Solusdtanalysis
SOL reach all Targets and here is higher one1h time frame
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According to our previous analysis about SOL, this Head and Shoulders has been providing lots momentum to pump.
Here is the best timing to set protective stop to avoid unrealized profit gone.
Adjust SL from 18 to 22 or 20
Also, if you remain partial positions, I set two higher targets at 25.1 and 28.3, which are the next resistance zones.
Previous post as below.
[EN] Solana restructures to the upside // GaliortiTradingAfter overcoming the 2021 bearish trend line, the stock has performed a pull-back and rested on its long-term bullish trend line. From there, BINANCE:SOLUSDT restructured to the upside .
Donchian channels restructured to the upside .
After 127 weeks the RSI attacks for the third time its long term bearish trend line . If it breaks above it, the upward stretch would be considerable, with its first target at $49 . Medium-term target: $140 .
Pablo G.
SOL bottom Head and Shoulders1h time frame
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SOL creating a potential bottom HS. Currently, getting support at 19, However, right shoulder hasn't formed yet, so we might see lower low of RS. Neckline of this HS is obvious at 20.5
Once SOL break neckline on upside, there are two targets as below.
TP: 21.8~22.5 / 23.78
SOLUSDT - AnalysisSOLUSDT
W1 - The price cannot choose a clear direction, but if we say that it is a flat, the price updates both highs and lows, global movements cannot be considered. Locally, the price may reach 48.10 if it grows. When falling 12.77
What can you expect?
Movements to the upper maximum - with targets 32.03 - 48.10 with possible continuation of the movement
Long
Targets – 24.81 - 29.10 - 35.31
Long-term perspective – goals 24.81 - 32.03 - 48.10
SOLUSDT heading down towards weekly supportThe price seems to be heading towards the weekly support WS1. It has lost important support levels and the next good support is the weekly support WS1. Therefore, it seems logical and probable that the price will head there before finding any meaningful support and bounce. A long definitely will be favorable once price reaches WS1 as there should be good enough bounce to make a long trade favorable.
SOLUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Targets: 27.5 - 33 - 39
after first target reached move ur stop to breakeven
Stop: ~18 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
SOLUSDT still at weekly resistanceHere is an LTF view of SOLUSDT. The price is trading rangebound between hourly support and resistance. This hourly resistance is a bit above the weekly resistance one WR1 which has held the upward movement of the price experienced in the past few days. The price has hit the hourly support several times only to bounce from there and has reached to the hourly resistance a couple of times only to be rejected. At present the price is bouncing from the hourly support and trading just above it. I expect that it may move up to 21.80 and then start going down. On high time frame, probabilistically it makes sense to go long only after weekly resistance is cleared. Until then short is favorable from weekly resistance on large time frame. Not in trade for this one at moment.
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.
Nothing has changed from my last idea, everything according plan.
We start to grow like i expected.
Entry: We're in pos from 17.3(look at related idea)
Targets: 30 - 40 and maybe 50 (not sure)
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
What kind of reward do Solana SOL holders expect?The price of SOLUSDT has weathered yesterday's "helicopters" in the cryptocurrency market quite well. However, it is still in a downward trend channel since the end of 2021.
It seems that only the most steadfast holders of Sol remained, who believe in the Solana project and will not drain the token under any circumstances.
And if we also take into account the fact that FTX is expected to resume operations in the second half of 2023 and early 2024 with a return of 50-70% of the lost funds, this may play a positive factor for the Solana project.
Here, we have described in detail how closely Solana was connected to FTX and related entities.
So, as of the time of writing the idea, it looks like $19.50-26.50 is the zone for accumulating long positions.
Above $26.50, a powerful upward momentum should be generated to break the downtrend. The first target for such growth is 42-47$ , as the upper boundary of a long-term liquidity zone.
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Sol Looks Promising Here Solana has recently broken out of a descending channel, and this breakout has already been confirmed. Currently, the price is in the process of retesting the breakout level. If this retest is successful, it could potentially lead to massive gains for traders who are long on $SOL.
A successful retest would mean that the price of Sol holds above the previous resistance level, indicating that the previous resistance has now become a new support level. This would be a bullish sign and could attract more buyers to the market.
If Solusdt manages to hold above the breakout level, it could potentially move towards 45$
Traders should keep an eye on the price action near the breakout level to determine if the retest is successful. It is important to note that a failed retest could lead to a drop in price, so traders should always have a stop loss in place to manage their risk.
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.
Entry: market and lower (17-14$)
Targets: 30 - 40 - 50
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions