SOL/ETH BREAKOUTSOL/ETH just broken out from a cup and handle pattern this can be very bullish for SOL native coins and we can see Solana out performing ETH.
SOLETH trade ideas
Scaling HeightsUptober is finally upon us. But as Bitcoin's price picked up, the real standout price action this month has once again come from Solana. The high-performance chain is the main hub for this cycle's biggest narrative: memecoin trading. Retail traders enjoy the speed, ease-of-use and 'straightforwardness' of Solana's trading experience. The fact that popular memecoin launchpads are on Solana just furthers this virtuous cycle. Recently, Solana's total volume has superseded that of Ethereum and of its Layer 2s combined. No wonder that Solana's year-to-date price performance has blown both ETH and even BTC out of the water.
This price movement also highlights another market development: the old paradigms are dead. Bitcoin's rallies were supposed to be followed by Ethereum and then by other Alts. If Ethereum underperformed, Alts were supposed to be absolutely crushed. Yet, the tides have turned entirely. Solana has continuously outperformed Ethereum in this cycle so far. Memecoins have been flying, regardless of Ethereum. Meanwhile, Bitcoin, driven by ETFs and institutional adoption, has continued to move in a 'weight class' of its own. The old paradigm is dead, long live the new one?
One of the main challenges for Ethereum in this cycle has been its inability to shape a strong, coherent narrative. While Solana's thesis can be broken down to 'fast casino = gud', Ethereum's complex roadmap, countless Layer 2s and even Layer 3s, and deeply technical conversations have turned away a lot of regular users. Undoubtedly, Ethereum continues to command a lot of developer mindshare. It also comes closest to institutional adoption for smart contract use-cases thanks to its technological maturity. Impressive technical progress is being made towards user-experience improvements such as account and chain abstraction which will make Ethereum easier, faster and better for all users. But if this can already translate into positive price action this cycle remains to be seen.
On the wider macro side, markets remain hopeful that a new breakthrough can finally happen to new Bitcoin all-time-highs. The upcoming US elections and continuing wars in Eastern Europe and the Middle East provide for both greed and despair among traders. A more pro-crypto administration post US elections and an end to the wars could ignite a firework. But right now events could turn either direction. For now, the markets are optimistic, yet also at the whim of a coin-flip. Happy trading everyone!
SOL/ETH: Buy the Dip? Bearish Signal Flashes Before Bull RunSOL/ETH: Bearish Divergence Hints at Correction Before Next Leg Up
The SOL/ETH chart paints a picture of a potential short-term pullback before continuing its upward trend. While the overall outlook remains bullish, the presence of a bearish divergence on the RSI warrants caution.
Potential Correction:
A correction to the 0.04 level is plausible, offering a potential entry point for those looking to capitalize on the long-term uptrend. This correction would provide a healthy retracement before the next leg up.
Targets:
Target 1:
Target 2:
These targets represent key levels that SOL/ETH could reach once the upward momentum resumes after the potential correction.
Bearish Divergence on RSI:
The bearish divergence on the RSI is a notable warning sign. While the price has been making higher highs, the RSI has been making lower highs. This divergence suggests that bullish momentum may be waning, increasing the likelihood of a price correction.
Technical Analysis Breakdown:
Uptrend: The overall trend for SOL/ETH remains bullish, as evidenced by the rising trendline and higher highs in price.
Bearish Divergence: The bearish divergence on the RSI suggests weakening bullish momentum and increases the probability of a price correction.
Potential Correction: A correction to the 0.04 level is possible, providing a healthy retracement before the next leg up.
Strong Support: The green box highlights a strong support zone that could act as a floor during the potential correction.
Key Targets: The defined targets (Target 1 and Target 2) provide clear price objectives for the next leg up.
Investment Considerations:
Risk Management: The potential correction highlights the importance of risk management. Consider using stop-loss orders to limit potential losses.
Entry Point: The potential correction to 0.04 could offer an attractive entry point for those looking to capitalize on the long-term uptrend.
Confirmation: Wait for confirmation of the correction before entering a long position. Look for a bounce off the strong support zone or a bullish reversal pattern on the RSI.
Patience: Exercise patience and avoid chasing the price. Wait for the correction to play out before making any trading decisions.
Disclaimer: This is not financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions
SOL/ETH: Buy the Dip? Bearish Signal Flashes Before Bull RunSOL/ETH: Bearish Divergence Hints at Correction Before Next Leg Up
The SOL/ETH chart paints a picture of a potential short-term pullback before continuing its upward trend. While the overall outlook remains bullish, the presence of a bearish divergence on the RSI warrants caution.
Potential Correction:
A correction to the 0.04 level is plausible, offering a potential entry point for those looking to capitalize on the long-term uptrend. This correction would provide a healthy retracement before the next leg up.
Targets:
Target 1:
Target 2:
These targets represent key levels that SOL/ETH could reach once the upward momentum resumes after the potential correction.
Bearish Divergence on RSI:
The bearish divergence on the RSI is a notable warning sign. While the price has been making higher highs, the RSI has been making lower highs. This divergence suggests that bullish momentum may be waning, increasing the likelihood of a price correction.
Technical Analysis Breakdown:
Uptrend: The overall trend for SOL/ETH remains bullish, as evidenced by the rising trendline and higher highs in price.
Bearish Divergence: The bearish divergence on the RSI suggests weakening bullish momentum and increases the probability of a price correction.
Potential Correction: A correction to the 0.04 level is possible, providing a healthy retracement before the next leg up.
Strong Support: The green box highlights a strong support zone that could act as a floor during the potential correction.
Key Targets: The defined targets (Target 1 and Target 2) provide clear price objectives for the next leg up.
Investment Considerations:
Risk Management: The potential correction highlights the importance of risk management. Consider using stop-loss orders to limit potential losses.
Entry Point: The potential correction to 0.04 could offer an attractive entry point for those looking to capitalize on the long-term uptrend.
Confirmation: Wait for confirmation of the correction before entering a long position. Look for a bounce off the strong support zone or a bullish reversal pattern on the RSI.
Patience: Exercise patience and avoid chasing the price. Wait for the correction to play out before making any trading decisions.
Disclaimer: This is not financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions
SOL vs ETHSo this is an interesting chart, to view SOL vs ETH, or SOLETH
already 8x as fast since the bottom.
Here we see this "ETH Killer" on the move.
Not that it actually will kill ETH, but certainly it will eat a lot of the ETH cake.
Good luck to all
Bullish: Simetric TriangleSOL to break simetric triangle in an upwards movement and continue the uptrend. It will be the moment when the value of Solana will reach ATHs.
$SOLETH to .1 w/ added contextLiquidity begets liquidity and SOL is up significantly more than ETH YTD. Could investors chase yield here en masse as rate cuts are expected and TVC:DXY is taking a nose dive?
I expect risk on assets to rally over the coming weeks. CRYPTOCAP:SOL seems to have the better chance of continued outperformance in my opinion; thus CRYPTOCAP:SOL is probably is the best RR in the game right now.
What do you think?
SOLETH to .1 ATHsRSI showing strength on BINANCE:SOLETH pair, if ETH ETF is as underwhelming on price action as some experts are murmuring, it could add fuel to COINBASE:SOLUSD ’s tank and place us squarely in a ATH at .1 SOLETH
ETH will outperform SOL for the time being- Weekly sweep, needs to hold this week
- 3 drive pattern
- ETH has not started pumping ETF money into its market
SOL/ETH highs?ETH started to show strenght, probably high for this pair as for now? CT' consensus against ETH is incredible
Call me crazyDMI looks like it was to reverse price action hard with this formation. Be interesting to see if eth takes of or if sol gets crushed.
Is money moving from Ethereum to Solana?Solana quoted in Ether is in a decisive region.
It has already broken the 2021 high, but it is necessary to be aware of a possible bull trap.
It is interesting to note that Solana's TVL¹ is still 9% of Ethereum .
We obtain this number by dividing the TVL's.
So the chart shows a break above the 2021 all-time high, when it was 8.64%:
However, in the USD quote, the price is in a turbulent region; there may be false breakouts up or down.
¹ Total Value Locked:
total value of assets that are locked in a DeFi protocol through smart contracts
SOL should continue to significantly outperform ETH SOL outperformed ETH in 2023 920% to 91%. SOL outperformed ETH so far in 2024 43% to 4%. I am projecting SOL to continue to significantly outperform ETH in this cycle from now until the approximate market top in Oct 2025.
As such I've decided to unstake the Lido stETH in Ledger and claim the equivalent ETH six days from now. The plan is to send that ETH to Coinbase, sell it for USD, and then use the proceeds to buy more SOL.
Notice the Elliot Wave projection for the SOLETH weekly chart until Oct 2025. The 0.0612 value now I am projecting to about .33 by Oct 2025 or a 5 fold increase. That could be $3300 SOL when ETH reaches $10000 at the same time. :)
SOL - Showing Strength Against ETHHere is a link to our previous post:
We were expecting ETH to outperform Solana with the ETF and other factors for the cycle, but no things might be looking to take a turn. If Solana can take advantage of the weakness of ETH at the current moment then it could break out of this supply zone and start increasing at a faster rate than ETH.
ETH season is comingSolana needs a breather and will go down to major support. Ethereum is gonna leave a multi-year long created cup-and-handle formation behind it to the upside. Simple.
SOL/ETH Bull Pendent SOL/ETH
SOL is about to outperform CRYPTOCAP:ETH 🔥
We have a Bullish Pennant below the ATH Resistance and ready to break out of the one
Solana's next leg up is starting...Expect SOL to outperform everything again in the next 7 months IMHO...
I'm still long ETH, and BTC via futures, but added to my SOL bags substantially this week.
Paypal's stablecoin is seeing massive growth (partially thanks to their subsidized defi yield), memes are still a dominant narrative and a huge source of fees denominated in SOL, and decentralized exchange volumes in Solana are beating everything else.
Additionally, the next ETF to be approved, after Ethereum, will probably be a Solana one, so the market is front running this right as ETH ETFs go live in a couple days.
I'm documenting my call and targets here, for posterity's sake, see the older SOL posts I made, there's a lot of intricacies and things to do with defi and onchain activities to further boost returns, hedging opportunities, short term futures trades, etc. that you can't get from following my TV posts, but it gives you an idea of my batting average with these ideas.
Best of luck!
Cheers,
Ivan Labrie.
$SOL Long- A Fractal Study on $SOLETHPosting this chart for later street cred.
SOL/ETH pair is the next ETH/LTC pair
CRYPTOCAP:ETH has vastly outperformed CRYPTOCAP:LTC since ETH burst onto the scenes in 2016.
CRYPTOCAP:SOL has vastly outperformed CRYPTOCAP:ETH since SOL burst onto the scenes in 2020.
We are in midst of the next parabolic run, ~0.15 is the target for this BINANCE:SOLETH pair's top this cycle.
A study on fundamentals, cycles, fractals... common sense.
CRYPTOCAP:SOL / CRYPTOCAP:ETH
- @CryptoCurb
SOLETHSOL IN UPWARD TREND ETH DOWNWARD TREND
But more challenges by the SEC facing both in the next weeks.
Currently SOL in uptrend,.If levels reached, go short
$ETH maxis may be in for a rough rideIf CRYPTOCAP:SOL momentum continues, we may be open air to .06 sooner than later
SOL vs ETH (Y24.P2.Video1).Bearish structure, lost the weeklyHi Traders,
Here it shows that we must be on top of our game if we are to maximise our opportunities.
I missed this chart which was setup months ago.
Really annoying to miss such important opportunities but are we going to learn our lesssons.
All the best,
S.SAri
SOL/ETHEven Manlets in disbelief.
I dont think we are done.
Just one to be able to come back to this and check how my thoughts played out (or not).
Token not neededSolana attempted to be a layer 2 to ETH in the interim while ETH was building out proto danksharding.
Narratives -
1. Base on ETH has began to garner a significant amount of capital. Solana's only value prop is memecoins. If a chain secured by Ethereum's base layer can do the same, what's the point of launching on Solana unless you're trying to run a pump and dump.
2. We're getting late in the cycle, especially if this cycle in the case of a left translated cycle. Majors topping and starting a bear market does not typically bode well for Solana.
