Solana Looking for Rise in its Price! {22/10/2023}Educational Analysis says SOLUSDT may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Long?
Broker Binance
Although the SOLUSDT Market is in a downward trend on a daily time frame, On 4 hours it is making higher lows and higher highs.
So one trade is already on with RR is 1:4.85
Disclaimer
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
SOLUSDTPERP
SOLUSDT - Ready for big up move!SOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $19.50
Buy level: Above $19.40
Stop loss: Below $18.70
TP1: $19.8
TP2: $20.40
TP3: $21.20
TP4: $22
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
SOL bottom Head and Shoulders1h time frame
-
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 🔻 SHORT - Target 18.40 SOL 4-hour Chart - BINANCE:SOLUSDT COINBASE:SOLUSDT BINANCE:SOLUSDT.P OKX:SOLUSDT KRAKEN:SOLUSDT
I anticipate during this trading week a test of the (BB) with a possible test of the OB and subsequent downward movement.
I have indicated the levels from which a corrective movement is possible on the chart.
The primary target is 18.40 on the futures market.
Wishing everyone profitable trading.
P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights.
Subscribe ↗️ to stay updated on new ideas.
🔻 SOLUSDT 🔻 SHORT - Local on 01/09SOL - 1-hour Chart -
BINANCE:SOLUSDT COINBASE:SOLUSDT BINANCE:SOLUSDT.P KRAKEN:SOLUSDT
I had hoped to see a breakout of the global BSL range, but instead, SOLUSDT moved lower without breaking out, leaving it intact.
Currently, I observe a rather impulsive downward movement locally.
I anticipate seeing price imbalance filling and further decline to the levels around 18.05 and below.
I have marked the levels from which a price correction might be possible.
What goes against my idea:
Liquidity compression at 21.50-22
Liquidity level at 22.20
Conclusion: In case of a breach of the 21.10 level, the idea is canceled, and it is worth considering a long scenario towards the previously described long targets.
P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights.
Subscribe ↗️ to stay updated on new ideas.
SOLUSDT .P perfomance in last 8 months in 2023This year has been a rough year for crypto. Downward pressure appears with all coins.
With the SOL 1h frame, we see the price continuously entering the red area (possibly signaling a downtrend).
This is test result from the beginning of 2023 to the present including the current bearish period. Let's see how the S1-TM performs in a downtrend.
If you have an opinion or want to see results with Spot SOLUSDT, please leave a comment.
Solana – High confluence Pullback Trade• Solana did amazingly well in this impulsive move-up. In one month, (June 14th – July 14th)
Solana’s price increased by more than 140%.
• I found a high confluence demand zone which could be Solana’s launchpad for another
impulsive move up.
Confluences:
1. Daily Demand Zone (RBR) between 21.2 – 22.
2. 0.5 fib Retracement at 21.67
3. 50D EMA at 21.55
Trade Idea:
• Entry: 22 (demand zone
• SL: 20.3 (mid-range)
• Target: 38.8
• TP: 26.5, 30.5, 38.8
• R: R: 1:5.3 to the second TP
SOL - Short into longI have a short running from almost the pico top, but looking to compound my position in the coming days.
This analysis is mainly based on PA and supported by EW - which is not my biggest strength.
Please read to understand my thought process.
1 - Range play. If it bounces from the deviation fib and gets accepted in the range, 70% of the time it goes to mid-range and then the expansion of the range on the other side becomes the highest target. Since we front-runned it by a few cents, i consider it has hit. A big reason to think the top is in and we're going to make a new low, or at least that we're still in a correction.
2- Price gets rejected hard from VAH of the PA since the proposed A pivot. Oddly, it didn't reach VAL of the May-November range, especially when BTC reached to VAH of the same range, which is around 38 for SOL, with a lot of confluence: Untapped OB, quarterly and monthly vwaps. Putting a macro high and leaving this area untapped is very uncommon; hence I'm open to any ideas that push the price to this zone. But is it going to be from here or lower?
3- This green box has monthly, quarterly and yearly vwaps, and it took two weeks to break above it. I expect this box to hold at least a week, so any touch in the box or liquidity hunt below it is a buy for me. Whether this is 1 or A, we'll see that in the coming days.
4- We'll need to check this in the coming days, but if the price move as expected (the red line), 1:1 target of the move will be aligned with this old range; however, I doubt it'd hold. I prefer the 1.272 level, confluent with the 0.5 (and POC) of the untapped OB and the deviation fib. But good to note it down.
5 - This green box has untapped OB, and the quarterly vwap inside it will act as a magnet in Q2, so I'm favouring shorts over longs for the coming days.
6 - Same deviation fib strategy as mentioned in the 1st note. If it holds and price gets accepted above HKEX:16 , minimum target will be 20.83, but my main expectation will be 37-39 for the reasons mentioned before. My long won't have a hard stoploss and will exit manually depending on the PA, but basically, you'd not want to see a candle close below it.
SOLUSDT at weekly resistance, pullback likelyThis one has reached to the weekly resistance WR1. I expect the price to retrace here. This weekly resistance is a strong one and can hold the price back. The next supports are 4h support 4HS1, daily support DS1 and weekly support WS1. I expect the price to retrace at least to 4h support 4HS1 and probably to daily support DS1.
Solana – Second EntryTLDR:
• This trade is for those of you that missed the first entry I gave (linked idea).
• This trade can also be an opportunity to compound the trade if you took a profit.
• There are two possible reentry points: 17.65$ - 18$ and 15.95$ - 16.71$.
• My medium-term targets for SOL are 26.45$ and 39$.
Entry No.1: 17.65$ - 18$
• This is a demand zone created on the 4H TF. However, this demand zone may be already depleted (blue dot).
• The second confluence for this demand zone is the 21D EMA.
Entry No. 2: 15.95$ - 16.71$
This is an untested demand zone on the daily timeframe.
There is additional confluence for this zone from the Lux Algo Range Sentiment indicator.
Trade Idea:
Entry: 16.76 USD
SL: 15.63 USD.
Target: 26.45 and 39 USD.
TP: Take some profit or move your SL close to the supply zones
SOLUSDT - Falling Wedge PatternSOLUSDT (4h Chart) Technical analysis
SOLUSDT (4h Chart) Currently trading at $20.5
Buy level: Above $20.3
Stop loss: Below $18.5
TP1: $21.5
TP2: $23
TP3: $25.5
TP4: $28
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
SOL/USDT Price Action Analysis 1HHello Traders, Here's my price action analysis on SOL/USDT.P (Binance) in 1 Hour time frame. We broke the downtrend structure mentioned as MSBs ( Market Structure Break ) and Change of characters are also mentioned in charts. Right now we are retracing golden pocket of FIB.R after breaking the download and there's only 18% chances according to the data of 82 Trades that It will break the uptrend in first wave. Our first target is 1 Risk:Reward, and second target is previous swing highs. Don't forget to write your opinion in comment section and like the idea. Happy Trading!!!.
SOL in ascending triangle ?Hello Traders,
Solana has been forming an ascending triangle since couple of weeks now!
It respected its borders very well till now.
-
On the chart you can see the Ascending triangle with its target (move the chart to see it)
Breakout should be before 15 of MAY 2023.
I guess it will be before this date maybe around 5 MAY.
Set your alarms! and let's trade it as it goes!!
STOPLOSS: "TWO" 1D candle close UNDER 20.7$
** Notice that ascending triangles are more bullish than bearish, but in a bear market with all of the following situations running around us worldwide, you have to trade as it does, not by a greater probability.
-
,,, Tell me, do you count this as a Rising wedge? or an ascending triangle?
Thumb up for more <3
Follow for more ideas on another ALTCOINS.
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.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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.