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SOLUSD

Solana and a few steps down...It seems that Solana has decided to go up with the "head and shoulders pattern" and comes down with the same pattern. A head and shoulders pattern is forming. If this pattern is formed and confirmed, the price will drop to around $52.50. Unless something extraordinary happens. Of course, these few steps down are very necessary and good in my opinion. Moving with this momentum is very dangerous. Anyway, I like Solana's moves. It moves very wildly. *** In my opinion, after this "head and shoulders", we will probably have another "head and shoulders" on a larger scale...
CRYPTO:SOLUSD
by Farid-110
Solana might be at riskIn evaluating the current state of Solana, it's important to acknowledge certain risks within the framework of the Elliott Wave Theory. Presently, there are uncertainties and volatility risks in Solana's price level and recent movements, based on market dynamics and potential wave patterns. According to the Elliott Wave Theory, market cycles and wave structures often follow specific patterns, but identifying and interpreting these patterns can be complex. Particularly, complex corrective waves and anticipated price movements can carry specific risks for investors. Therefore, it is crucial to exercise caution regarding Solana's current market position and its future movements, while effectively employing risk management strategies. It's always advisable to conduct comprehensive market analysis before making any investment decisions and consider your personal financial situation and risk tolerance. This is equally applicable when utilizing analyses based on the Elliott Wave Theory. Based on my analysis of the Solana coin, the rise observed since the beginning of the year does not constitute an impulsive wave. Instead, it appears to be a complex correction in the form of a double zigzag. Currently, Solana is testing a channel resistance at around $68. According to Elliott Wave theory, this level could prompt a correction, initiating the B wave of the second zigzag. This corrective phase might see Solana's price retracting to the range of approximately $28 to $35. This prediction is based on the Elliott Wave principle, which suggests that following the completion of an A wave in a zigzag, a B wave typically retraces a significant portion of the initial wave. Given the current market dynamics and wave patterns observed, this retracement seems to be a likely scenario. I have shared this analysis on TradingView.com, highlighting the expected trajectory and potential retracement levels for Solana in the coming period, based on the Elliott Wave framework.
by MaestroAI
SOL Elliott Wave Continuation counts. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! #SOL DOOM count! 👻 But first, some continuation patterns to keep an eye on. Last time it just rocketed up, Shorters beware. There are some possible down counts shorter term. $48 break and $40 would be in sights. Mooner...😏...or Doomer?🤔 Doomer count elsewhere.
CRYPTOCAP:SOLLong
by CryptoKnee
SOLUSDTSOLUSDT The coin began to grow well from the end of September and is now trading in the green channel, which began to form in April 2021. There are quite large volumes in the channel itself. This creates some problems for the buyer, because it is very difficult to break through such volumes quickly. Perhaps we will remain in this green range for a long time. For further growth, you need to break through the channel resistance and gain a foothold higher. In this case, we will consider the goals: 1 - 56.53 2 - 67.36 3 - 77.4 There are almost no volumes up to the level of the last target. In case of growth, do not forget that the higher the goal, the more dangerous it is. Don’t be greedy and fix parts of your profits on time, so that a sharp drop doesn’t eat up your entire profit. Don't forget to show your support by like(rocket) and comment✅ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
by Andrey_Crypto
1
Bitxer's SOL/USDT Analysis - Spot On🌟 Bitxer's SOL/USDT Analysis - Spot On! 💥📊 🎯 Analysis Validation: SOL/USDT's recent movement aligns perfectly with Bitxer's analysis. As anticipated, SOL/USDT hit the projected mark at 66.52. 🔍 Accuracy at Its Finest: Bitxer's insights continue to deliver 100% accurate predictions. 🚀 Stay Connected for More: Keep following Bitxer for dependable and precise market signals. 💡 Insights for Success: Bitxer aims to provide you with the best trading guidance for success. Stay tuned for further insights and accurate signals from Bitxer! 🌟📈🚀
by Bitxer_PK
SOLUSD: Thoughts and Analysis Today's focus: SOLUSD Pattern – Failed high and HL. Support – 51.71 Resistance – 57.70 - 58.20 - 59.00 Hi, and thanks for checking out today's update. Today, we are looking at SOLUSD on the daily chart. Today's video asks if SOLUSD will continue its run or if it could see further selling enter the market. Buyers continue to push in today's session but continue to be met with decent selling from 57.70 and above up to $61. There's also an interesting price set-up we have run over, as it looks a lot like the current price action we are seeing at the moment, and the last time this occurred, we saw a solid run-up. Good trading.
EIGHTCAP:SOLUSD
by Eightcap
Solana Skyrockets to New Highs! Seize the OpportunitySolana, the rising star of the crypto market, has just hit a new milestone by surging above $45, accompanied by positive MACD moves. This is an incredible moment for all of us, and I encourage you to seize this golden opportunity to long Solana! The recent surge in Solana's price is nothing short of remarkable, and it's a testament to the immense potential and growing demand for this remarkable cryptocurrency. With its lightning-fast transactions, low fees, and robust scalability, Solana has set itself apart from the competition, captivating the attention of both traders and investors alike. Now, with the price soaring to new heights, it's time to ride this wave of success and maximize our potential gains. The positive MACD moves further reinforce the bullish sentiment surrounding Solana, indicating a strong upward trend. This technical indicator, combined with the fundamental strength of Solana's ecosystem, creates an irresistible opportunity for traders like us to capitalize on this upward momentum. So, what are you waiting for? It's time to take action and make the most of this thrilling moment! Here's your call-to-action: Long Solana now and position yourself for potentially massive profits. By going long on Solana, you'll be joining a vibrant community of traders who share your excitement for this revolutionary cryptocurrency. Remember, successful traders are those who recognize and seize opportunities when they arise. Solana's meteoric rise presents an ideal chance for us to ride the wave and potentially reap substantial rewards. Don't let this moment slip away! To get started, I recommend conducting thorough research, analyzing the market trends, and formulating a sound trading strategy to ensure you make informed decisions. Consider setting stop-loss orders to protect your investments and always stay updated with the latest news and developments surrounding Solana. Let's embark on this exciting journey together and make the most of Solana's incredible surge! Long Solana now and position yourself for a potentially profitable ride. Wishing you all the best in your trading endeavors!
COINBASE:SOLUSDLong
by bryandowningqln
If Solana hits full target it will gain 358% from recent bottomMany cryptos are testing the breakout up from a bear flag right now (gala, mana, qnt to name a few). Many of these bear flags flag is also a descending channel. Their flags seem most valid on a weekly chart…I just took a look today at solana and sure enough it also formed a bear flag with a descending channel for a flag, but it is already way further along in its breakout than many of the others. If it reaches the full measured move target which is the length of the flag pole than it will have made 358% gains from the bottom. Also the fact that it has clearly broken upward from its bear flag should increase the likelihood of the other alts currently in the same pattern breaking upward from theirs as well…of course this is not always the case….there has been plenty of times in the past when the entire market was forming cup and handles and only 4-5 of the cup and handles broke up and reached their targets before the rest failed…failures like that usually only occur after we have been in an uptrend for awhile, so since this would be a reversal breakout from the current downtrend it increases the likelihood that most of the patterns should trigger since the bullish momentum is only just now getting started. A good early indicator will be if solana hits the full 100% target. *not financial advice*
BINANCE:SOLUSD
by DrDovetail
SOL next targetsNext targets for Solana BINANCE:SOLUSDT Possible Targets and explanation idea ➡️Solana I think have a limitation for this pump till 65-81$ targets before correction ➡️Marked high of May 2021 will be like first trigger. ➡️Take profit line base on Take profit indicator exactly at M fvg ➡️Flags marked also levels for fixation profit before correction ➡️Based on Money Power indicator whales start fix step by step their positions Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
by Crypto4light
6
Solana nearing the precipice of a breakout?We can see that solusd’s price action is now retesting the top trendline of this purple symmetrical triangle it has been in since around august of 2023. Obviously it only matters once we break above this trendline and flip that trendline to solidified support. Until that time one must remain levelheaded and not chase any breakout that is unconfirmed. If it were to trigger a breakout sometime within the next few days the target would be around $50 or slightly higher. The top trendline of this triangle also qualifies as an inverse head and shoulders neckline. We can also see that the measured move target for the breakout from the descending tan channel is above this neckline which increases the probability we will trigger the breakout of the purple triangle on the way up to hit the measured move target of the tan descending channel breakout. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
Solana SOL price can rise. Do you believe at miracle?)We are impressed by the Solana project, at least because of the way its creators, developers, and holders are fighting for its existence. The last year has been difficult: either the closest possible connection with FTX, or recently Sol was included in the list of "securities" from the SEC. There were also many minor breakdowns, such as the absence of a mined block in the south, etc. But the project survived, the price has remained at a good level, and technically, it doesn't look the worst for an altcoin. And now, perhaps, there is a light at the end of the black streak: there are rumors that $7 billion of FTX has been restored, and the exchange will be relaunched in the next six months. And Solana's developers say they will rewrite the blockchain so that the SEC has no complaints and the community votes in favor. Hmm, maybe another miracle will happen and the SOLUSDT price will shoot up?) There are a lot of liquidity zones above, so it will be difficult for buyers to push the price up, but the positive news background may help. We believe that the medium-term target for t he SOL price of $50 is more than fair, and we'll see what happens next. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
48