SOLEUR trade ideas
SOL/EUR going further down to 130€ !Will solana plunge further down to reach a key resistance ? That's what I believe will happen, the chart is pretty self explanatory as usual. Solana needs to go down a little more before rebouncing.
This should happen very soon , I am writing this the 21st of february , i am pretty confident this will happen in the next few days. If solana doesn't retest 130€ beofre march then we can assume the down trend is over and we're going "to the moon" again
Trade Signal: Buy SOLEURAttention traders! Utilizing the EASY Quantum Ai strategy, we have identified a promising opportunity in the SOLEUR currency pair. Here is the detailed signal for your trading action:
Direction: Buy
Enter Price: 120.89
Take Profit: 123.07333333
Stop Loss: 116.56333333
Rationale: Our analysis is based on a synthesis of technical indicators and market sentiment derived from the EASY Quantum Ai methodology. Recent trends suggest a potential upward movement for the SOLEUR pair.
1. Technical Indicators: Key indicators, such as the Relative Strength Index (RSI) and Moving Averages, have aligned to show bullish momentum. The RSI values indicate the asset is not overbought, leaving room for upward growth.
2. Economic Factors: Recent economic data releases from countries associated with the SOLEUR pair signal positive outlooks that could enhance investor confidence, thus pushing the pair higher.
3. Market Sentiment: There has been an observable increase in buying interest, as indicated by volume analysis, suggesting a preference for buying over selling in the current market phase.
Execute your trades accordingly and ensure risk management protocols are adhered to. Stay informed and monitor market conditions as they develop. Good trading!
SOLEUR: Long PositionChart is going down most likely to make it to the lowest support level and come back up as it did twice already. Also, this is backed up by the RSI which is already at 33.17 which is quite low and I believe this will go down a little further before coming back up. Also, this indicates that there is a great chance of buyers stepping in and driving the price back up. If the chart does this and follows the white arrows then entry level would be just above the support line as indicated in the analysis and finally exit level would be at the previous highest resistance line used by the chart.
Obvious pump ahead. SOL is ready to take off soon. 🚀On May 1st, the price reached a low point before preparing for a new upward movement.
- There was a bullish divergence in the RSI on May 1st.
- The middle trend line (blue) and the long trend line (green) on the three-line indicator crossed bullish.
- The price broke above the purple trend line.
We are now waiting for a retest of this line before potentially beginning an upward trend. 🚀 #sol
A rapid BTC and SOL uptrend worries me for my behaviour.For me as a swing trader, it's the first time I am dealing with uncomfortable emotions while the uptrend is remarkable going on and on... My thoughts are dealing with a mix of unbelief and trust issues. For all those traders with similar awareness, I put a list together of psychologic behaviour I have to deal with right now (12th of March 2024). I have decided to wait for selling due to all these in the list below.
1. FOMO (Fear of Missing Out) : When prices are rising quickly, there's a tendency to fear missing out on potential profits, leading to impulsive buying decisions.
2. Overconfidence : Success in a rising market can lead to overconfidence, causing traders to take on excessive risk or neglect proper risk management strategies.
3. Herd Mentality : Traders may feel pressured to follow the crowd, leading to crowded trades and increased volatility.
4. Confirmation Bias : Traders might seek out information that confirms their bullish bias, ignoring or downplaying negative indicators or news.
5. Greedy Behavior : Greed can cloud judgment, causing traders to hold onto positions for too long, even when signs of a reversal or correction are present.
6. Panic Selling : Despite the overall uptrend, sudden dips or corrections can trigger panic selling among traders, exacerbating market volatility.
Being aware of these psychological tendencies can help you stay disciplined, adhere to your trading strategy, and avoid making emotionally driven decisions.
Looking like a longHistory never repeats itself, but it does often rhyme. Its broken the trend down, made kind of double bottom. Could be a long, look for a higher low then uptrend. Will most likely hit what it was before. Make a shockwave and go up of go back down. Still though a good % to make with a simple retrace. Check out @Kazonomics if you wanna change how to look at things. Or dont. Just like trading choice is yours.
Where Solana is going?I like monitoring markets with my automated screeners and found this interesting example in which I try to analyze price action and volumes.
January 10 SOL Up 12%!
January 9 SOL Up 10.2%!
January 4 SOL Up 20%!
January 3 SOL Up 13.3%!
December 30 SOL High Volumes!
What is missing in the last uptrend? Volumes.
The trend started with high volumes but the strong uptrend is not followed by strong volumes. Careful on this when trading the uptrend. Correct timing is essential and FOMO (fear of missing out) is not the way.
SOL/EUR New Range analysisHi guys, Fazolek is here
Solana fell with BTC as well as the rest of crypto market down. Right now SOL is following more ETH than BTC but all markets are similar right now.
Solana is in new range now. I think that buying opportunities are crystal clear right now, this ranges are awesome for traders, but i recommend not trading during weekend as markets are becoming even more volatile.
My advice buying on 25-27€ and selling 33€ up is looking good for next few days. But ofc I'm not financial advisor.
For my analysis I used Fibbonaci levels and prevoius range trends.
Have a good day.
SOL predictionHi guys,
Im showing you my personal prediction for solana/eur.
As BTC and ETH strungle to gain more power in short term, solana is looking weak too.
I suspect solana falling to 132€ level as there was previous support and fibbonaci level.
After that there are two options
1. market will be really bearish and solana can fall to 110€ lvl cca (i dont think it can fall any lower)
2. solana will gain power and pull back towards upside potentially getting back on rising wedge
I personally suspect 100% gain in few months after hitting 130-140€ lvl. I could be wrong so do our own research. I hope it helped.
Ofc in long run SOL is going to the moon :P
Best
Fazol
SOL bullish pattern?Hi guys, Im Fazol.
Solana got back on high prices, if she will maintain support on cca 200-195€ level she will look really bullish.
First price target will be ofc ATH and then cca 260€ level (+-5€) as we see from fibbonacci and raising pattern.
Our enemy could be scared market and unstable bitcoin.
I hope this will help. This is only my analysis. I don´t know what will solana do in future this is just my prediction so please make your own analysis before investing.
See you.
bearish SOL?guys please comment on my idea. is this a legit analysis or not. feel free to correct on an orderly manner. just trying to improve my trading skills and knowledge!
in my perspective i see that there is a possibility of forming a bearish crab pattern.
whitin the crab pattern we can see there is an ascending elliot wave forming what can be seen as an indicator the crab pattern is forming
if this is really happening that would mean point D will be a strong resistance en point A will be a strong support
Solana's signal !!!Explaining my thoughts.
solana has failed to brake the the 3 times confirmen uptrend, by marking it with a 4th time. the 4th cinfirmed poing hapens to be an new ATH
after creating a new ATH sol has created als a new ATH trens that is less agresive.
meanwhile all the hightes low point are conectes with a triangle giving a small layer of security.
so based on past triangle when solana is reaching an hight point or a new ATH is tends to slow down a litlel bit
based on this theory my prediction is that solana will take a rest for few days before showing us the next move.