Current state of SOLANAThe most recent BITCOIN correction affects many Altcoins, including SOL.
How does the S1-TM react in that phase:
- Close buy order (Close B1) exiting the long position at 24.6 before the price drops sharply.
- If trading Future, enter a Short order immediately and receive ~9% profit after 2 times TP.
SOLUSD
SOLANA - Lower Timeframe Overview ✨In our Higher Timeframe post on SOLANA, we identified that we were in Wave B and we were looking for one more move higher to complete the pattern.
We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already seen wave 1 and now in wave 2 of wave C. We are looking to catch the rest of wave C on break of the red trendline and ride it up 200% to our target of around 60.
Trade Idea:
- Watch for bullish reversal patterns on lower timeframe
- Safe entry on break of red trendline
- SL below price once red trendline breaks
- Target: 32.5, 50, 60
Goodluck and as always, trade safe!
SOLANA - Higher Timeframe Overview ✅On a higher timeframe, Solana looks perfect from an Elliott Wave perspective. We have a nice 5 wave impulse for wave 1 and now we're in an ABC correction for wave 2, which appears to a zigzag pattern.
Zigzag patterns consist of 3 major waves subdivided into the following subwaves: 5(A), 3(B), 5(C).
We are currently in Wave B and looking for a move higher for completion of the correction.
See below for our lower timeframe analysis:
Goodluck and as always, trade safe!
Waiting for SOL will be nice!SOL got an inverse H&S pattern, happening between 22.845 and 23.460, with a target price near 25.244.
Check out the support levels mentioned earlier:
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Now, SOL is hanging around 24.00 to 25.00 and in a sideway. If it goes back to 25.244, keep an eye on how the price acts.(SOL might pull back).
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Support level:
22.845~23.460
21.979
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If SOL daily closing price stays above 25.244, it's in a good groove. You might wanna watch for a target around 27.00.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) remained in the green for a third consecutive session, as it continued its push towards 25.00.
SOL/USD jumped to a high of 24.91 on Wednesday, a day after falling to a bottom at the 23.21 level.
this saw the cryptocurrency climb to a ten-day high, and close in on a collision with the 25.00 ceiling.
This comes as the price strength nears its own resistance point at 60.00. It is currently reading at 58.27.
In the event it hits the 60.00 zone, there is a strong possibility solana will be trading above 25.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Solana: a short pullback to go up again Solana's trading pattern has been consistently oscillating within the range of 22.5 to 24.0. Notably, there have been opportune dips around 22.3, presenting favorable buying opportunities for long scalping strategies. Despite this, our trading approach will remain within the confines of this range until a breakthrough occurs beyond the green box. One scenario could involve a retracement towards 21.6, followed by a subsequent move towards the 200 SMA at 24.NFA
2023-08-06, Sunday: This is what currently happen to SolanaThis is the DAY CHART of Solana. You gonna have to wait for a few more months as it would do its thingy ups and down in between 0.236 and 0.382 level. Just being naughty and nice at the same time.
A Black Swan Day would be a good triggering point for later stage of strong bound.
SOL/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) also made strong gains on Tuesday, with bulls pushing price towards the 24.00 level.
After starting the week at a low of 22.49, SOL/USD raced to an intraday peak of 23.68, earlier in the day.
Momentum seems to have shifted in favor of the bulls, with solana now trading at its highest point since last Wednesday.
This is now the third consecutive day that SOL has edged higher, resulting in the RSI nearing a collision with a ceiling at 53.00
Currently, price strength is tracking at 51.87, with a move to the aforementioned target likely to result in SOL moving above 24.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Detect change in trend (meaning of point 22.13)Hello?
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(SOLUSDT chart)
The decline is showing that the HA-High indicator on the 1W chart is about to fall and be created.
Therefore, it is necessary to check whether the HA-High indicator of the 1W chart is created at the point of 22.13.
If the HA-High indicator of the 1W chart is created at the point of 22.13, if it is supported around this area, it is expected to continue the mid- to long-term upward trend.
Accordingly, if support is confirmed around 19.49-22.13, it is time to buy.
However, since the first selling section is around 29.77, you need to think about countermeasures against this.
therefore,
1st: 19.49-22.13
2nd 29.77-33.39
In the first and second sections above, it can be seen that this corresponds to the split purchase section.
(1D chart)
The 24.54-46.85 section corresponds to the boundary section of the bottom section, so the rise may be limited in this section.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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$SOL to $969Bullish on CRYPTOCAP:SOL
We are in accumulation zone < $30 and I have been buying heavily
SOL is my biggest conviction play this next cycle
Using past history of BTC and ETH, and fibonacci extensions, a cycle target of $969 was acquired.
Good luck, have fun, and I'll be #StackingSOLANA
SOL SOLUSD SOLANA SOLANAUSD
-@CryptoCurb