Inflation Deflator Signals Buy for $SOLUSDTID printed a 15m buy signal. Price has retraced to open of signal candle and should pump long from here up to previous supply zone (red box). 1.7RR
Solusdt
Is this some sort of coinincidence?Last time,Sol formed a Bull Flag pattern and pump alot, it is forming a bull flag pattern again. Will this time be different? Keep and eye on break out or break down. DYOR
SOLUSDT:🟢Buy opportunity🟢By examining the Solana 2-hour chart we can figure out, this coin has the potential to rise.
As you can see, the price collected the liquidity below the old low and had a bullish reaction and respect to the bullish PD Arrays.
So, now we can expect the price respect to the FVG and go for buy-side liquidity.
What you should know: Solana is a blockchain platform that uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
SOLUSD BULLISH TREND - UPDATE Price is moving as anticipated towards the 20/12/2021 (198).
Need to see a break above this zone so as to give some more steam to the bullish bias.
On the other side we have some interesting lows to keep an eye out on. The first low we need to see buyers defend is 176.80
The final line of defence for buyers is the range between 159.20 - 165.84 . Break below this zone might signal that the sellers are starting to shake thing up
SOLONA first correction then gain 💡Hello 🐋
Considering the chart
if we lose our ascending channel we will see more correction close to our support and our support area is based on the fib 👌💪
then
if we wont lose our support I see more gain for the price 📈🤞
it is logical to see
some range movement too 📚💡
both
targets are clear on the chart ✌🎇
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋
Bearish retest of #sol #solanaCRYPTOCAP:SOL price hasnt' t reclaimed the bullish triangle, yet. In addition there are 2 minor declinations from the resistance. Invalidation: SOL reclaims the triangle. Not financial advice.
SOL/USD: Riding the Waves of Resistance with SOLANAWelcome back, crypto crusaders! Today, we're diving into the turbulent waters of SOL/USD trading with our favorite meme-like analysis. So grab your life vests and let's navigate the waves of resistance together!
Right off the bat, SOL is giving us some serious déjà vu as it flirts with resistance levels that harken back to its previous all-time high (ATH). Talk about a blast from the past! But fear not, because we've got our trusty charts and Fibonacci levels to guide us through this storm.
Zooming out to the monthly timeframe, we're seeing some unconfirmed structure, but the weekly suggests that resistance is looming large. However, amidst the chaos, there's a glimmer of hope – a bullish trendline on the monthly, aligning perfectly with the 615 Fibonacci level and structure. I smell a potential support zone brewing at the $100 level, assuming the price plays nice with the ATH as resistance. Cue the dramatic music!
Now, here's the golden rule: Buy if and only if the structure is confirmed at the $100 level. We're talking about touching a support trendline here, folks – a break could send us spiraling down faster than you can say "crypto crash." And trust me, nobody wants to visit the dreaded $40 level!
But wait, there's more! We're not just looking for confirmation of support – we're also keeping a keen eye on that pesky ATH level. If it decides to flex its resistance muscles, we might just find ourselves eyeing the $140 level as our new loading zone. Talk about a plot twist!
As for our TP (take profit) level, we're setting our sights on the lofty $412.00 mark. But beware, brave traders – the ATH will be standing guard, ready to thwart any further push. Better review those lower timeframes to confirm our strategy.
Remember, it's all about probability, folks – no trading advice here, just some good old-fashioned risk-taking. And hey, don't forget to stay up to date with the latest news on SOL – fundamentals are the wind beneath our trading sails!
So, here's to riding the waves of resistance with SOLANA – may the memes be plentiful and the profits be ever in your favor!
Keywords: SOL/USD, trading analysis, resistance levels, support zones, Fibonacci levels, bullish trendline, ATH, loading zone, take profit level, risk management, investing, trading advice, dollar-cost averaging, cryptocurrency news, meme culture.
#SOL/USDT#SOL
We have a downtrend on a 12-hour frame, the price is moving within it and adhering to its limits well
We have a major support area at $170
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 177
First goal 183
Second goal 192
Third goal 203
Sol not on the horizon.Solana is going to suffer one of the heaviest of corrections as the crypto market suffers a steep decline due to different reasons that i won't expand in here.
This is a short term trade, as i still think the crypto overall could continue going higher after such correction is completed.
SOL's $185 StandoffSOL is currently trading at $185, showing some volatility within the established range. The 4-hour chart illustrates a pattern where SOL is sandwiched between dynamic resistance and support levels, indicating an ongoing tussle for direction. Despite the recent 3.32% drop, the price remains within the trading channel defined by these bounds.
The upper Bollinger Band, sitting at $206.19, has proven to be a tough area for bulls to break, aligning with the dynamic resistance that has capped upward movements. Conversely, the lower Bollinger Band at $177.78 coincides with the static support level, suggesting a potential cushion against a further decline.
The trading volume of 92.758K SOL doesn't point to a dramatic shift in market sentiment yet, but it's a figure to watch for any emerging trends. The Simple Moving Average (SMA) at 185.47 is currently in sync with the price, offering a neutral signal.
The MACD indicator shows that bearish momentum might be building, with the MACD line below the signal line and a negative histogram. However, the Stochastic Oscillator (%K at 34.79) isn't in the oversold territory, implying there isn't an immediate turnaround signal from this indicator.
The Relative Strength Index (RSI) sits at a middling 45.44, leaning neither towards overbought nor oversold conditions. This, along with the RSI-based Moving Average, suggests that while there may be short-term bearish pressure, the mid-term trend hasn't turned decisively negative.
Taken together, these indicators paint a picture of Solana experiencing a period of consolidation with potential to swing in either direction. Traders will likely be watching for a breakout beyond the dynamic resistance or a breakdown below support for a clearer sense of direction. The interplay between these technical indicators and evolving market narratives will shape Solana's path in the coming days.
Sol on the horizonThis is a short term trade, set up is very simple.
Please understand the new dynamics of this market.
Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else.
Solana an recovery ? According to the chart, the Solana token is breaking the downward trend line in the 4-hour time frame.
The status of the RSI indicator can better show us this possible failure.
Possible loss limit and profit limit are shown.
This is not a buy or sell recommendation.
Please check with your technical analysis knowledge.
Good luck and profitable.
Why Solana Could Boom in the World of dApps! I am bullish on Solana's future due to its potential dominance in the dApp space. Here's a breakdown of the key points and some additional considerations:
Key Points:
• dApp Growth: Solana's fast transaction speeds and low fees make it attractive for developers building dApps.
• Potential Price Increase: Increased demand for SOL tokens due to dApp development could drive up the price.
• Strong Contender: Solana's performance suggests it could be a major player in the dApp market.
• Call to Action: I would consider to buy SOL tokens (long SOL) to potentially profit from this growth.
Additional Considerations:
• Technology Risk: While Solana's technology is promising, it's still relatively new and evolving. There could be unforeseen technical challenges.
• Competition: The dApp market is competitive with other platforms like Ethereum. Solana's success depends on attracting developers and users.
• Investment Risk: Cryptocurrencies are volatile, and there's no guarantee SOL will increase in value.
Before Investing:
• Research Solana's technology and its competition in the dApp space.
• Understand the risks involved in cryptocurrency investments.
• Only invest what you can afford to lose.
Overall:
This idea highlights Solana's potential as a dApp platform, but be aware of the associated risks. Do your own research before investing and prioritize a long-term strategy over short-term hype. Consider consulting a financial advisor for personalized guidance.
SOL USDTSOL Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 179.86 Remember stop loss is your friend. Everything is on the chart.
Entry 179.86
S.L 166.86
T.P 1 186.37
T.P 2 194.52
T.P 3 204.34
Solana: Completion of Wave (2) and Long-Term OutlookSolana presents the scenario we've been discussing for some time now. We might already be seeing the completion of Wave (2), with our entry point around $81. Since then, Solana has surged by 42%.
However, we're still considering the possibility of an extended Wave (2) correction, now shaping into a flat structure. On closer examination, the recent upward movement appears to be in three parts. While it's possible to further develop Waves 3 and 4, creating a 5-wave structure, surpassing the $144 mark is crucial to definitively exclude the short-term bearish scenario.
There's some leeway with overshoots; a temporary spike (wick) doesn’t necessarily invalidate the ABC scenario. However, a sustained move beyond that would.
Sol daily time frame idea.Sol has been very bullish in last couple of weeks and performed very well. Now I am looking to re-enter in SOL on daily fvg that has been marked on chart as well. Aslo this is good poi because of liquidity build up.
🌕🚀Long Opportunity on SOL/USDT: Leveraging POC, Fibs and SMC💰Welcome to my trading idea for SOL/USDT! We're eyeing a long position based on a confluence of factors including the Point of Control (POC), Fibonacci retracement levels, and Smart Money Concepts (SMC) with a Bullish Order Block (OB).
Entry: Our entry point is strategically set at 173.78, residing within the Golden Pocket of Fibonacci retracement levels. This zone not only intersects with significant POCs but also aligns with a Bullish OB, reinforcing its attractiveness as a potential entry point.
Stop Loss: To manage risk effectively, our stop-loss order is positioned at 165.22. Placed below the Golden Pocket, OB, and POCs, this level provides a buffer against potential downward movements.
Take Profit: Our take-profit target is set at 200.20$. This represents our first profit-taking level (TP1) and offers a favorable risk-reward ratio.
By leveraging these technical indicators and market insights, we aim to capitalize on potential bullish momentum in SOL/USDT, while ensuring prudent risk management. Remember to adjust your position size according to your risk tolerance and always stay informed of market developments. Happy trading! 🌟📈
Don´t forget to like (boost),follow me, comment and share it to your friends!
SOLUSDT 5% LONG TRADE SCALPINGThe SOL/USDT trading pair is currently presenting a promising opportunity for a 5% long trade, particularly for traders utilizing scalping strategies. The designated zone for this trade lies within the range of 179 to 181 USDT. Scalping involves making rapid trades to capitalize on short-term price movements, and this zone offers an attractive entry point for such trading strategies.
SOL, the native cryptocurrency of the Solana blockchain, has been gaining attention in the cryptocurrency market due to its innovative technology and growing ecosystem. As a result, traders are keen to seize opportunities for short-term gains by leveraging price fluctuations in SOL/USDT.
The specified zone of 179 to 181 USDT represents a region where there is significant buying interest in SOL relative to USDT. This suggests that there is a high probability of price appreciation within this range, making it an opportune moment for traders to enter long positions.
Traders looking to capitalize on this opportunity should act swiftly to avoid missing out on potential profits. Given the nature of scalping strategies, which prioritize quick trades and small profit margins, it is essential to execute trades promptly and decisively when favorable opportunities arise.
Additionally, traders should implement effective risk management techniques to mitigate potential losses. This may include setting stop-loss orders to limit downside risk and protect capital in the event of adverse price movements.
Furthermore, traders should closely monitor market conditions and stay informed about any developments or news that may impact the SOL/USDT pair. Factors such as market sentiment, technological advancements, and regulatory developments can all influence price dynamics and should be taken into consideration when executing trades.
In summary, the SOL/USDT trading pair is offering a compelling opportunity for a 5% long trade within the zone of 179 to 181 USDT. Traders employing scalping strategies should seize this opportunity promptly while implementing effective risk management techniques to optimize their trading outcomes.
Markets React to Rate Cut News
ETF outflows and government movement of crypto assets push price of BTC down: As we have seen in recent weeks, the price of BTC declined alongside increasing ETF outflows, as Cathie Wood’s ARK 21Shares Bitcoin (BTC) ETF experienced its first outflows, dropping from above $70K to a low of $64.5K on Tuesday. Further headwinds included the movement of 30,175 BTC by the U.S. government, sparking concerns over whether the assets would be sold or held in custody.
Equity and crypto markets impacted negatively by May rate cut doubts: U.S. equities and crypto markets dropped this week as the market ruled out a rate cut coming in May, with the expectation that the June meeting will deliver the first rate cut of the year rising to 62.3%. US manufacturing expanded in March, and the personal consumer expenditures price index accelerated in February from the previous month, suggesting the economy is continuing to grow while progress on inflation has stalled.
Altcoins and memecoins decline in response to BTC drop: Altcoins saw a heavy pullback in the wake of BTC shifting downward. AI-related tokens in particular saw some of the largest declines, while memecoins also experienced a slight correction following their strong run up in the past couple of weeks.
SBF sentenced to 25 years on seven counts of fraud and conspiracy: Sam Bankman-Fried (SBF), the founder and former CEO of the collapsed crypto exchange FTX, was sentenced to 25 years in prison last week for seven different fraud and conspiracy charges. The FTX exchange was once valued at FWB:32B at the height of the previous bull market before collapsing as it was discovered that over SEED_TVCODER77_ETHBTCDATA:8B of customer funds had been stolen.
🥩 Topic of the Week: What is Staking?
👉 Read more here
SOLUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
wave v of (iii) was completed,
im waiting for decreasing in wave of (iv) and continuation of growth.
Entry zone: 120 - 90
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
DYOR!
GALA, the next SOL? 172% upside potentialGALA / Daily
- My friend is deep underwater, so I want to give him some hopium
- SOL went massively up this year, trend was even better once we breached the ascending channel, and then re-tested it successfully
- GALA recently broke through its ascending channel, and a correction of -36% occurred.
- If BTC holds and we close the candle above the support line, we can target $0.146 to start with
SOL - UPDATE - old eth vs sol now ideaSOL - update old eth vs sol now
just an update of the old attached idea with more data now on the macro momentum.
looking like that final push coming here, the spike before the biggish pull back before ultra moon mission alpha.
or we are about to get gutted like that earlier 'fake' pump. full retrace hell.
the momentum doesnt quite look right overall for that option to me. i think first option is more likely above.
anyway keeping a close eye on all this. would like to catch a big pull back but that is notoriously difficult. :)
gl
SOL ScenariosLooks really clean with that fractal from last run, either scenario prepare yourself but sol will run soon.
