Solana WeeklyWeekly price back testing channel and weekly support. New all time highs with a weekly close above weekly resistance at 201 respectively.
SOLANA trade ideas
SOLUSD Swing Long Opportunity - A Deeper Dive with TD SequentialBINANCE:SOLUSD is flashing a long signal on the daily chart, with a potential entry point around $175.65, a stop-loss below the entry bar's low, and a profit target at the TI Setup Trend Resistance near $228.95.
The Setup:
A Perfect Red Setup 9 has appeared on the SOLUSD daily chart, a classic TD Sequential signal suggesting the current downtrend could be nearing its end. This pattern, where the last nine consecutive bars close lower than the close four bars prior, often indicates exhaustion of the prevailing trend and a potential reversal.
Distinction and Entry Point:
It's crucial to distinguish between a Perfect Red Setup 9 and a Non-Perfect Red 9. The "perfect" setup requires specific price action criteria to be met during the setup, increasing the reliability of the signal. We have a confirmed Perfect Red Setup 9 in this case, making it a stronger signal than a Non-Perfect Red 9. Therefore, the suggested entry point is slightly earlier, looking for a close above the high of the Perfect Red Setup 9 bar, which is around $175.65. This allows traders to capitalize on the reversal sooner while maintaining a disciplined approach with a well-defined stop-loss.
Confirmation and Risk Management:
While the Perfect Red Setup 9 is a strong signal, confirmation with additional bullish indicators is always recommended. A price flip (Green Setup 2 appearing after the Red Setup 9) or bullish divergence in the RSI could further strengthen the long bias. A trailing stop-loss can help lock in profits as the price advances.
Disclaimer: This article is intended for educational purposes only and should not be construed as financial advice. Always conduct your own thorough research and manage your risk responsibly before making any trading decisions.
Big Idea: Swing Trade Setup for SOLUSDT BINANCE:SOLUSDT is showing signs of a bullish reversal backed by the Momentum Reversal Indicator (MRI), along with key technical levels derived from daily, weekly, and monthly charts. This trade setup leverages trendline analysis, Fibonacci retracements, and RSI confirmation to identify an actionable swing long opportunity. BINANCE:SOLUSDT
Key Levels and Signals
Entry Point: Above $195 upon confirmation of a price flip (Green 2 > Green 1 on the daily chart).
Stop-Loss: Below the recent swing low of $180 .
Take-Profit: Target $228.95 , the TI Setup Trend Resistance level.
Risk-Reward Ratio: At least 1:2 , aligning with standard risk management practices.
Technical Analysis
1. MRI Signal Overview
A recent Non-Perfect Red 9 was detected on the daily chart, signaling potential trend exhaustion of the bearish movement.
MRI countdowns confirm that bearish momentum is nearing a conclusion, paving the way for bullish price action.
2. Support and Resistance
Support Level: Recent swing low at $180 , which aligns with local demand zones and key Fibonacci retracement levels.
Resistance Level: $228.95 , identified as the TI Setup Trend Resistance on the daily chart, acting as a natural take-profit target.
3. Confirmation Indicators
RSI: Look for oversold conditions (<30) or bullish divergence to validate the reversal.
Trendline Breakout: A break above $ 195 , coupled with a Green 2 closing above Green 1, confirms upward momentum.
Fibonacci Retracement: The 38.2% retracement level aligns with the identified resistance zone, adding confidence to the take-profit target.
The Trade Plan
Action: Go Long 🚀
Entry Trigger: Enter above $195 , only after confirmation of a price flip (Green 2 > Green 1).
Stop-Loss: Place below the swing low of $180 to manage risk.
Take-Profit: Target the next resistance level at $228.95 , where price may face selling pressure.
Trailing Stop-Loss: Use a trailing stop to lock in profits as price moves favorably.
Risk Management
This trade offers a well-defined risk-reward ratio with clear stop-loss and take-profit levels. Ensure that your total risk does not exceed your portfolio's limits, and adjust position sizing accordingly.
Conclusion
SOLUSDT presents an exciting swing trade opportunity with favorable bullish signals and technical setups. Watch for confirmation before entering, and be prepared to capitalize on this potential reversal.
📉 Let me know your thoughts or if you see additional confluences! 📈
💡 Disclaimer: This idea is for educational purposes only. Always conduct your own analysis before making any financial decisions.
SOL - Cup and handle formingLooking for the handle to finish forming, and for a rush of volume to come in. This pattern has been forming for the last 3 years so if it does play out, it would likely be a big move. My first target is between the 2.618 and 3.618 extensions. This has the potential to go a whole lot further than the 3.618 Fibonacci extension, if it goes the whole depth of the cup that would put the price into the upper 7700's. Watch for the volume as the handle finishes!
Solana is the best present you can get right now!!Solana is soaring to the moon on 3Month, 1month, 1Week, and even 1Day time frames
History
So I believe that Solana will soar high because 2 years ago in Christmas it started reaching for its all time high in the same way as it is right now.
Media
No negative press associated or targeted at solana.
Brokers are now being trusted more, countries are starting to adapt cryptocurrency in multiple ways such as backup currency, and method to buy items.
Countries are speaking well about cryptocurrencies .
Solana is known as an upcoming cryptocurrency in it's starting point which has survived multiple harsh periods in the cryptocurrency market.
Technichal Analysis Key Points
Solana is hitting a key support level, helping it breakout of the tough constraints of the resistance level's.
A bullish pattern has formed on the 1day, 1 week and, 1 month timeframe Its begun its breakout and is now returning to retest the key support level which is supported by the 3month bullish trend line.
Technical's offered by trading view also show a short term bear market forvthe ultimate bullish market ahead of us.
MACD shows that the entrance of bullish buyers is near supported by the RSI 14 that shows that currently the market is oversold hinting at a new strong bullish reversal.
$SOL almost backCRYPTOCAP:SOL took a little longer to arrive. But now it seems that he actually wants to return to his channel.
I also see this happening in RSI on the 4 hour chart. If this continues, we could easily go back to the bull side with our $SOLANA.
For now I see it positively and I think if Bitcoin does not complete its correction or if I am just completely wrong, we may enter the bull market again.
The more charts I see, the more positive I become.
Be kind to the world and each other!
HAWK TUAH IT'S A TOPTops in any bounce will be a bull trap that noobs cheer for new highs that won't come - we're now entering the bagholder phase...all the fools who entered this market late will start getting really defensive and sensitive over their positions until they're completely rekt then they will just disappear like the last cycle.
solana longDips are for buying.
Nice fib retracement .
I think this is the turning point.
Long and strong.
Solana Bearish Continuation TrendVolume profile analysis on price movement
We can expect price to head back to $120 Major support level making that a total drop of ~50% similarly to ALU.
SOLANA TO $140Solana could potentially see a big dip in price if BTC continues in short downward trend.
As we all know SOL is correlated directly to the movements of BTC, in fact they are exaggerated on the SOL market, a 2% price movement on BTC could see 7-10% on SOL. If BTC continues downwards then Solana can jump from $180 to $140, there is also TA to support this.
As you can see from the TA the SMA's have crossed over on the daily time frame but we are yet to have a pull back and retest, when this does happen it would likely be to the $210 price range, this would line up with the 61.8% retracement as well as the next major resistance level.
This is when i would look to enter if we get a clear rejection from the SMA's, the resistance level and the 61.8% fib level. If SOL rejects this price then i believe the target for this short would be the $140 price area, this is the price that the fib gives us as well as the next major support level being located around this price.
Of course it'll have a lot to do with BTC's movements over the next few days / weeks so we'll watch BTC closely to see how it influences this potential trade.
SOLANA // phases of the long trendThe valid daily short countertrend has reached the weekly breakout, deep into the corrective space.
With H4 turning long, the market enters in the correction of the correction.
The next phases of the long trend continuation are on the chart.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
$SOLUSD BuyCOINBASE:SOLUSD
Technical Analysis
This chart suggests the price is in a corrective phase, with confluence around key Fibonacci levels. Divergences in RSI, Williams %R, and MACD support this corrective structure, while the Elliott Wave count indicates the potential for a strong rally in the next impulsive wave.
Fundamental Analysis
1. Anticipation of Solana Spot ETFs:
Following the successful launch of Bitcoin spot ETFs, there is growing speculation about the introduction of Solana-based ETFs. Such financial products would make SOL more accessible to traditional investors, potentially increasing demand and positively impacting its price.
2. Positive Technical Indicators:
Analysts have observed bullish technical patterns in Solana's price charts, suggesting the potential for significant growth. For instance, the formation of a 'cup and handle' pattern indicates a possible upward breakout, with some projections estimating substantial price increases if this pattern holds.
3. Evolving Regulatory Environment:
The recent approval of Bitcoin spot ETFs and a shift towards a more crypto-friendly regulatory stance in the U.S. have increased optimism for the approval of Solana-based ETFs. This regulatory shift could enhance Solana's legitimacy and attract a broader investor base.
These developments contribute to a positive outlook for Solana, indicating potential for continued growth in the near future.
SOL Weekly BloodBathBINANCE:SOLBTC BINANCE:SOLETH CRYPTOCAP:SOL So everyone is yelling and screaming about SOL - Lets take a look at the weekly chart and take a deep breath. COINBASE:SOLUSD - ATH was already hit at around $264. Chill
Solana Short Term Bearish Moment, Still Bullish LongtermHoping for a reversal of the bearish trend to challenge levels back into the descending channel. I have created 2 parallel retracements within a the descending channel to provide a good snapshot of good buy zones. When i say good buy zones i mean for DCA levels...
We are still in a bullish crypto cycle but a pullback to the 80 levels for BTC is still possible. I'm not overally phased by this and wouldnt mind it to be honest for a flush out.
Yellow trend lines are now broken support levels and i just want to keep an eye out of what happens next to those levels, if they now turn into resistant levels but overall still expecting a consolidation phase now before another move up.
This won't be a quick reversal, there is also heavy resistance at the 247 and 264 levels.
Short term i'd like it to first jump into the 26-50th area in the descending channel then try break the 206 level which is the next level of resistance to break.
*non financial advise.
SOLThis has always been a bullish pattern. SOL right now is in a prime spot for some positve price action. The SOL/BTC pair also looks like its in a great position to find some support. The overall market needs to stop bleeding. It seems like the BTC-D has very little life left in it and is ready to start falling again. Im keeping my eye on SOL.
$SOL Bottom Should be In! Look at how perfectly geometry lines up the bottom for CRYPTOCAP:SOL at $175
Price sling-shotted back ~12% to reclaim the .786 Fib above $190
Look for price to consolidate around this level to confirm the reversal.
RSI fully reset back to Yen Carry Trade Collapse level.
$SOL deep deeper deepest!CRYPTOCAP:SOL is back in his channel. Sol has been corrected very deeply. I hope that Sol will first test and break the supply zone and then move on to the next one for a retest outside its trend for a retest on top of the trend and demand zone. As soon as that pattern is complete, we head to the ATH. First let's test and break that supply zone.
SOL wait for entryCorrection is happening after SOL has reached its ATH.
My Long set-up is as in chart. Entry will be around $200.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
SOLANA // target reached, what now?The market has come all the way down to the weekly breakout and the correction fibo 78.6 with an impulse.
After such a fast impulse bumps into a strong support, chances are high that some kind of a correction of the impulse will come.
It doesn't mean, it turns from here, and goes to new highs, though!
The daily countertrend breaks above the daily impulse base (higher green level), but the countertrend line breaks at the daily breakdown (lower green level). Above that, if the waves support, the bull trend resumes.
Below the long trigger zone, every move up is only the correction of the correction, therefore, quite risky.
There is space to take the long side from here, though, so It may be a good opportunity for a good day trader. I'd definitely wait for H4/H1 to turn waves long.
The price may go to the weekly impulse base, but I would wait with the short until the market is trading below the weekly breakout. The reason is that at this phase, accumulation may kick in, with sudden ups and downs on the market.
What's is your opinion about this market? Fell free to share it!
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
SOLANA // Will the correction reach 61.8?The daily short countertrend is valid, and the market has reached the correction fibo 50 level.
The question is: will it reach 61.8?
If the market can significantly break the last clear H4 breakout, it may have a chance.
If it turns up, and there is a significant (trigger) candle in the long trigger zone, my target is the weekly target fibo 200.
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Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
SOL_Will it bounce from hereReturned back to previous resistance (Trendline), where it broke. it's like a s/r flip
This is a critical moment for it.
Will it bounce from this level.
NFA
Solana Trade PlanSolana is forming a beautiful AB=CD pattern on 4 hour time frame. Here I shared the trade plan for it.
