Is SOLANA really bullish? A different lookEveryone is super bullish on SOL, and I have been also, look at my previous post:
But are we still bullish is the question?
We hit a 2.618 on logscale exactly for this top, and thats HUGE. So far we are holding a triangle like consolidation pattern at the top but we are setting lower highs and support has been tested 7 times! This will not hold forever if we keep testing it.
If we have a catalyst event this could cause a strong breakdown after so many attempts.
So what can the cataclyst be in "uptober" where everyone will leverage long like true degens.
- Market data has been proven incorrect and better than expected. What happens if the FEDs announce that they don't need to cut rates? Crypto will absolutely not like this.
- Israel or russia war events can cause huge disturbances to the market
- ??
Am I saying short SOL? No. I'm saying prepare for a possible unexpected turn of events where the entire market is wrong, like always, and you will be prepared.
I for one got 3 big limit orders with the major ones being $69 hihi, and $40. If we actually break down i don't expect $80 to be anything more than a bounce.
Solusdtshort
#SOL/USDT#SOL
The price has broken the descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 126
Entry price 139
First target 145
Second target 152
Third target 162
SOLUSDT. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
SOL shortIn continuation of more general overview (see "Related publications" below)
Expecting the SOL/BTC SOL/USDT pairs to correct together with the market correction, but with much higher amplitude. SOL/BTC is still standing strong compare to overall alt/btc pairs, and the ecosystem.. well, i see the similarities to the XRP behaviour and high value during initial crypto run for example. overall - overvalued. Thus, the correction on BTCUSDT equals to the correction on SOL/BTC, SOLUSDT pair to drop into 60-70 range, prob lower.
#SOL/USDT#SOL
We have an upward trend pattern on a 1-hour frame, the price is moving within it and adhering to its boundaries well
We have a resistance area in green at a price of 140 after the price touched it and rebounded from it
We have a trend of stability below the moving average of 100
We have a downward trend on the RSI indicator that supports further decline
Entry price 135
First target 132
Second target 130.24
Third target 128.40
#SOL/USDT#SOL
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at a price of 140
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 142.20
First target 149.31
Second target 152.89
Third target 156.31
SOLANA Update - About to get BEARISH?SOLANA (SOLUSDT) looking weak here.
SOLANA has hit the Trailing stop loss at $154.8 and I have closed my LONG position as per the Risological swing trading indicator.
If the current 4H candle closes in red, I will look for fresh SHORT opportunity.
In any case, Iam ready to catch the right trend and trade.
Market is looking weak right now, though that might change in just one reversal candle.
Cheers and all the best.
#SOL/USDT#SOL
The price is moving in a descending channel on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 136.50 from which the price rebounded
Entry price 139
First target 144
Second target 150
Third target 156
SOLUSDT & BTCUSDT, Thu 15 Aug, Prepare for NY or Pm Sessions!My Range of price of Both showed in chart!
I expected , the price rise up and reach to oone of these FVG`s and
Then start to downward!
I am ready for this, I will only trade SOLUSDT and get confirmation from
BTCUSDT`s Price !
Try to up to date my idea after 9:30!
What do you think?
Please share your comments and ideas with me!
Happy Trade!
Second big shortAnalyst AhmadArz📊
🕹 Price Action: The chart shows a recent drop followed by a retracement, indicating a potential continuation of the downtrend. The price currently sits below a significant resistance level around 184.93 USDT, which has previously acted as a barrier to further upward movement.
▶️Entry : 165.94 USDT
🔴Stop Loss (SL): 174.87 USDT
🎯 Target Points (TP): Four target points are marked on the chart:
- TP1: 158.45 USDT
- TP2: 150.62 USDT
- TP3: 140.21 USDT
- TP4: 130.04 USDT
These targets are aligned with the expectation that the price will continue to drop, offering potential profit-taking opportunities at each level.
🚨 Risk/Reward Zones: The red zone above the current price represents the potential loss area if the trade moves against the anticipated direction, signaling where a stop-loss might be placed. The grey zone indicates the profit area, showing the expected price levels where the trader might consider exiting the position to secure gains.
🔍Simple: Loss or Profit: This annotation underscores the straightforward nature of the trading signal—either the trade will hit the stop-loss and result in a loss, or it will reach one of the target points, leading to a profit.
The overall sentiment in the chart points to a cautious but calculated bearish strategy, aiming to capitalize on the expected downward movement in the SOL/USDT pair.
Thank for boost this idea.🙏✨
#SOL/USDT#SOL
The price is moving within a descending channel pattern on a 1-day frame and is expected to reach the upper limit of the channel, which is a resistance level
We have a downtrend on the RSI indicator that has been broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 120
We have a trend to stabilize above the moving average of 100, which supports the rise
Entry price 150
First target 164
Second target 174
Third target 184
#SOL/USDT#SOL
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 111
We have a trend to stabilize above the moving average of 100
Entry price 115
First target 125
Second target 135
Third target 146
SOLUSDT, Tue 30 Jul, Simple Pattern & Simple Trade Position!The Price was hit the High of Last week!
Simple pattern was formed.
When The price (Rise up)reach to FVG in top
May Expect to have a High Profitable short trade !
Of course, it is possible to trade long until reaching the such FVG in 15m TF!
Happy Trade!
SOLUSDT Looong or Shoort?Based on the previous analysis I had done earlier, I anticipated that a bullish momentum will build. This coin has now broken the upper trendline, which I assume will be converted to a support zone, if the price retests that zone.
Let us wait and see so that we can confirm our position.
SOLANA USD Bearish Robbery Plan to steal moneyMy Dear Robbers / Traders,
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Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
SOL, Break of the Previous Ceiling or Start of Wave C?Hello dear friends, I hope you are all well.
Important note: First, read the previous analysis I shared on Solana, then proceed to this analysis.
For several reasons, I see Solana as bearish:
1. Thankfully, the previous wave count analysis was correct (meaning it completed the 5 main Elliott waves and then entered the corrective phase).
One thing I realized today is this:
In the previous analysis, I did the wave count in the weekly time frame, but I shared the roadmap and type of decline in the 4-hour time frame.
When I look at the chart in the weekly time frame, this deep correction is only wave A, and we are now in the structure of wave B.
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The higher wave B goes, the less the decline of wave C will be.
For example, if the end of wave B is around $183, the decline of wave C will be between $89 and $63.
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In the Solana dominance chart (SOL.D), the period from June 7 to June 17 is the most important time area.
It is likely that during this period, Solana's dominance will undergo a change.
Structurally, I see nothing but a repetitive Elliott cycle.
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In the RSI indicator (SOL.D), the main weekly trend has broken, and we are heading towards a pullback decline.
If there is any change in the chart structure, the analysis will be updated.
If I identify a precise bearish pattern or timing, I will update the analysis.
Thank you for taking the time to read.
I hope you have profitable trades.
Price and time analysis of Solana, Structure of Wave BHello dear friends, I hope you're doing well.
As you can see, Wave A has completed, and we're now inside Wave B.
The structure of Wave B closely resembles Wave 4, with the difference being a throw-over.
Typically, it moves within a pattern like a triangle or a sideways range.
In this wave, the likelihood of a fake breakout is high.
Essentially, it's a wave of deception. I hope you find this beneficial.
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(As you can see, in Wave 4, the price moves within a triangle or sideway.)
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Time analysis:
March 30th is a very important day.
The period until April 13th is likely to be the last bearish days for Solana.
I take a short position from 190$ area.
My final target is 120~110.
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
#SOL Below 50 USD in Future I am also confused about what problems might arise in SOL. But the technical chart on the daily time frame is indicating that SOL will crash in the coming time and could go below $50. I would be happy in the future if my analysis proves wrong. But if you are long in SOL futures or margin, you should definitely reconsider this once.
SAFE TRADING.. SOL IS NOT SAFU..