SOL longs looking good, More than 1RR trade with clear invalidatSOL is looking strong and aiming for $111 for 1st TP and will play it until #BITCOIN hits $55.5k.
Solusdtlong
SOL Solana Technical Analysis and Trade IdeaSolana (SOL) demonstrates a robust bullish trend, recently surpassing previous highs and clearing liquidity above a prior monthly high. A potential retracement to the 61.8 Fibonacci level could present a buying opportunity. Our targets are aligned with previous monthly highs, as illustrated in the video.
Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Trading in cryptocurrencies carries inherent risk. Always consult a qualified financial professional and carefully evaluate your individual risk tolerance before making investment decisions.
#SOL/USDT#SOL
The price was pushed strongly to achieve 6X and is currently correcting
There are two possibilities: either completing the ascent directly
Or fall to touch the trend at level 86 and complete the rise
First goal 113.41
Second goal 126.79
Third goal 138.37
Fourth goal 150.85
SOL Re-Accumulation - Watch $138.25SOL looks to be in the last stages of re-accumulation here. I'm currently watching this LPS at $138.25 to finish up the SOS/LPS stage before the next markup
#SOL/USDT
#SOL
The price is moving in a downward channel and is expected to continue for some time
We have strong support at two areas where the entry can be distributed twice
The idea of correction is supported by the correction in alternative currencies during the current period
First level 60.00
Second level 42.00
With goals up to 160.00
SOLUSDT at weekly resistance right nowThe price has been in uptrend since end of 2022. It has not broken the high it had set in 2021 but it has covered a significant distance from its low in 2022 end and has come close to its all time high zone. However, the price is currently trading at a weekly resistance level WR1. The price did experience a pullback from that resistance zone but quickly backed up and now trading again in that resistance zone. Looking at the momentum, the possibility of the price to break this resistance cannot be ignored, however, a bit of caution is definitely warranted. The next resistance zone is WR2 which is also a monthly resistance zone sitting around 198-208. However, I believe there would be some struggle there but the price will eventually break that and move upward. The more significant resistance is the currently weekly resistance WR1. Let us see how it plays out.
SOL Inverse H&S Target - Monthly FVG $147.96I usually don't trade retail patterns but I do like to take measured moves for additional confluence on my levels to see which ones will be most important. In this case, I could see this playing out like this, right up into the monthly FVG
#SOL/USDT#SOL
On the 4-hour frame, we have a good bounce heading into the downtrend
We are about to touch the trend and correction slightly before completing the rise
This rise is supported by the breakout of the Moving Average 100
Entry price is 98.00
The first goal is 103.38
The second goal is 108.63
The third goal is 114.70
The fourth goal is 121.32
SOLUSDT: Signaling Strong Bullish Trend, Upside Potential +40%?Hi Realistic Traders, let's delve into the technical analysis of $BINANCE: SOLUSDT
Embracing Dow Theory's core idea that "history repeats itself. In September 2023, we witnessed a breakout from a falling wedge pattern. Following that breakout, prices kept climbing in a bullish trend. Recently, we noticed a quick bounce at the 0.5 Fibonacci Ratio, coupled with breaking the upper trendline of the falling wedge. This move was confirmed by a bullish crossover on the stochastic—similar to what we've seen before. So, based on these signals, we're projecting a potential bullish run toward our target area.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
SOLANA Traders.....Have you ZOOMED OUT lately? SOLANA has switched from a Bull Channel to a Bear Channel.
We're now on the 7th day of this new bear channel.
RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023.
If you found this interesting or helpful, click the rocket! --------->
SOLANA: Approach to important support areaHi everyone!
Solana's main trend is up in the long term. After completing the bullish structure in the $265 area, SOL triggered an important corrective structure which correctly reached the first support area around 8.50. That said, a consolidation is possible in short term but from a technical point of view, it should be interpreted as an opportunity to take a long position.
NB: Analysis shown is on a logarithmic scale. Trade with care....
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SOL trade in best zones📊Analysis by AhmadArz:
Entry in high & low levels
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Solana to the moon?Another in a series of ideas, I'm posting it so I don't forget about it, so if it keeps up we'll see a solana around 500 +? I think one day yes =D hold on and watch out if it wants to fall on our heads for the whole summer. Maybe we'll see saltwater around 10-+usd down the road, so maybe not
Solana Re-Accumulation - Look out for the spring!Watch this re-accumulation, the spring should take out the SOW low and bounce back hard. A spring should be a fast manipulation move meant to take out all of the liquidity before moving back the other way. If it doesn't bounce back fast, it's invalidated! Keep an eye out for it and if you play your cards right, you get a fantastic entry for the next move
SOL Accumulation - Nailed the Bottom, Now Take Profits!Another one where we nailed the exact bottom. February 23rd, 2024 @ 11:04 PM
Now make sure you take profits on the way up!
SOL - Long your LongsIf you have been following me, I have been following this CRYPTOCAP:ETH fractal since $8 Solana. We have recently reclaimed prior support and attempting vertical ascent. Please see charts below I have posted on here as we have transcended since $8 Solana. Much Love, @CryptoCurb
2021 CRYPTOCAP:ETH
vs
2024 CRYPTOCAP:SOL
You simply are NOT bullish enough.
Run it, #SOLANA
#SOL/USDT#SOL
The price is moving in a bearish channel on a 1-day frame, and it has now been penetrated and is being retested
We have a strong support area at 75.00 if the channel is broken down
Therefore, there are two possibilities that it will continue to rise directly from the current level
Current price 97
First goal 107
Second goal 116
Third goal 126
If the pattern breaks down, we will go to the main support area 75 and thus bounce from it
#SOL/USDT#SOL
The price is moving in a downward channel and sticking to its limits well
It was hacked upwards and is being retold now
We have respect for the lower border of the channel at the 100 level
We have an uptrend on the RSI that the price is following well
The first entry price is 107.41
The second entry price is 102.00
First goal 111
Second goal 115
Third goal 119
SOLANA to 120??New week, same old opportunities..
Based on the chart, we are still in a bullish cycle, SOL has just completed a correction to complete wave 4, so from here we are expecting the price to go up, in order for wave 5 of wave 3 to be completed, then we will follow what the market price gives us.
For now ride the wave to the ATHs.
"Solana" returns to its heyday✔️✔️By examining the trend in the four-hour time frame, Solana has a very important support range in the range of 106.30-103.37, and if it is maintained, the rate can increase to the resistance range of the ceiling of the ascending channel in the range of 126.99-124.14 dollars.📌
SOLUSDT: This way trade in 1 hr timeframeHello friends . Long So Short with me by SOLUSDT ;
according to the chart we expected the price touch the 103.89 so start downtrend by this way in the chart .
1.Long Position :
entry : 102.78 $
target : 103.89 $
sl:102.78$
2.Short position
entry : 103.89
sl :104.66
target: 100.59
Long Position on SOLUSDTAnalysis:
Bullish Divergence in RSI: A bullish divergence is observed in the Relative Strength Index (RSI), indicating potential upward momentum.
Stop Loss Protection: The Point of Control (POC) from the volume profile can be used to protect the stop loss, providing a key support level.
Take Profit Levels:
TP1: Set the first take-profit level between the 23% and 38% Fibonacci retracement levels.
TP2: Place the second take-profit level between the 50% and 61% Fibonacci retracement levels.
TP3: Target the third take-profit level at the 78% Fibonacci retracement level.
Use of Gray Rectangles: Gray rectangles, derived from open interest and representing areas with the highest volume, are used to set the take-profit levels.
Trade Plan:
Entry: Consider entering a long position based on the bullish divergence observed in the RSI.
Stop Loss: Protect the trade with a stop-loss order placed below the Point of Control (POC) from the volume profile.
Take Profit:
TP1: Close a portion of the position at the first take-profit level between the 23% and 38% Fibonacci retracement levels.
TP2: Take additional profits at the second take-profit level between the 50% and 61% Fibonacci retracement levels.
TP3: Target the final portion of the position at the 78% Fibonacci retracement level.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
Solana (SOL) UP UP UPAnalyzing the Solana (SOL) 1D chart, we see that the price has experienced substantial growth and is now navigating a retracement phase. The Relative Strength Index (RSI) has recently dipped from overbought levels, now floating around the mid-range, which suggests a normalization of buying pressure.
The Moving Average Convergence Divergence (MACD) histogram is decreasing in height, indicating a reduction in bullish momentum, yet the MACD line remains above the signal line which typically conveys bullish market conditions are still in play.
0.618 FIBO level often being a key area of interest as it is commonly seen as a potential reversal zone. Currently, SOL's price action is hovering around this level, and the market's response here could determine the direction of the next significant price move.
Break of Structure (BOS) and Change of Character (Choch) indicators are marked. The BOS signals are aligned with considerable price movements, which could be indicative of institutional or 'smart money' interest at these levels.
Volume Profile Visible Range (VPRV) highlights a concentration of trading activity at lower price levels, implying potential support areas if the price were to retrace further.
Traders should be wise to watch for any bullish or bearish confirmations at the 0.618 Fibonacci level as well as any further SMC signals that may dictate the strength of the current trend and potential reversal points.
