Solusdt
Trade Setup: SOL Long PositionMarket Context:
SOL is currently trading at resistance, and a small retrace is expected, providing a better level to enter into a trade.
Trade Setup:
Entry: Enter a trade at a retest of the $145 - $150 area of support.
Take Profit:
First target: $163.50 - $176.00
Second target: $188.50 - $200.00
Stop Loss: Place the stop loss just below $135 to allow for some volatility.
📊 Keep an eye on the price action and be ready to adjust the entry based on market conditions. #SOL #CryptoTrading #TradeSetup 🎯
SOLUSDT, Tue 16 Jul, Short Position!I saw In PM session, that The price crossed 50% Fib
And The EQL level was formed close to 50% Fib.
If you see the chart in 1 m TF, You can see the Market structure shift and i Enter at 161.737.
If its goes well down, The Target will be 142 (At least 151).
Lets see whats happen.
Good Luck
16:57
#SOL/USDT#SOL
The price is moving within a 1-hour bearish channel pattern, which is a strong retracement pattern
We have a bounce from a major support area at 131.30
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price is 133,300
The first target is 137.80
The second goal is 147.27
The third goal is 157.00
$SOL Long- A Fractal Study on $SOLETHPosting this chart for later street cred.
SOL/ETH pair is the next ETH/LTC pair
CRYPTOCAP:ETH has vastly outperformed CRYPTOCAP:LTC since ETH burst onto the scenes in 2016.
CRYPTOCAP:SOL has vastly outperformed CRYPTOCAP:ETH since SOL burst onto the scenes in 2020.
We are in midst of the next parabolic run, ~0.15 is the target for this BINANCE:SOLETH pair's top this cycle.
A study on fundamentals, cycles, fractals... common sense.
CRYPTOCAP:SOL / CRYPTOCAP:ETH
- @CryptoCurb
SOL Potentially Big Bullish Tendency StartingMostly the month of June is the "bottom" month before another bullish movement. And the price has met its strong support level at around 126 - 127.
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT
SOLUSDT is in the ascending phase by the cup and handle.
SOL is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Breakout of SOL in daily chartHello traders,
Sol had a pump recently as like as other cryptos but it had a very nice break of the wedge and now it is trying to make higher highs. My advice would be to buy at here and slowly trail you stop-loss.
Your starting stop-loss could be the green zone.
SOL (Solana): Descending TriangleTrade setup : Price has regained 200-day moving average, which is a sign of long-term Uptrend. Swing Traders: we would be buyers on pullbacks near $125-$135 support, which could be an attractive swing trend entry, with +30% upside to $160. Stop Loss (SL) level at $110. Trend Traders: wait for a breakout from Descending Triangle, ideally above $160 resistance, which could be followed by an upswing to $200.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $125.00, then $100.00. Nearest Resistance Zone is $160.00, then $200.00.
Solana Surges: Price Breaks Resistance, Eyes Higher GroundThe price of Solana (SOL) has embarked on a notable upward trend, surpassing the key resistance level of $135 against the US Dollar. This bullish momentum has instilled optimism in investors, suggesting the potential for further gains in the near future.
Breaking Through the $135 Barrier
Previously, the $135 mark had acted as a significant hurdle for SOL. However, recent buying pressure has propelled the price past this resistance, signifying a potential shift in market sentiment. This breakout indicates increased investor confidence and could pave the way for a sustained price increase.
Technical Indicators Bolster the Bullish Outlook
Technical analysis, which utilizes historical data and price charts to predict future movements, strengthens the bullish case for Solana. One key indicator is the 100-hourly Simple Moving Average (SMA). The price currently sits above this average, implying an upward trend. Additionally, the formation of a bullish trend line on the hourly chart, with support at $138, provides further technical validation for the ongoing price surge.
Potential for Continued Price Increases
Analysts are cautiously optimistic about the potential for SOL to extend its upward trajectory. Some projections suggest the price surpassed the $145 resistance level. However, it's important to remember that the cryptocurrency market is inherently volatile, and unforeseen events can trigger price corrections.
Factors Fueling Solana's Rise
Several factors are likely contributing to Solana's current bullish run. Here's a look at some of the potential drivers:
• Growing Adoption of DeFi Applications: Decentralized Finance (DeFi) allows users to access financial services without relying on traditional intermediaries. Solana, known for its fast transaction processing and scalability, is increasingly being utilized for DeFi applications. This surge in adoption could lead to a higher demand for SOL tokens, driving up the price.
• Upcoming Network Upgrades: The Solana development team is constantly working on improvements to the network. News or anticipation of upcoming upgrades could attract investors and contribute to the price increase.
• Positive Sentiment in the Broader Crypto Market: If Bitcoin, the leading cryptocurrency, experiences a significant price increase, it often has a ripple effect on the entire crypto market, including Solana.
Potential Challenges on the Horizon
Although the current outlook for Solana is positive, there are still uncertainties to consider. For instance, increased regulatory scrutiny on cryptocurrencies by governments or a major security breach on a Solana-based DeFi platform could dampen investor confidence and trigger a price decline.
Conclusion: A Cautious Optimism
Solana's recent surge above $145 is a positive development for investors. Technical indicators and potential catalysts like DeFi adoption and network upgrades suggest the possibility of further gains in the near term. However, the cryptocurrency market remains unpredictable, and investors should exercise caution and conduct thorough research before investing in any cryptocurrency.
Solana USDT LongSolana has cleared all the supplies and retested the 120 level. With a SL of 118, one can go long for a target of 205 and beyond.
SOL long short term?Hello everyone,
Solana is showing good signs of bullishness short term. However, even if there is a continuation bullish pattern in place, this might not be bullish due to the current market situation.
Do not buy until a clear breakout is in place as well as having a clear understanding of what the next major trend is going to be.
Seb.
SOLUSDT, Mon 15 Jul,(part 1)I didn't perform well last week because the weekly candle was bullish and I didn't recognize it well.
And I was looking for the shorts position.
I am not sure, but I see the upcoming weekly candle as bullish.
but
- If the price does not exceed 154,
- Considering that 4 consecutive days have passed, I saw a green candle
- The upward movement of the price from the beginning of today and the downward movement from 3 am,
I expect a short position again.
Wish Low-Loss trade!
Mon 15 Jul - 9: 34
SOLUSDT 1DSOL ~ Update
#SOL Successfully penetrated the resistance line of this pattern. bullishness will start to dominate from here now.
SOLANA UpdateSOLANA is now on liquidity zone and i think its correctionaling to fill price gaps around support zone.
1st zone will give us cinfirmations about next steps to up or down
SOLUSDT Key Resistance Breached – What’s Next? Yello, Paradisers! Did you catch our recent prediction about #SOLUSDT breaking above its resistance? Well, it just happened! Let's dive into what this means for your trading strategy.
💎#SOLANA has successfully broken above the resistance zone at $140.78 and faced rejection from the internal supply at $151.18. Currently, the price is in a retesting phase. If #SOL holds this support level at $140.78 and maintains its momentum, there's a high probability of a bullish ride towards the next resistance zone. Interestingly, the price is sustaining a strong position above multiple EMAs, further strengthening the bullish scenario.
💎Should #SOL break above $151.18, the next target is the subsequent resistance zone. Conversely, if the price fails to sustain momentum at the current support, we expect a potential bullish rebound from the lower demand zone around $134.77.
💎Staying vigilant is crucial. Keep a close eye on #SOL price movements. A breakdown below the demand area, confirmed by a daily closure, would challenge our bullish outlook and could lead to further declines.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
