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SOL Perpetual Futures Contract

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SOLUSD.P trade ideas

Solana’s 2024 Cycle vs. 2020: Hidden Divergence Fractal In this chart, we’re comparing Solana’s 2024 cycle to its 2020 cycle, with a focus on hidden bullish divergences in the RSI and similar bar structures. Both cycles are displaying key similarities in terms of duration, volume, and momentum shifts, which suggest that SOL might be gearing up for another strong rally. 2024 Cycle (Left): Hidden Bullish Divergence: The current cycle shows a clear hidden bullish divergence in the RSI, which is often a sign of continuation in the prevailing trend, in this case, a long-term uptrend. This divergence is forming over a 273-bar period (~273 days), very similar to what we saw in 2020. Volume Analysis: The volume during this consolidation phase is 81.725M, suggesting accumulation is happening despite the price consolidating in a range. Compare this to the 2020 cycle’s lower volume during the same period, and it becomes clear that there’s substantial interest in Solana during this phase. 46-bar Correction: The recent 46-bar correction (~46 days) aligns almost perfectly with the 2020 fractal, indicating a possible repeat of the pattern. 2020 Cycle (Right): Fractal Comparison: The 2020 cycle, also showing a hidden bullish divergence over a 273-day period, led to a significant rally. After a similar 46-bar correction, SOL saw a major move upward, ultimately breaking through resistance levels. The hidden divergence on the RSI was the key signal of the bullish continuation that followed. Volume: The volume during this phase in 2020 was notably lower than the 2024 cycle, reinforcing the idea that more liquidity and interest is now present, which could amplify the move when the breakout occurs. Key Takeaways: Hidden Bullish Divergence: Both cycles have strong hidden bullish divergences, which historically signal continuation. In this case, that would point to a resumption of the uptrend. Fractal Consistency: The near-identical bar counts and price structures suggest that the 2024 cycle could follow a similar path to 2020. A breakout from this consolidation could take SOL to new highs if the fractal pattern continues to play out. Volume: The higher volume in 2024 compared to 2020 supports a stronger potential breakout. Traders should keep an eye on the RSI, volume, and any price action around key support and resistance zones, as Solana may be setting up for a move similar to its explosive 2020 rally.
BINANCE:SOLUSDLong
by Blockbullder
2
The next level UP for SOLSolana chain is a baby at 4 years old that has been through a lot in it's youth from outages for moving recklessly fast (like any teen), to rising to an early ATH of 260 and then crashing to 8 bux FTX low caused by bad boy friend SBF. Add to that the regulatory challenges which now with ETF proposals and so many other trad fi engagements seem to be behind the chain. Here we are in 2024 and SOL has shown RESILIENCE and MASSIVE strength! It did not just recover - it DOMINATED! In just 4 months, SOL shot up 800% from around $20 at Breakpoint last year to $220 in March of 2024. Since the yearly high, in this very strange and tepid year, SOL price has been in a descending triangular wedge and has built strong resistance floor around the 129 level. The chain has grown massively and is now without a doubt the uncontested leading Layer one. While SOL gets accused of being a MEME coin factory, there are things happening on SOLANA that go far beyond Crypto in real potential impact. Consider the early SOL years the foundation. Now the #3 Crypto chain, SOL is undervalued and due for a major breakout. FIREDANCER will be revolutionary. SAGA 2 is coming. Integration in a Global Machine is on it's way. I see SOL jumping to 300-500 range next. This is conservative. Consider the ETH market cap. SOLANA is outperforming ETH in many chain activities, but ETH still has a much higher MC. That will change. It is not a question of if - it is a question of WHEN. The thing Im doing right now is accumulating.
COINBASE:SOLUSDLong
by cryptoseedjohnny
Solana Must See ASAP H&S BOTTOM ACTIVEThe head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. Typically you short after dump and it retraces back to the neckline so pay attention to what happens in the $140 range Clear head and shoulders on Solana with target in the 80s 1. We just touched this neckline of the H&S and it's currently active 2. You will find a wedge below that kicks off the decent
COINBASE:SOLUSDShort
by dogdaddevan
1
SOL USD CRYPTO: RETEST OF NECKLINE...PERFECT SETUP About 8 hours ago I put out an alert on Bitcoin breaking out in a Head's 'N' Shoulders Pattern. Well now it's SOL's turn and like something out of a trading manual its setup is perfect. I believe it is on the 15m chart & its just about ready to breakout. easy_explosive_trading * Trading is risky. This is for illustration purposes only. But here at easy_explosive_trading, we took this trade & entered a buy-order about 3 hours ago.
EIGHTCAP:SOLUSDLong
by Easy_Explosive_Trading