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Solusdtanalysis

#SOLIt is moving in an upward rally in the medium-term channel, which is completing wave 4 of the correction, which can continue wave 5 to at least 100% of the fibo of the wave before the correction. In case of a break, it has the ability to reach 1.618 waves, which is also indicated in the chart. In addition, wave one, which includes a complete cycle, this corrective wave of a higher degree can be completed in the PRZ or golden zone. In the end, in the event of a break, the golden range will continue to be corrected up to 23% of Fibo, which will become the range of $77 or the yellow bar.
by alikze
3
Solana Rally almost overAmong all the blue-chip alts, Solana has had the most impressive run so far. It has almost 9X'ed from its bottom in July this year. But technical are showing signs that its rally is about to end and it's about to enter long term consolidation. So far it has had multiple drives of bearish divergence on Daily RSI and has hit its head in resistance with divergences. As you can see the RSI is trending inside a triangle and is about to hit the lower trendline of the triangle, so it possible we may see short term bounce once it hits the trendline or Bitcoin produces a bounce, but the upside is limited. If we get another push up, we might double top or if we create another high, but it won't be significantly higher than the current one as we have Weekly level right above the daily supply from where Solana has recently rejected. The weekly level is also surrounded by important fibs i.e. 0.886 from the march 2022 high and 0.5 of ATH. Also, if we look at the Weekly RSI it's in an extremely overbought zone, so hard to imagine there is much room left. I have highlighted the RSI in the past showing where Solana is in terms of bull cycle, it has a long way to go up in coming months and a year. Now coming back to Daily RSI in the main chart once the RSI breakdown happens from the Triangle, its measured move takes us to extreme oversold RSI levels. I have measured how long it took in the past for the RSI to get down to extremely oversold conditions when the RSI was in similar state. It took approx. 60 to 70 days. 60 to 70 days from now is march April TF approx.., and we all know from the BTC cycle perspective we always get a dip right before the Halving which servers a double bottom for real bull market to take shape. BTC halving is expected in April end in 2024 and its highly likely we will see BTC correct 30 to 40% from its top which will take All the alts down with-it including Solana, so it all fits with the timeframe of finding the possible bottom in March, April 2024. I have highlighted the next zone of accumulation for Spot Solana to hold for the next bull run in 2024 to 2025.
by zakoraio
3
🗺️Solana(SOL) Roadmap🗺️🚀Today, I want to analyze the Solana(SOL) project, which has grown more than ➕380% in the last 90 days . Does Solana continue to grow, or does it need to Rest ❗️❓ 🙏Please stay with me. 🌐In terms of Fundamentals and News/Rumors for Solana(SOL), Solana(SOL) is in good position, as: 🔸Collaboration with Amazon . 🔸Launch the Firedancer protocol . 🔸Solana's Total Value Locked ( TVL ) has grown well. ⚠️Of course, we saw the impact of all the above during these 90 days in the Solana(SOL) project chart. 🏃‍♂️Regarding Technical Analysis, Solana(SOL) is moving in the Ascending Channel for about a year, and now it is in the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and near the upper line of the ascending channel. 🌊According to the theory of Elliott waves , Solana can be associated with 2-3 scenarios , which means that the grouping of waves with each other can be done in different ways, that Solana's falling wave structure from $260 to $8 was five waves ( main wave A ), so these rising waves created by Solana can eventually continue until the All-Time High(ATH=$260) , and there will be a fall again. In fact, all these waves that have been created in Solana during one year are in the form of the main wave B should be considered. 🌊The point that I can mention about Solana waves is that Solana seems to have completed its impulse wave 5 in the last 3 months soon and needs to be corrected to grow again. 📈Before the conclusion , it is better to take a look at the SOLBTC chart. 💡SOLBTC is moving near the 🔴 Resistance zone 🔴, and according to Elliott wave theory , it seems to be completing the main wave B with a Zigzag Correction(ABC/5-3-5 ). 💡From the SOLBTC chart, we can understand that if the cryptocurrency market falls , Solana will probably suffer more than Bitcoin in the future. If the cryptocurrency market grows , Solana will grow less than Bitcoin. 🔔As a result, according to the above explanation, I expect Solana(SOL) to Fail to break the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 and probably increase to around $81 at the most and then start to fall to one of the Fibonacci levels or 🟢 Support zone($30.50-$25.80) 🟢. ❗️⚠️Note⚠️❗️: If the 🔴 Heavy Resistance zone($80.90-$56.20) 🔴 is broken, I still think that Solana can increase (maximum) up to $260 , which of course, can be attractive considering the current price. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Solana Analyze ( SOLUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
79
SOLUSDT long idea from 4h supportHere is another idea for long on this pair. The price has been rejected by the daily resistance DR1 and it was pushed down hard a while ago. That was a good long opportunity as the price bounced really well. However, that bounce met the daily resistance DR1 again and it is again being pushed down by the daily resistance DR1. There is 4h support 4HS1 sitting below around 69.73-70.6 zone. I think the price will visit that zone and experience another bounce which will give an opportunity for a long trade. Therefore, lets grab this long trade in case price visits the support zone 4HS1.
Long
by angela_altair
SOL → Solana At Resistance! Will We Reverse? Or Pulling Back?Solana is at a key resistance level from what used to be Support in March of 2022. This resulted in a hard selloff throughout the crypto market, leaving us wondering what comes next. Are we pulling back then continuing? Or are we heading back down to the $32 area? How do we trade this? 🤔 More price action is required to justify a market entry. Here's what we do have; a bull run with what appears to be the final leg up ending at a resistance level, an RSI over 70.00, and a massive bear signal to follow. These are the signs that the trend is about to change into a trading range then either a reversal or continuation. We need another failed attempt to break resistance to justify playing a reversal and we also need another show of support at the 30EMA or Support Zone to long. Until then, it's reasonable to stay on the sidelines until more price action plays out. 🔑 Key Takeaways 🔑 1. At Resistance Zone after 3 Pushes Up. Pullback Likely. 2. Aggressive Selloff at Resistance, Need More Price Action. 3. RSI Over 70.00, Supports Pullback or Reversal. 4. Look for support at bottom of Resistance Zone or 30EMA. 5. Wait to Enter Market, Need Clarity on the Next Moves. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
by TraderEngineering
SOLUSDT heading towards 100-125Another one with impressive movement in the last few months. The price has been moving upward for several weeks. Currently it is facing some pushback but there is nothing dramatic as of now. It looks like the price is headed towards the monthly resistance MR1 on the way up. That resistance zone is sitting around 100-125 area. I expect the price to pause or pullback once it reaches there. For smaller time frame trades, we will discuss them in separate posts.
Long
by angela_altair
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