Possible Solana Short Fib Retracement hitting on the 50% in the current downtrend. Could be a good scalping opportunity if sol keeps falling.
SOLANA trade ideas
Still a Buy for SolanaWe see that Solana experienced a correction following the Trump token, which is completely normal as many investors wanted to realize their profits. Now that this phase is over , we have already observed strong support at the resistance zone. We remain optimistic about reaching the target.
Solana 3rd WaveElliott Wave can be very hit or miss, but when used within crypto and technological innovations it actually works a lot of the time.
There is no way to properly value these assets so they trade very much in line with waves of price appreciation and technical retracements.
I believe we are standing on the edge of entering the frenzy phase, the 3rd wave of a larger 3rd wave price advancement.
Get ready to hear all of your friends and family talking about crypto once again.
SOLUSD, Solana Parabolic move ahead.The current wave in Solana's price action seems to be progressing as expected, with a possible peak around March-April 2025 on the horizon. It's essential to acknowledge that this will likely be a volatile ride.
If you like this idea, kindly share and boost.\!!
SOL Trade Setups: Key Levels to Watch for Big Moves!Solana has been on an impressive run, hitting a new all-time high (ATH) at $295. The previous ATH from 2021 at $260, along with the recent swing high of $264.63 (December 2024), are now acting as key resistance levels. Bulls are struggling to break above the $260 range and we’re seeing some bearish control as SOL trades below the weekly open, never a great sign for upward momentum.
Short Trade Setup
It’s looking like SOL could be in an ABC pattern, working on wave C. Here’s a potential short trade setup:
Entry: Around $260 if price revisits that zone.
Stop Loss: Above $270.
Take Profit: $220, where strong support lies.
R:R Ratio: About 3:1.
If you’re already short, congrats! If not, $260 could be your next chance to jump in.
Support Zone and Long Setup
There’s plenty of support stacking up between $220 and $217, making it a great zone to consider for a long position:
Point of Control (POC): At $218.50, from the November-January range
Fib Levels:
The 0.786 trend-based Fib extension is at $220.23
The 0.618 retracement (low of $169 to high of $295) is at $217.27
EMAs: The 200 and 233 EMAs on the 4H chart line up nicely with the $217 level
Channel Support: The median line from $264 to $169 also lands around $217
Long Setup Plan
Entry: Ladder longs between $220 and $217
Stop Loss: Below $217, maybe around $214
Take Profit 1: $239 for a mid-range bounce
Take Profit 2: Move your SL to entry and let the rest ride for bigger gains
Patience is Key
Whether you’re waiting for $260 to short or $220 to long, the setups are there, now it’s about watching the levels and being patient. Both trades offer solid risk-to-reward ratios, so no need to rush in.
Stay ready and let’s see how this plays out!
Solana: After the Surge, Time for a Correction?Last week was particularly intense with the bullish breakout from the channel we had identified. Following this breakout, Solana continued its upward momentum, reaching a new high at $295 . This represents an impressive 50% increase, from the breakout level just below $200 to this new ATH (all-time high).
However, this bullish extension was halted by this key resistance level, leading to a pullback. We are now in a corrective phase, which could potentially find support around the $210 level . This area appears to be a strategic zone for a potential rebound and new buying opportunities.
This notification constitutes a marketing communication. The information provided does not constitute a recommendation, offer, or solicitation to buy or sell any crypto-asset. It is not intended as investment advice, and no consideration has been given to the specific investment objectives, financial situation, or individual needs of any recipient. Any decision to act on the information provided is made at the sole discretion of the recipient. SwissBorg disclaims any liability for losses arising from the use of this material. Recipients should consult their own professional advisors before making investment decisions.
We're off to a great start SOLANAWe're off to a great start SOLANA
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SOL shortSOL like the rest of the market is following BTC.
The week has barely started and price is reaching lower. The move could be quick and violent.
I studied SOL and I think I might be slowly learning how it moves and the amount of room I need for manipulation.
Let's see what happens.
SOLANA: gives us another chance to get ithello guys!
Triangle Formation
Top Line of the Triangle: A descending trendline forming the upper boundary of the triangle, showing a gradual decline in lower highs.
Bottom Line of the Triangle: An ascending trendline forming the lower boundary of the triangle, highlighting higher lows, indicating potential consolidation.
Support and Resistance Zones
Support Area: Around $248 to $244, providing strong buying interest as price approached the bottom of the triangle.
Resistance Area: Between $264 to $268, acting as a ceiling where selling pressure is evident.
Flip Area
Located near $223 to $233. This zone was a previous resistance level and has flipped into support, reinforcing the bullish structure below.
Price Expectation
A potential bounce is expected off the bottom trendline of the triangle near $248.
Once price consolidates and breaks above the resistance area at $264–$268, it may surge toward the upper target zone around $277 to $282.
Key Levels to Monitor
Support: $248 to $244
Resistance: $264 to $268
Target Area: $277 to $282
Conclusion
The current market is consolidating within a triangle. A breakout above the resistance area could signal a bullish continuation to higher levels.
If price fails to hold the support, the next significant zone to watch is the FLIP area near $223–$233.
How low will she goSolana is having a nice pullback, how low will it go? there is a potential double bottom right around the $29 range...if it breaks below that it looks like the next area of support is at the $218 level.
do you guys like my charts? keep them simple or load them up with indicators that give false buy and sell signals so brokerages make money?
you will notice i keep the indicators to a bare minimum bc if there was one that worked or a combo....why isn't everyone rich....
they trade price action...and monitor positions and trendlines....respect fib levels....and the previous days close will act as a pivot point.
Stay green traders! capital preservation is always the first rule in trading. If you aren't using a stop loss you should be monitoring your position and have a mental stop loss. Always stick to your trade plan you made before you got into the trade. Where are you taking profit, why did you get in the trade, where are you cutting losses
much love and smash that boost button
help me grow this acct💙
$SOLUSD Now at moon, mars nextSolana ( CRYPTOCAP:SOL ) is a standout in the crypto space, and I’m going long on its potential. With its lightning-fast transaction speeds, low fees, and robust scalability, Solana is a top contender for mass adoption. Its thriving ecosystem, from DeFi to NFTs, continues to attract developers and users alike. Despite market volatility, Solana’s innovative technology and strong community support position it for long-term growth. As blockchain adoption expands, Solana’s efficiency and versatility make it a prime candidate to lead the next wave of crypto innovation. Now’s the time to stack CRYPTOCAP:SOL and ride the wave to the future! 🚀 #Solana #Crypto
InverseTomPip
Solana (Sol) Analysis update
SOL has recently bounced off a major support level on the 4-hour timeframe, with the RSI confirming oversold conditions. Additionally, increased network activity and a surge in DeFi adoption on the Solana blockchain indicate growing demand. These factors point toward a potential bullish movement for SOL in the coming sessions.
📉 Expectations:
We anticipate SOL to re-test key resistance levels as highlighted in the attached chart. A breakout above these levels could lead to a stronger rally.
📊 Trading Strategy:
This setup combines technical analysis and fundamental metrics, making it suitable for medium to long-term trades. Always maintain adequate margin and implement proper risk management to handle market volatility effectively.
🚦 Trading Rules:
1️⃣ Rule 1: Enter the trade only if the price surpasses our entry-level (GREEN LINE ON THE CHART).
2️⃣ Rule 2: Upon reaching Target 1, consider closing part of your position or moving your STOP LOSS to the ENTRY price to lock in profits.
3️⃣ Rule 3: Refrain from opening new trades based on the same signal once Target 1 is achieved.
4️⃣ Rule 4: If SOL consolidates near resistance for more than 2 days, close the trade and wait for the next favorable setup.
💡 Disclaimer:
This is not financial advice—just an educational post sharing my thoughts and ideas. Always do your own research and consult a financial advisor before making any investment decisions.
Feel free to reach out with any questions or feedback. Happy trading! 🚀✨
Popcorn time! Interesting 24 hrs ahead for #SOLOn the 4HR CRYPTOCAP:SOL is reaching the pointy end of the pennant today. :)
The market has respected the trend line down (white) from the high created by the recent $trump meme debacle. But it also has a rock-solid floor at $246.4 (purple) that has held three or four times in the past week. Volume has declined but not in a meme-like fashion.
And on the 4hr chart this is playing out as what 'should' be a bullish pennant.
Throw in the imminent 'ETF' noise, whale sightings, and accompanying 'strategic reserve' noise means my technical analysis is that it is all very noisy.
Three options:
BEAR: For some unknown reason the market plunges through it's lower trend-line (pink) and the $240-250 resistance to around $200.
BULL: Any hot-news moment provides impetus for a parabolic up move sending CRYPTOCAP:SOL to $280 (where the short trend upper meets a WK-chart median).
NORMY: CRYPTOCAP:SOL ignores all the pretty lines and wiggles along in entropic heat death until actual news which you will hear about when the market spikes/crashes and we have another a collective "WTF?" moment.
Good luck y'all.
Long trade
2min Overview
Pair SOLUSD
Buyside trade
Sat 25th Jan 25
7.20 am (NY Time)
1Hr TF Entry
4Hr Structure
Entry 248.70
Profit level 260.96 (4.93%)
Stop level 247.16 (0.62%)
RR 7.96
Reason: Mapping price action from 4Hr to 1Hr time-frame seemed indicative of a buyside trade. Based on the narrative of supply and demand, the ascending triangle formation is utilised as support with directional bias and buyside trade.
$SOL bullish on the 4 hour CRYPTOCAP:SOL looking bullish if we get a breakout and retest off this trend line on the 4 hour. Weekends usually have lower volume. Let’s keep an eye on this. 👀
We need BTC and overall crypto to stay bullish. There were additional filings for CRYPTOCAP:SOL ETFs this past week.
SOLANASoooo, technically we do have a nicely formed C&H, Breakout and retest - done. If it could hold above previous highs this Crypto could see a new ALT . Fib is perfectly aligning with this idea... only time will show. :)
SOLANA on the verge of a parabolic breakoutHi all, happy Saturday. COINBASE:SOLUSD has seen a recent rapid rise due to increased memecoin volume and a proposal a Solana ETF. The new administration could also bring potential further bullish momentum for the alt-coin.
In addition, from a technical perspective, Solana has recently break it's previous 2021 all-time high on strong volume which is possible bullish sign for continued upward momentum in the coming months.
Highlighted is an ultra-bullish scenario where we see a 10x move to the upside similar to 2 previous occasions shown in the chart. More conservatively, I am confident we can see a $450-$500 price by the end of this calendar year - which would still yield an impressive 100% return.
Happy trading, and have a great weekend!
Familiar Territory for SOL, pt. 2Same lines! The yellow horizontal lines in this chart are the same horizontals from my last post. This level is major, ands look at the spring loading. Beautiful pennant that I’m praying breaks to the upside. 📈
What do you think? Up or down from here? It iiiiis previous resistance, but what becomes support?
Familiar Territory for SOL, pt. 1Currently coiling up in familiar territory. Next post will show current pattern and formation. Is it possible to add another chart pic from mobile? Sorry for my ignorance and inefficiency. Note the date of this one. See the lines?
Historic Resistance at $264: Will SOLUSD Flip It to Support?
COINBASE:SOLUSD is currently testing the key resistance level at $264.53, which has historically acted as a significant barrier. The EMA ribbon remains bullish, with the price trading consistently above it, indicating strong upward momentum. The ascending trendline, which has provided reliable support in the past, continues to guide the price action upward.
A divergence on the TSI is evident, with the oscillator previously trending lower while the price maintained its upward trajectory. This suggests that the bulls are gaining strength and exerting pressure on the resistance. The TSI has recently crossed above the zero line, confirming a bullish momentum shift.
The Signal Builder has provided upward signals recently, aligning with the current market structure. A breakout accompanied by a strong candle close above the resistance could flip this level into support, opening the door for potential new all-time highs.
👨🏻💻💭 What are your thoughts on SOLUSD's potential breakout? Could this lead to a rally beyond the resistance? Share your perspective!
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
$SOL LONGFollowing the fractal pattern. Solana LONG is trending nicely above 99EMA and looking to start a parabolic advance.
Elliott-Waves don't lie /Solana (SOL) Analysis/ 1/24/2025What’s up, dear TV community 🖤,
today we’re taking another look at Solana
SOLUSD 🌻. SOL has performed very well and followed my count PERFECTLY... let’s see if it continues to do so in the future 🕛.
Please read the DISCLAIMER at the end of this idea!
According to my current count, Solana is in Wave 2 of the larger Wave 3 (yellow). It’s been a while since my last analysis, but even back then, I expected an upward move – and that’s still my expectation now. In Wave 2, we currently see an ABCDE pattern, which we should complete soon to continue with Wave 3.
For those who are less familiar with the Elliott Wave Theory (EW): we are likely forming the end of a bull flag and could soon take off 📈.
The rest can be easily analyzed directly on the chart 😊.
Solana is on fire 🔥🔥🔥. Let’s hope this scenario holds and the price gains a few more percent... 👔
If you like this idea, leave a 🚀 and subscribe 🔔.
Wishing you successful trades, and see you next time. 🤝
Best regards, Rara es
DISCLAIMER: The above statements reflect a trading idea and are neither investment advice nor trading recommendations! All information is provided without guarantee or liability!
(SOL) solana - ATHThe all time high was reached for Solana and right now the price is retracing the previous break of an all time high. At $3000/SOL that would be a 10x gain from the ATH right now. Is the path of Solana into the future going to look similar to Ethereum one day? And if so, how much time will pass before the billions of dollars flow into Solana if the outcome is a continued growth pattern as we have already seen? Solana surpasses BNB, passes $100B mcap, and despite the loss of previous years most competitive programmers to other chains, the interest in meme tokens on SOL chain seems to sustain the interest. How is it possible the world is still fascinated by meme cryptocurrency more than any other sector? At the start of 2024 there was a simple note passed along by Coinbase that stated the Dog-meme frenzy was not going away so easily as a core of the cryptocurrency defi culture. By the end of 2024 a lot of other random memes were present on Coinbase. Average meme culture has sprung onto Coinbase, USA's main crypto exchange. The shift from adding Ethereum tokens to Coinbase became all about Solana tokens. What will the future bring during 2025? How much influence does Coinbase have over the sector of defi cryptocurrency investing? Is it time for Ethereum to reach a new ATH?
