SOLSol deviated below mid of the whole move, and now continuing to close above mid.
If can simply continue closing above mid, I suspect this will hold as the bottom.
SOLUSD.P trade ideas
Knock Three Times.....Solana chart is looking very nice. Currently the 1 hr is above the 200 and 50 MA and those are about to cross. Very Bullish! After the 123.00 support held strong in the face of strong bear attacks, Sol started climbing fast and now has breached 139 and 138 3 times hopefully signaling a push into the 140s 150s regions. Solana chain has been releasing a flurry of new developments which are nothing short of revolutionary for ALL CRYPTO - ZK compression that makes it way way cheaper to use SOL on a large scale + Actions and Blinks SOL and Partners innovation that makes it immediately possible to initiate SEND SOL transactions and other SOL commands from anywhere. This is a HUGE catalyst and more SOLANA innovation news is coming tomorrow and this week! No financial advice here just pointing out some of what I am paying attention to. Happy healthy trading!
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers:
A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result:
The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ).
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COINBASE:SOLUSD
Bear Case...Plotting what I think may be the corrective bear targets - Structure wise it's difficult to say a bottom is currently in after retracing so much of our previous leg - hence why my bias has shifted thinking we have not finished correcting.
SOL: Bottom could be in Solana's price action could become very interesting if we have a daily close at or around $140. This could catapult price in the high 170s, provided that the market remains supportive. Be constructive here.
SOL analysisI'm entering a long position, as the price bounced from the lower line of the channel and I'm expecting at least a touch up of the upper line from the channel.
DYOR and stay safe
solusd buyLots of liquidity has been taken from the downside and now were looking at a new bullish direction, there was a breakout to the upside through the resistance line at 128.85 which tells me there is a new trend forming and that there is strong bullish pressure. We also have 2 to 3 ascending triangles, a new bullish trend, and bullish market strucutre. We also have a nice reaction from the demand zone 128.52, indicators also signal a bullish direction. in conclusion the market is showing bullish behavior and is a very profitable trade.
Big moves coming for $SOL, fast horse If you haven't noticed, CRYPTOCAP:SOL has been leading altcoins into the coming bull run. SOL has been outperforming CRYPTOCAP:ETH and MIL:BTC by a big margin. People were selling and panicking out of SOL during the FTX fud but it that had nothing to do with its fundamental. SOL is the most performant L1 by a long shot. Eth went 241% past its ATH last bull run, and if SOL follows a similar trajectory next cycle that puts CRYPTOCAP:SOL at $891 (3.618fib) ... Don't fade CRYPTOCAP:SOL >. SOL is fundamentally stronger than ETH too. DYOR and Zoom out
SOL Bollinger Bands Prints a SmileNice Bounce off of strong support at 123 in the face of BTC continued MT GOX dump. SOL is looking good and strong and smiling at you and me and all the fudders and naysayers! Bollinger Bands printed the smile (I added the eyes and hair) It's only a matter of time (maybe September?) before SOL God candles up past ATH and beyond. Thats my take not financial advice.
Solana - TREND Indicators BEARISHUsing a Technical Indicator here which I use mainly to determine trend swings from a macro perspective. At least for the short term, SOL is bearish.
We've lost a long standing trendline that has held since October 2023, which is around the time that the bullseason started.
This will all largely depend on what BITCOIN does in the short term - more info on that HERE:
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COINBASE:SOLUSD
SOLANA/USD BEARISH TRENDLINESOLANA/USD SHOWING BEARISH TREND
RSI - NO DIVERGENCE
MARKET ORDER WITH 124.49
STOP LOSS - 136
LOT SIZE -27.20 WITH RISK /REWARD OF 3 %
First Take profit on 114
second take profit on 103
Bullish bounce?SOL/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit.
Entry: 120.74
Why we like it:
There is a pullback support level.
Stop loss: 113.29
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Take profit: 134.42
Why we like it:
There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement.
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SOL: Thoughts and Analysis Today's focus: SOL
Pattern – Support Test
Support – 123.50
Resistance – 140.36
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SOL on its daily chart.
Few things to watch, key support being the main one. Will we see a bounce or a break? If we see a bounce with this, then contnue the overall descending triangle pattern.
Good trading.
solusd sellall timeframes suggests bearish direction, with dxy looking strong in terms of market structure, we can can expect a fall for solusd. the trend is your friend ! downtrend, mulitple descending triangles, more liquidity take the the bottom, breakout to he downside, bearish engulfing candle which signals bearish movement,
Solana/USDIn the first frames, a good triangle is still visible after exiting which I expect the historical maximum to be renewed.
But this is how an alternative scenario occurs during an update with a minimal correction and the price moving into the imbalance zone, forming a bullish flag.
Globally expected update to all-time high
Solana 'Failed Move' FractalGoing back through the charts, Solana seems to love faking people out. Go back to 2021 and this exact pattern happened around $20 before $368.
Just a simple chart but hey this is my prediction. BINANCE:SOLUSDT
x.com
SOL - Were you entertained?At $21 I predicted SOL will get back to ATH. (see below)
This is an update of the idea where I provide detailed comparison to a bearish shark. This also plays with how I see BTC and rest of crypto. Unlike what is being said by others, I believe we are closer to the end of the crypto rally.
Please boost idea and follow.
Crypto market checkCrypto market check Q2 2024 view with BBMC and accumulation / distribution indicators.
ETH/USD
BTC/USD
DOGE/USD
BCH/USD
SOL/USD
UNI/USD
LINK/USD
MATIC/USD
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
Solana trend continuingSideways triangle in Solana, shows that the price is just going sideways temporarily but long term wise the direction is clear to the north.
Solana Price Analysis: Is a $114 Correction on the Horizon?I discuss why I believe it’s heading towards a near-term correction that could see its value drop to $114. Also I describe what to look for after it reaches that zone.
Sol Still in DowntrendSol downtrend still has bearish momentum from rising wedge breakout
160 lower high confirmed, minor lower high confirmed at 150,
Next significant move will either be a break of 156 or testing the low range of 138-132
SOLONAReasons for execution
1)PWL LIQUIDATED
2)+BOS external
3)0.236 Fibonacci Retracement
4)Positive Orderflow
5)1.618 Fib Expansion
