Is SOLUSDT About to Break Down?Yello Paradisers! 🔥 Is SOLUSDT on the verge of a major bearish move? Let’s break it down! 👀
💎SOLUSDT has flashed a Change of Character (CHoCH), hinting at a shift toward a bearish market structure. The current setup is starting to resemble a Head and Shoulders pattern, a classic signal of an impending downtrend.
💎Additionally, after the CHoCH, we saw a Bearish Engulfing pattern forming right on the resistance zone, further strengthening the bearish case. However, a supportive trendline below could provide temporary relief, so caution is essential!
💎If the price rises from the current level, a pullback from the strong resistance zone may be in play. If an Internal CHoCH (I-CHoCH) appears from this resistance area, it will reinforce the bearish potential and signal a continuation of the downtrend.
💎That said, any breakout and candle close above the strong resistance zone will invalidate this entire bearish outlook.
Stay patient and trade with discipline, Paradisers. The market is at a crossroads—let the charts confirm the move before jumping in. This is where strategic planning separates consistent traders from the rest.
MyCryptoParadise
iFeel the success🌴
Solusdt
SOLUSDT - Long Trade IdeaThis seems like a nice long opportunity on SOLUSDT perpetual contract pair.
The trade will be within the range of price moving from a weekly BISI to a weekly SIBI coupled with relative equal high liquidity.
I am anticipating a daily retracement lower, although it may not go as low as my entry. Either way, I am more interested in the trade idea panning out, and can always look for a refined entry if price is indicating that it is not coming to my entry.
SL below the last expansion low that reached into nested weekly PD Arrays.
- R2F
SOL Price Action and Potential Cup & Handle SetupIt’s becoming increasingly clear that SOL, much like BTC, is forming a cup and handle pattern. Once the trendline is decisively broken, this pattern should lead to higher highs, with the target being roughly the same distance as the height of the cup from bottom to top. If a breakout occurs, SOL’s target could be significantly impressive.
However, unlike BTC, SOL (and similarly XRP) often doesn’t follow the typical market movements and can act independently. While I’m not a huge fan of SOL due to its more isolated nature and weaker focus on macro trends, this is an undeniably strong technical setup.
If SOL does break through the trendline, I expect it to initially pierce above, only to retest and sit on that line. If the upward trend continues from there, the cup and handle will be fully in play.
Crypto in October is "UPTOBER" by OfficialPapaRicoThere was an imbalance on the 4-hour chart that also bounced right off the 61% level. This is a long-term trade and will hopefully break new highs within the next 6 months to 4 years.
This is not financial advice but I would highly invest in buying crypto and storing it in a cold wallet. CryptoBubbles.net is also a great platform to see the top 1000 coins to invest in. This is a great time to invest in at least 10 different coins.
Good luck guys and see you next year in 2025
- OfficialPapaRico
- October 6, 2024
BULL and BEAR targets for EOY and October (SOL)Hello Tradingview community!
As always: If these patterns I'm showcasing doesn't work as predicted..
then please don't come crying to me (ty) -> NFA DYOR
I have made the chart super simple to understand as you can see
We got an October target: 160ish zone (resistance)
and we got a bear and bull target for EOY
Bull EOY target: 200-250 (I find this the most likely)
Bear EOY target 100-110 (I don't find it likely, but i do consider it)
EDIT: in previous post I've stated if Bitcoin does "crash hard" to new lows
I could see SOL hitting even 80 dollars (i still find it unlikely)
Of course these are just ideas.. What do you think will happen EOY for COINBASE:SOLUSD ?
I'm more "bullish" than bearish clearly, but I do always keep those
bearish targets in mind.
BOOST the post if you like what you see
and Follow for even more post about SOL in the near future!
NFA DYOR <<<-----
SOLUSDT - Short-term upside before retracing to $125Even though i am bullish on Solana over the next few week, in the short term i am seeing SOL retracing all the way back to $125 if Bitcoin falls below $59000.00 . Looking at the 4-hour SOL chart i am seeing a small push up-wards before offering a short opportunity all the way down to the bottom of the range at $128 to $125 which will allow for a fantastic buy opportunity.
SOL could be 200-250 EOY and even 500-800 Q3-Q4 2025Hello Tradingview community!
Before i explain my idea.. I want to make it very clear this is just an "idea" and nothing more -
If this doesn't predict as i've shown on the chart then please don't come crying to me (ty)
- DYOR NFA
Alright, so my idea is fairly simply as you can see..
I believe EOY COINBASE:SOLUSD could be at 200-250 (very possible)
and even at 500-800 price range at Q3-Q4 2025 (hard to predict that one)
SOL does have a chance to to visit 80-100 zone before doing these bullish scenarios!
Personally i don't think SOL will go that low honestly, but it's in the range clearly
so it's far from impossible.
RSI also looks like it's few weeks away from breaking out (usually a good sign)
Anyway - NFA DYOR.
#SOLUSDT #1D (Bybit) Symmetrical triangle break and retestSolana pulled back to 100EMA regained support where it bounced forming a morning star, resuming bullish would make sense.
⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (6.0X)
Amount: 4.4%
Current Price:
150.58
Entry Targets:
1) 149.03
Take-Profit Targets:
1) 171.43
Stop Targets:
1) 137.81
Published By: @Zblaba
CRYPTOCAP:SOL BINANCE:SOLUSDT.P #Solana #PoS solana.com
Risk/Reward= 1:2.0
Expected Profit= +90.2%
Possible Loss= -45.2%
Estimated Gaintime= 3-4 weeks
SOLUSDT | Solana looking at a small pullback before next leg upLooking at the 1 week chart, SOL is sitting in the top half of a upwards channel. The RSI is at the bottom of the range looking to push up over the next few weeks. SOL is currently pulling back and the bottom could be in at the fib retracement level of 0.168. This would be a good buy zone for a longer hold ... I am still bullish on SOL.
Final Solana Leg?Trade is simple. seasonality seems to be on our side here, also we've been in a range for most of the year which in my opinion seems to be a distribution range, so i guess this makes a final leg then crashes real hard back below $100. But that's getting way ahead of things as of right now the trade is long!
SOLUSDT Potential trend continuation after a correctionSOLUSDT recently tested the psychological level at 160, forming a double top pattern, which could signal a potential reversal or consolidation after reaching this key level. Prior to this, the market broke and closed above another significant level at 150, a bullish indication that buyers are stepping in.
On the daily timeframe, the market is currently testing a previous resistance zone, where selling pressure led to pullbacks on two prior occasions. However, on the weekly timeframe, the last two candles have shown strong momentum, reinforcing the bullish sentiment in the market.
The price may consolidate just below the 160 resistance level before a potential breakout. The target is the resistance zone at 165
#SOL/USDT#SOL
The price has broken the descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 126
Entry price 139
First target 145
Second target 152
Third target 162
Solana prepares for breakthroughWe see a long accumulation, a stop after an upward trend
At $125 there is serious support, which we have tested many times, now we are making another approach to the trend line
We are moving in a global ascending channel and so far it looks like continued growth and renewal of the maximum
160 and 190 are local resistances, but there is a high probability of a powerful breakout and an exit beyond these levels at the same time
Take profit target is $300. Spot long, with current levels this is a good potential 100%
SOL / BTC Forming a Bowl and Smooth Accumulations !
Solana's performance against Bitcoin has been quite healthy over the past few years.
Before the FTX collapse, the price consolidated for months in a completely horizontal range.
The FTX crash caused the price to form the bottom of the bowl structure and the price accumulated in the bottom of the bowl for months.
After months of accumulation, the price broke above two consecutive downward accumulation areas, settling just above the first accumulation area.
The fact that the current accumulation zone just above first accumulation zone has acted as support for the past 7 months indicates a very healthy trajectory.
Moreover, this 7-month horizontal process seems to have started turning upwards in September, touching the bowl structure.
If this structure continues to function healthily, it means that the direction will continue upwards in the near term, reaching as far as the end of the bowl.
SOL in tight range SOL / USDT
Since months SOL was trading in tight range 110$-130$ as support
And 160$-200$ as resistance
Price start to show bullish signs which can lead us to attack the resistance again from around here
Breakout this range in any side will lead to explosive wave for that side but until now we trade the range
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
SOLUSDT: Trading strategies and trends!SOL/USDT is showing a clear bullish structure, supported by a potential 5-wave Elliott pattern. After bouncing off the key support zone at $153.65 (Wave 2), it’s likely to continue its upward momentum.
Entry: Consider buying near $153.65.
Target: First target at $160 (Wave 3), with an extension toward $165 (Wave 5).
Stop Loss: Place below $150.64 for risk management.
The uptrend is supported by strong market sentiment and positive Solana ecosystem developments, making further upside probable.
Solana roadmapWe are on the brink of the latest run up that whales are engineering to distribute, and pull in as much liquidity to exit for 2025 bear market.
Don't let the headlines fool you, there is no real utility to these shitcoins except printing money to traders and whales.
Of course, I could be wrong, a dapp could show up that gets people hooked, but i bet any web2 architecture can do anything better and faster than web3. In the meantime, just ride the waves.
SOLUSDT Flag Pattern Alert - Potential Breakout Ahead!SOL/USDT is currently forming a flag pattern within a key support and resistance zone. After several days of consolidation, the price action indicates a possible breakout. Watch for a decisive move above the upper boundary of the flag, which could signal a sudden upward momentum. Remember to always set a stop loss to manage risk effectively.
SOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $146
Buy level: Above $146.5
Stop loss: Below $140
TP1: $150
TP2: $155
TP3: $165
TP4: $180
Max Leverage 5x
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