SOLUSDTPERP
SOLUSDT: SYMMETRICAL TRIANGLE, SIGN OF LONG OPPORTUNITY AHEAD?Hello Fellow SOLANA Investor/Trader!
SOLUSDT is forming the symmetrical triangle on the chart. Symmetrical triangle is a continuation pattern that may indicates a sign of bullish continuation ahead. Will SOLANA move upward as the chart form bullish continuation pattern?
*Complete Explanation is presented on the chart*
The roadmap will be invalid after reaching the target/ support area .
"Disclaimer: This is only an outlook, not a recommendation to buy/sell cryptocurrency."
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SOL (Solana) Coin Analysis 24/03/2021Fundamentals:
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 42 in the CoinMarketCap ranking as of February 2021.
Anatoly Yakovenko is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.
In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague Greg Fitzgerald, and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
Technical Analysis:
there some chance of trend retracement to the lower prices like Fibonacci Retracement 61.8% or 76.8% but ultimately This Coin will climb the higher prices as it has a very good Fundamental Potential
there are total of 3 Targets specified with Fibonacci projection where as the 3 TP gets its Confirmation as the 2 TP gets triggered followed by some price Correction.
Potential Short position | SOL/USDT | Be ready!As you can see, The market is so bullish at the moment and Solana had been grew about 9% in the last 12 hours.
For now, I'm getting ready for a potential short position on SOL/USDT, Take this position when:
1. You saw a breakout of the Current ascending trendline.
2. A fake breakout of $105.90 resistance(Price must be under this level).
3. Set your stop loss above resistance and last higher high.
Good Luck
SOL/USDT DAILY TF TRADE SETUPHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Welcome to this SOL /USDT TRADE setup. SOL makes this desanding channel pattern.
Entry range:- $84-$90
Target: 80%
SL:- $75
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
SOLUSDT H&S SOLUSDT has reached the 4H resistance level on which it got rejected , so now hopefully Head and shoulder Pattern will be formed and push the price below (Day timeframe is already in Bearish making LH and LL ). Go for short accordingly. Other scenario might be if it breaks 4H resistance and breaks above 106 then we might see a trend reversal towards Bullish trend.
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As shown here, solana is at the tip of the falling wedge pattern.
The question here is, “will solana break out of the falling wedge to the upward direction or downward?”
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SOLANA Daily Analysis Update🟢 SOLANA broke out from long-term downward resistance and confirmed it as support. now price touched the ascending support. if the price holds the current support and heads up it can shape a reverse head and shoulders to reach a resistance zone between110$ and 120$.
in long term, it is possible to reach 0.5 and 0.618 fib levels of Fibonacci from swing low.
breaking down from ascending support, can drop the price to next supports around 70$ and even 45$.
⚠ This Analysis Will be Updated.
📆0.3.05.2022
✍ Analyzed By Amirhossein
⚠ DYOR
SOLUSDT- Inverse Head And Shoulders PatternSOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $96.8
Buy level: Above $96
Stop loss: Below $84
Target 1: $103
Target 2: $108
Target 3: $116
Target 4: $125
Max Leverage 3x
Always keep Stop loss
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SOL, SOLANA, SOLUSDT Long Opportunity 20220228SOL may be in a Demand Zone, which could become a bottom for a march to new High
Signals: Blue in multiple timeframe
A confirmation of break through the upper resistance line is better
SOL SOLANA SOLUSD SOLUSDT SOLUSDTP CRYPTO CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
SOLUSDT: It will form new lowsHello Traders!
SOL is ready to form a new low and I am expecting that its low will end at 72.88 which is my true reversal point. It's about 25% depreciation.
You might see noticed something different about how I plot trendlines and how I plot arrows. Believe me, 99% of people are plotting the line in the wrong way because they are taught wrong and they are also teaching wrong and unlimited people lost everything because they were also taught wrong.
I might not teach you again so you are lucky that you read this message and you found something mind-opening.
If you are new then you won't understand anything so first read some books for a better trading career and then apply my method.
Whenever there is correction/consolidation the first pattern ends with the first breakout from both sides. It does not expand more.
The next pattern starts with the two tops and two bottoms. What gurus teach their premium students is that whenever you see a breakout from the upside you will buy and whenever you see a breakout from the downside you will sell (It never works, after learning this be their guru and teach them so their students stop losing money). In my method we will do the opposite whenever we see a breakout from the upside we will sell till the breakout of the bottom. Before taking another trade we will draw the second trendline starting from the top(1) where we will connect it from the top with the High that broke the previous trendline(2). In the same way, when the market broke the bottom trendline we will buy it till the break of our new trendline from Top. It will continue this 3/4 times then we will see an impulse wave and with that impulse wave, this Money generating pattern will end.
Let's hope the trend will change and people will start to provide correct knowledge.
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SOLUSDT: BEARISH CHANNELING, ALTCOINS DROPS EVEN MORE?Hello Cryptocurrency Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :)
SOLUSDT is creating a ascending broadening wedge, We will wait for the breakout as the confirmation of the potential bearish continuation to the target area.
The roadmap will be invalid after exceeding the resistance/target level
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This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
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SOL/USDT 2 HOUS ANALYSISWelcome to this quick Update, everyone.
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SOL/USDT breaks out the ascending triangle pattern and comes for retesting the support level.
Entry: inside the green box
Targets 20% TO 30%
Stop Loss: $85
What's your thought on this?
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Solusdt: Time to fallHello traders!
I am expecting a reversal from 102 price. This drop will take Sol to break the previous low.
We have already done this big sell target in Sushi and now this time is to gain profit from SOL.
Stoploss is -2.5%
Target is +22%
Suggested leverage 12x
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#SOLUSDT Best Buy levels here.SOL is one of the best projects out there..
It has shown insane growth, almost $1 to $260 in less than a year! That's 260x
It needs to cool down a bit.
IMHO the best buy range fro Solana would be anywhere between $38 to $58.
I am not interested to buy here for long term.
FOR SCALPER: For scalping the scenario is different, Short term support around $88 is good and $88 to $100 is a good scalping range.
If you have doubts and don't want to miss the next run.
You can just follow the DCA strategy.
I am more of a trend trader.
So I don't really do much long term holding strategy in Crypto.
I always try to get the best entries possible in the market where no one is interested and try to take profits on the way up..
What's your thought on this?
Do hit the like button and share your views. in the comment section.
Thank you
#PEACE
SOL/USDT is Expected to Drop From HereAfter breaking its support level on Daily Chart, SOL/USDT has now formed a triple top on 4 hours chart. The coin is currently moving in a range. And its overall calculation says that it will now break the support it has formed on 4 hours chart because it has already broken the Daily support..
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