Solana breakout is getting more bullish. Price target 🎯 is $180Solana breakout is getting more bullish.
Next upside price target 🎯 is $180 before it encounters any resistance.
Mapped out in blue line possible price movement going forward
SOLUSD.P trade ideas
Long SOLANA COINLong Solana coin here. 50% of position. Will scale in rest over next 1-3 hours. Solana double top was obvious but got distracted fishing. Think we test 200$ sol in next 2-8 days. Let's see what happens.
Solana Battle Plan Update 3: Price to reverse at Local HighThis is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting.
Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t see a continuation pattern yet. We Solana does not show an ascending triangle, a cup and handle, or even a symmetrical triangle. Without a continuation pattern we must suspect price will stall at a previous support. Seeing where price flipping support to resistance and vise versa at key levels is one of the basics that can take years to master.
That previous support is the bear trap that was created at the beginning of the bear market. We can see on the right where it played out with Ethereum and I strongly suspect we are seeing the initial stages of that reversal in Solana.
Of course, there are some key differences in the two charts. We can see that when we look at other indicators. I don’t want this idea to become unmanageable so I will just look at one of the basics, the Monthly Bollinger Band. It is pretty clear that looking at the Bollinger Band it looks like Solana did a much better job than Ethereum. Solana has pushed its head above the monthly Bollinger band to reach the previous bull trap whereas Ethereum didn’t even reach the baseline. But either way, price being out of the monthly Bollinger band or near the middle with weekly bearish divergence at previous support still suggests reversal.
I do hope to see the lower limit of the monthly BB to snug up and flatten off to indicate a local low is in when I see Solana double bottom.
Solana Against Bitcoin, Ethereum and BNB
Solana also looks like it is in a dreadful position against Bitcoin. The zone of resistance is drawn, in part, due to the MACD oscillaton below zero and the amount of sideways action we needed to have that happen.
The bearish similarities with Solana and trading pairs continues with Ethereum.
BNB has a bit of a different set up. It does not have a clear bull trap like SOL has against BTC and ETH. Rather it had a descending triangle top and a return move to the support of the triangle. Price has returned to the base of the descending triangle and I think with the indicators so overbought we would assume another pull back.
Conclusion and my plan
Solana looks like it has hit a local high against USD, BTC, BNB and ETH. There are so many temptations to get out of Solana into a different larger, less volatile token that I don’t see most day or swing traders holding onto Solan for long. Especially margin traders. Timing the shortside can be a wee bit tricky but it can be done. I am staying away from that.
I suspect that Solana will be setting a higher low W pattern. If it does, I will basically be rotating everything I can into it as I expect it will be making a higher high. AS the main chart shows that higher high would be about 100x from the low. If it sets an equal low, then I will suspect it will roughly return to an all-time high. That would be about 25X. That is decent enough for crypto but in all honesty if Solana sets a lower low, I will be looking for a different token to rotate into. Right now, my biggest crypto bag continues to be Fantom as I really like the Big W pattern it is in.
Solana, Perfect Weekly Cup and Handle, yes or no?I see a perfect cup and handle on the weekly on SOL. Will we break ATH soon in upcoming weeks? What you think?
Solana Fib Fan Shows Support at $107-122Where can we find support for Solana? A quick draw of the Fib Fan shows that if our 100 day sma does not hold, we could drop to anywhere from $107 to $122. This would coincide with both the rising 200 day sma and .618 on the Fib Fan, a great area of confluence which would make great support.
SOL: 150 next Solana's price could test 125 and find support, in that case a strong rebound into halving could bring the price up to 150.
Solana Still Above An Upside LineEASYMARKETS:SOLUSD
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SOLANA continuation for new all time highhad a great mitigation at a previous demand level. we have equal lows above which means level of liquidity we can target and will be fuel for us to continue our push up higher to 250+. if we break above the supply level it will look good for solona but if we struggle to break supply we can see a significant drop lower. (don't think will happen $400 next stop :)
SOLUSD-SELL strategy weekly chartNo change in view. I feel we will see return to $ 125 area. The crypto is overbought, and requires good correction. The GANN support is about $ 125 and we have FIB objectives along the way.
Strategy SELL @ $ 175-195 and place SL above $ 215 and profit order @ $ 138 for now.
SOLANA getting ready to explode after manipulation by Whales.The uptrend is still intact. Dumping/manipulation by whales is typical and expected. Get ready to enter Long and ride with the Big Funds. Manage your long positions as there will be much more volatility and manipulation as we get closer to Bitcoin halving.
SOL bear flagThe only thing holding up the price of SOL is network congestion. People can't even transfer their coins to exchanges to sell them, even if they want to. That's a feature not a bug.
WIF is a forced meme.
Good job pumping and dumping your meme coins.
Greate job ansem. Don't hate the player, hate the game.
Sol Forecast...This is reminding me of early ETH right before it ripped - this correction is close to done or a tad more but overall it won't matter we're going much higher by the looks and people trying to short term trade this market or worrying over small 10-20% moves are going to miss the big moves coming for the majority of this year.
Possible new ATH for Solana ( this is HUGE ) Big dip and big drop of volatile ..
remember recent ATH is $260 and now solana target is over $700 until the year 2025. If I’m wrong then what new ATH will be for solana?
If you have over 1.000 Solana chance will get over $10K soon to be $20K
You’ll thank me later..
If you own over 6.900 solana then there’s a chance you’ll become a millionaire especially over 10.00 solana own your money profits will earn higher than you think.
This is the best to buy Solana.. if you chose to sacrifice any other coins that’s on you and your own plan.. to manage your bank roll.
Soo the circulating is
446.45M SOL
total supply is
573.80M SOL
ROI : +62808.00%
Solana will have the huge bullrun this year into 2025.. so please hold and don’t sell
SOL to $1,000spot trade, downside risk ~30%, upside 8x
Solana has established itself as the premier alt L1 this cycle, trading 45% off the highs w/ catalyst of WW3 and network congestion, latter of which will be fixed soon
bull market dips are for buying
Solana is being bought up by the bulls at the support lineSolana is being bought up by the bulls at the support line. If we see a good bounce from the support line then price target 🎯 is $150
Solana has broken down the channel. Will it bounce?Solana has broken down the channel. It is now on thin ice green support line. $120 has to hold strong line of support. Do u think it will hold or bounce?
SOLUSD FOUL US ALL WITH BULL FAKE OUT?SOLUSD i believe we just had FAKE OUT and did get most of us (lol)...
As you can see in the chart, after break down with the H&S market did come back and tested multiple time but fail to trade above it, and keep create STRONG RESISTANCE AREAS.
I believe for SOLUSD to go up and break this RESISTANCE AREAS needs to come down for more discount
We have DAILY support @ 169, if we hold here then again it will triggered the buy signal to at list 181-187. But if fail then highly possibility of seeing more decline to around 145-126 area
At the moment i have 2 sell
My target is
TP1 169
TP2 144
As usual i will update with any changes
Comments always welcome
SOLUSD BEARS ARE IN CONTROL TO AS LOW AS 137????As we can see we fail to trade above WEEKLY Resistance (183.90 Area) and Bears looks are very in control at the moment
The high possibility to go as low as 137 before we see Bulls come back
I have sell here and my target for now is 144-137, which will be good DISCOUNT AREA to go long from there (with confirmation of candles of course)
Hollaaa :)
Solana: Sellers in ControlTaking a look at current short term resistance (str) and short term support (sts). Retest at 205 was unsuccessful and the the sellers have gained momentum. Preparing for deeper correction to previous levels of support.
Solana PatternsWhilst the "Descending Triangle" was being heavily promoted in the market, I still don't think this was the case but a complex sideways action due to a correction possible wave(4) and fundamentals!
