SOLUSD
I anticipate a rise in SOL to $160 following the consolidationHello everyone!
Congratulations to all on the upcoming new year! I wish you and your loved ones health, prosperity, and success!
Now, let's move on to the idea.
I suggest considering entering a position on SOLANA either at the current values or by placing buy orders around $100-101.
This is a good quote in terms of the round value of $100, so many people are buying the asset in this area, as can be seen on the chart. Additionally, there is a Fibonacci level of 0.236 in this area, and you can see how the price reacts to this zone of interest on the chart.
The expected profit is 42-58%.
Place sell orders from $150 to $160.
This is not financial advice; everything you do is at your own risk!
I think we may test €80 before continuing this bullish moveIf you look at 4 hour or 1 hour chart you can clearly see that price want to go test $80 to $ 90 level but because of lack of volume due to new years eve getting rejected at 100-102 level however whenever liquidity arrives we may see an impulsive move to the downside which will wipe out weak hand from the market and then it will start to go up again
Solana Rally almost overAmong all the blue-chip alts, Solana has had the most impressive run so far. It has almost 9X'ed from its bottom in July this year. But technical are showing signs that its rally is about to end and it's about to enter long term consolidation.
So far it has had multiple drives of bearish divergence on Daily RSI and has hit its head in resistance with divergences. As you can see the RSI is trending inside a triangle and is about to hit the lower trendline of the triangle, so it possible we may see short term bounce once it hits the trendline or Bitcoin produces a bounce, but the upside is limited.
If we get another push up, we might double top or if we create another high, but it won't be significantly higher than the current one as we have Weekly level right above the daily supply from where Solana has recently rejected. The weekly level is also surrounded by important fibs i.e. 0.886 from the march 2022 high and 0.5 of ATH.
Also, if we look at the Weekly RSI it's in an extremely overbought zone, so hard to imagine there is much room left. I have highlighted the RSI in the past showing where Solana is in terms of bull cycle, it has a long way to go up in coming months and a year.
Now coming back to Daily RSI in the main chart once the RSI breakdown happens from the Triangle, its measured move takes us to extreme oversold RSI levels. I have measured how long it took in the past for the RSI to get down to extremely oversold conditions when the RSI was in similar state. It took approx. 60 to 70 days.
60 to 70 days from now is march April TF approx.., and we all know from the BTC cycle perspective we always get a dip right before the Halving which servers a double bottom for real bull market to take shape.
BTC halving is expected in April end in 2024 and its highly likely we will see BTC correct 30 to 40% from its top which will take All the alts down with-it including Solana, so it all fits with the timeframe of finding the possible bottom in March, April 2024.
I have highlighted the next zone of accumulation for Spot Solana to hold for the next bull run in 2024 to 2025.
SOLUSDT - Another Bullish ScenarioAnother bull scenario for SOL, this one however is a bit delayed.
I am using BTC's price action as price patterns are often repetitive, hence it does not really matter where price action originates from.
Even though it is delayed in this scenario I am very positive on Solana's outlook.
Solana intraday shortfalling wedge at solana already broken,but still no bullish yet.
right now solana perform rising wedge with small range (109-101)
as long as this pattern not broken, short at resistance and take profit at support are not a bad idea for intraday setup.
If this pattern broken, bullish target only at 115, and bearish target at 76.6
Is it time for short Solana(SOL)? Analysis of price momentumEach spike can target 102% to 132% if momentum is maintained.
Currently, X has reached the target of 102, in general, the supply is increasing sharply between the range of 102 to 132 percent.
But we have another confirming factor which is the daily pivot supply area
For this reason, it is possible to short solana with a loss limit above the daily supply area.
Considering that we have hit the daily supply area, the TP can be 3 to 5 times the daily ATR, which is 1.7 and 2.7 times for our trade, respectively.
Solana(Sol) Is The Maze Runner ?!?After the heavy fall that led to the sharp downward correction of Solana to the price range of 8 dollars, it seems that this currency faced a suitable demand and accumulation for growth, which led to its rise to the range of 30 dollars and now to the point of 21 dollars is fixed and fluctuating.
Considering that there are 8 hours left until the closing of the weekly candle and 11 days until the closing of the monthly candle, if the price can stabilize itself above the $26 area, there is an amazing possibility that this currency will reach higher areas.
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📈I think we are close to the end of the uptrend and we need to correct.
📊According to the analysis, you can take a position in two directions.
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Solana (SOL) completed a setup for upto 30% pumpHey dear friends, hope you are well, and welcome to the new trade setup of Solana (SOL) coin with US Dollar pair.
Recently we caught almost 140% pump of SOL as below:
Now on 4-hr time frame, SOL is about to complete a bullish Cypher move for the next price reversal.
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.
Does $SOL Wanna Go To 2.618 Technical Target Again?! 🤔Hi guys,
As you can see on the chart, I checked Solana's FIB Channel in the previous two bullish cycles, interestingly the final target in each cycle was at the 2.618 Fibonacci level. Also, the final high in each cycle was only slightly different from the measured FIB level. Based on this, I drew a FIB Channel for Solana's third bullish cycle, which shows a technical target of $496.27 at the Fibonacci level of 2.618. Obviously, to reach this target, CRYPTOCAP:SOL needs the help of CRYPTOCAP:BTC to continue the uptrend.
Therefore, if Bitcoin's uptrend continues and CRYPTOCAP:BTC climbs above the $50,000 level, we can expect Solana's amazing uptrend to continue and not only repeat the previous ATH, but CRYPTOCAP:SOL will reach a new ATH. But if the uptrend of Bitcoin stops at the resistance level of $47,000 and CRYPTOCAP:BTC falls below $40,000, Solana's technical target will be invalidated at the Fibonacci level of 2.618 in the third cycle.
Also, Solana's RSI is now at 89, which is close to Solana's ATH range at 97, which is a serious warning for users to save profits and avoid greed.
Obviously this is not a financial advice & remember to do your own research.
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Wish you all a Merry Christmas 🌲🎅
Goodluck
SOLUSDTIf the price manages to consolidate above the support at $86, then it is worth considering the following targets: 97.99 – 109.16 – 119.91 – 134.29.
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SOLANA SOL USDT Another Major Outage Means Hard To Trust SOL SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point after doing more fundamental analysis on Solana, I believe Solana is extremely overvalued and being propped up artificially. I think that because of the outages and the problems it has that a revaluation is coming soon for Solana. I hat to say it also but Solana has also formed a major head and shoulders, and a measured move of the head and shoulders would be around $4 yikes. I think that $4 is all Solana is actually worth at the moment. Also another big deal is that SOL has been trading in this ascending broadening wedge pattern and has technically broken below the bottom support line. An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. If SOL fails to break back above and back into the broadening wedge then I think a swift move down is to follow. Be very cautious with this one, Ive seen many like Solana over the years and I feel like the hype is dying for this project and a major dump is coming from big bag holders. Once the selling starts itll be almost as fast as Luna. Once people realize how important it is for a project to have 100% uptime then Solana will be revalued to its true worth. Solana does not belong in the top 100 in my opinion let alone the top 10.
SOLANA - 400% Gain!Solana has been pushing higher and higher since our Long setup September. We initially thought we'd push up 200% but when a move is this strong, why cut your profits early. Let it run!
We are now up by over 400% and still climbing. Once we see price slowing down, we'll be looking to sell Solana. However for now, let's enjoy the ride!
We'll be back with a Solana update once price shows signs of reversal.
Hope you guys made some money out of this!
Happy Holidays!
SOLANA: Eyes on 105 Impressive! SOL's price action has been remarkable in the past few days, perfectly hitting all the charted levels. While a healthy pause could appear naturale here, the question arises: if the current hype persists, what could be the limits? The next milestones are set at 100, 105, and 111, with 105 proving to be a particularly challenging hurdle. A breakthrough at 105 could potentially unleash significant upward momentum for SOL. Exciting times ahead!
Solana Update on 22/12/2023Resistance - 98 to 105
Medium Target - 180
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
SOL (20231021In July this year, SOL experienced a round of increases, reaching a high point at 33.010. By using 33.010 and 12.680 as the high and low points for the Fibonacci retracement, it can be observed that SOL formed an inverse H&S at the 0.25 (17.763) level of the sequence, and it broke through the resistance at 25.244. Currently, attention can be focused on the price action around 28.00.
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Targets:
33.010
38.093
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If SOL can successfully reach these targets, there is an opportunity for SOL to continue its upward trend. This decreases the probability of the large bear flag pattern mentioned in the previous article ().
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SOLUSDT - SOLANA IdeaHey traders...
In my opinion, if the price of Solana surpasses the daily resistance line at approximately $93.60, making a swift upward movement similar to the shadow in the 4-hour candle, it's likely to increase to the $100 range. After that, there might be a correction, possibly within the range of the channel's middle line.
BINANCE:SOLUSDT COINBASE:SOLUSD
⚠️ Disclaimer: The viewpoints shared represent my individual outlook on the market, based on publicly accessible information and historical data. While a portion of these opinions is influenced by my actual trades, others are not. It's important to note that I am not a financial advisor, and I do not assume any responsibility for the decisions you make in your trading activities.
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