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SOLANA trade ideas

$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!
BINANCE:SOLUSDLong
by RidgerR
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.
COINBASE:SOLUSDShort
by h77nry
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. ——— 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! 👊🏼
COINBASE:SOLUSDLong
by TheMarketFlow
2
$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.
COINBASE:SOLUSDLong
by FairValueBuffet
1
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.
COINBASE:SOLUSDLong
by DCAStrat
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! 👊🏼
COINBASE:SOLUSD
by TheMarketFlow
5
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. ——— Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
COINBASE:SOLUSD
by TheMarketFlow
3
What I Expect Through The New Year Absent A Government Shutdown.Traders, minus a government shutdown, I do expect another altcoin pump. However, the possibility of a shutdown is throwing a big wrench into my thesis. We'll talk about how price action would look in both scenarios as well as discuss the new crypto cycle rotation. You should get to know this new rotation to remain most successful in your trading. As always, we'll start with the DXY, VIX, SPY, and NVDA and discuss future direction and what it means for our crypto space.
COINBASE:SOLUSD
by stewdamus
2
SOLANA Are you ready for $385?Solana / SOLUSD has been underperforming since the November 22nd High, breaking even under the 1day MA50. Even though this is not ideal (especially compared to the gains that Bitcoin shows), it isn't a situation that SOL hasn't faced before. As you see it is repeating the post Channel Down correction of July-August 2023, which also crossed under the 1day MA50 but then recovered and rebounded to the 2.0 Fibonacci extension and beyond. Buy and target $385. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:SOLUSDLong
by TheCryptagon
1