major SOL drop at the top and people called me crazy. I called the LUNA crash at the top and people called me insane. Good luck out there.
BINANCE:SOLUSDShort
by Bitgolder
18
ORCA: 1st dex on Solana, 2nd overall: 14 to 30xI've been exploring some opportunities in the Solana ecosystem and given the massive dex volume there, I see ORCA as a true gem to be one of the biggest performers in the ecosystem. It was already one of the best 15 performers in the market during 2023 but with only a 270m market cap, it has a lot more upside. I expect a main target of around $70 during 2024 or 2025 but if Solana keeps going nuts, we can see Orca hitting double of that. Looking at the chart from a non log view, we can see we're still early... Overlayed is the Uniswap 2021 fractal from Coinbase - already coming from a higher market cap back then. Good product, good team, right ecosystem and growing crazily and leaving Raydium behind: ORCA.
COINBASE:ORCAUSDLong
by cryptobullethbtcxlm
1
SOLANA And the Full Picture ( More informative chart )Hi Everyone; today we have one of the best risk to reward Investment opportunity it is more than 1000 times the risk and the chart is look very promising. I expect breaking the previous bear market key point will clear the way to the final target Note: this not the right time to jump on the project, I am just showing the full picture for Solana for the current market Cycle (where it was and where it going) good luck everyone.
BINANCE:SOLUSDLong
by AlQasim_Analysis
3