SOLUSD-BUY strategy 90MIN chart Heikin AshiIt feels we may see a test of 152.00 again short-term. Volumes are supporting BUYING pressure and also stoch and SMI both reflect upside potential.
Strategy BUY @ 14350-144.25 and take profit above 155.00 for now (expecting spike).
SL based on your personal wishes.
SOLANA trade ideas
Solana In The "Green Zone," Looking DownI can see Solana in the "green zone," but it is looking down. This is the weekly timeframe and SOLUSDT is in the same condition it was in late 2021/early 2022. It was green after major, massive growth. After major, massive growth there is always a correction.
The highest buying for Solana happened in November 2023, almost a year ago. After this date, every single week and month trading volume has been going lower. Volume dropping is a strong bearish signal when coming off a new major high. In this case, Solana printed a multi-year high and trading volume (interest) continues to wane.
I see Solana in the green but prices are no longer rising, we have been seeing lower highs for 7 months straight. I can even say that it is kind of subtle, what has been going behind the scenes. It is like something is happening but nothing can be perceived. It is the illusion of stability powered by the hope (greed) of continued growth. After massive growth a correction follows and Solana grew really, really strong.
The chart is saying down, we are expecting a major drop.
How far down can it go is really interesting because there are many levels showing support and plenty of room to move down. Short-term, we have the main levels below 100. Then there is 75 and also 55 and 60. If things get bad, it can go below 50 on a flash but a recovery would be fast.
We are talking about something big but also fast.
Say the market starts to move lower slowly for several weeks, out of nowhere, it starts to speed up and never stops until a major low is hit. As soon as the low is hit, an even faster recovery shows up. Before we have the time to breathe and adapt to what is happening we have better prices but the shakeout will be done.
The market will be shaken out, are you ready?
Are you ready for something unexpected in 2024?
It is amazing, this same year you saw the highest high in a long while and in this same year you will experience a major low.
This is all good. All is good.
Let the market shake in 2024 because in 2025 we will only see growth.
Namaste.
SOLUSD - Short Term Bullish ScenarioSOLUSD has been trading in a big range after its retracement from its high of 210.00. Price has recently retested the 120.00 price level and MACD forms a bullish crossover while remaining below 0, with RSI consolidating just below level 50. A higher continuation is anticipated with a 163.00 price level on the spotlight.
Lets short this rising wedge on SOLThis is a pretty straight forward short. This bullish exuberance on the part of BTC and crypto is totally in conflict with what the charts have been telling us the past few days. This looks by all means to be a bull trap/stop hunt before the real journey down.
The weekly on BTC is the key to understanding why we are headed down from here.
I will close my short in a loss around 148.
Like and comment please.
Sol to 200$ in coming weeksSol is prepping for a big move, you can see that golden fib getting tested over and over. With the daily stochastic RSI finally pointing upward, the weekly following, there will be a momentum shift. This lift off the 50 EMA is bullish, and the last dip into the 130s was eaten up very easily. There is a huge buy volume at 145$, this will help support current price.
Targets:
Short-Term 200$ retest by end of month
medium-term 275$
End of Jan 375-400$
SOL Price Action and Potential Cup & Handle SetupIt’s becoming increasingly clear that SOL, much like BTC, is forming a cup and handle pattern. Once the trendline is decisively broken, this pattern should lead to higher highs, with the target being roughly the same distance as the height of the cup from bottom to top. If a breakout occurs, SOL’s target could be significantly impressive.
However, unlike BTC, SOL (and similarly XRP) often doesn’t follow the typical market movements and can act independently. While I’m not a huge fan of SOL due to its more isolated nature and weaker focus on macro trends, this is an undeniably strong technical setup.
If SOL does break through the trendline, I expect it to initially pierce above, only to retest and sit on that line. If the upward trend continues from there, the cup and handle will be fully in play.
Massive 7 Month Bull Flag on SOLAfter an 800% rise from Oct 2023 to March 2024 Solana has been in a wide descending triangular range between 200 and 139 roughly. I see this as a super Bull Flag. One sees what one wants to see but with all the catalysts on chain and what is sure to be a strong year end finish and rise into the final part of the Bitcoin halving cycle, I rather think SOL is going to pull up to 300-500 range conservatively and I believe the move will be fast and furious as the previous "most hated" rally happened. Stay focused and ready and do not believe the long term bears. Short pullbacks happen, but long term no one has any biz being negative on SOL or BTC or ETH for that matter. Crypto will only continue to rise and SOL will be the leader!
SOLANA Go for sure targets not fairytales.Solana / SOLUSD is about to close a day of strong gains above the 1day MA50.
This is coming straight on Higher Lows since Sep 6th in a similar way as the May 1st Channel Up that hit the 0.786 Fibonacci level on the Falling Resistance.
Buy and target 171.00 (Fib 0.786).
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[SOL/USD] In need of serious bounceFirst, let's take a look at 4 hr chart of CRYPTO:SOLUSD . The 220 EMA line has now breached & the price dive further to 136-138 zone at the moment. So, what's next ?
Why don't we try to zoom it out a bit, see the daily chart. It is now resting at 220 EMA line, which as well the trend line support.
To continue its bullish journey, the price need to bounce from here (duh...) as it needs to avoid the EMA making death cross, as well as the MACD need to breakout from its downtrend line.
The long term view of this token is actually looks pretty. There's a beautiful pattern in the making on the higher time frame, but let see how this daily setup played out first.
Cherio...
SOL retraced to the September open Risk adjusted entry?SOL the retrace has come back to the 0.618 fib and is sitting in golden pocket. There is confluence with this level from the AVWap of the September lows and the September open. some trading may use this area for an entry with a tight risk adjusted exit if we fall below. Enjoy, Not financial advice.
I just like to draw lines and color in the charts.
[SOL/USD] Just when you think you're out of the woodRight...what we think market will do is one thing...what it does, is another whole thing.
Let see COINBASE:SOLUSD 4 hr chart here. Price has dive from 160 & now resting at 220 EMA, which happen to be the trend line support. Let see if this holds & the price is able to bounce from here.
Weekly SOLANA Chart indicating BULLRUN soon!
Fellow Solana Investors, Please comment your thoughts on my analysis
I've been watching the Solana price and I'm noticing that on the Weekly chart, SOL is showing upcoming bullish confluence between the RSI/RSI-MA14 and the MACD crossing the Signal Line (above the histogram - which is bullish). Also, the price actions of Solana seems to follow previous patterns of past bullish and bearish runs of the market over the last year. The current price action and indicators appear to show a possible break of the top resistance trendline. Which, to me would indicates an upcoming bullrun, expesially if it breaks that top trendline which could result in a new leg up to a new ATH (All Time High) for Solana.
I don't follow Bitcoin as much, but bitcoin is about to breaks it's own top trendline, since solana follows footsteps with BTC price action pretty well.
SOLUSD: An alternative countI am looking at this alternative count since it answers two questions. First, the very first day price action back in April 2020 and the following structure looks to be a 3 wave structure that throws off the entire sequence until the top in Nov 2021. So, if we go with that as a 3 wave structure, it starts to make sense. The second question is the matter of supply. Sol is inflationary and we have seen how it can be manipulated form FTX case and LUNA case. The chain is highly hack prone and very centralized. So, nothing is stopping it from creating unlimited supply for any reason, crushing the price. Not saying that will be the case, but it is still a non-zero probability. Keeping that in mind, the short to midterm might be the biggest pump incoming for the price. While other assets might be struggling to make new highs or gearing up for wave 2, Sol might go the opposite way to the moon. If that happens, then this alternate count probability will become my primary count. The targets will still be somewhere in Jupiter....before crushing back down to earth.
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
Solana roadmapWe are on the brink of the latest run up that whales are engineering to distribute, and pull in as much liquidity to exit for 2025 bear market.
Don't let the headlines fool you, there is no real utility to these shitcoins except printing money to traders and whales.
Of course, I could be wrong, a dapp could show up that gets people hooked, but i bet any web2 architecture can do anything better and faster than web3. In the meantime, just ride the waves.