Solana (SOL) Chart Analysis: Observing a Cup and Handle PatternThe SOL/USD daily chart displays a pattern resembling a cup and handle. If confirmed, this technical analysis suggests a potential price target exceeding $160.
SOLUSD.P trade ideas
SOLANA $SOL is shiningSolana weekly view. Obviously a lot of room for upside, we'll have to see and witness how that gets exploited and when. it could happen like this, probably too ideally. lots of other possibilities as well. ->The main levels are trade entries and exits
SOLANA: Be prepared for 170 Attention here! Yesterday's correction offered a great entry point at the 50 SMA, which acted as support (very bullish). We are on the verge of closing an entire 4-hour candle above 150, which is a very positive signal. If the breakout is confirmed (and the entire market doesn't flush), the price is likely to soar to 170 soon.
Solana- Rising strongly upward Solana is on the way to hit the target of around $300. Wave C is the next leg of an Elliot wave pattern which is an impulse wave, rising upward very strongly. The wave C must overlap the previous wave A as per rule of an Elliot wave.
SOL-USD: Elliott Waves of Solana2024-03-12 SOLUSD (Binance)
I haven’t found much on Elliott Wave work for Solana here on TradingView and that is probably why I have been asked about it.
So here is a quick view. The chart is really similar to Ethereum, in that the 2022 crypto winter bottom extended long into 2023 in form of an Elliott triangle correction in wave four of the Solana Cycle wave. The market is therefore now in Cycle wave five and Primary wave three, having completed waves one and two in Primary degree.
The chart shows that this Primary wave three has potentially a very long trajectory reaching up to at least 2000 USD, if we just accept standard wave ratios. So keep on buying and hodling, people and the chart will like that, if the overall market holds up.
With SOL price Above $150, buyers eye $250!nverted Head and Shoulders Breakout: SOL crosses $150 after an inverted head and shoulders breakout in the weekly chart.
Fibonacci Level Breakouts: With the 50% level already surpassed, eyes are now set on breaking the $158 mark, aligning with the 61.80% Fibonacci level.
Psychological Mark Reclaimed: SOL reclaims the significant $150 mark, signaling strong bullish momentum.
Upside Potential: From a year's low around $10 to crossing $150, showcasing Solana's potential for further gains.
Technical Indicators: The MACD indicator's bullish crossover supports the uptrend, suggesting strong momentum.
Volume and Market Growth: Rising volumes and market enthusiasm bolster SOL's trajectory towards $250.
Current Trading Status: Trading at $151.77 with a 1.94% intraday gain, maintaining a bullish pattern with a 47% increase over the last three weeks.
Potential Targets: Aiming for the $250 peak, with the immediate next step being the successful breach of the $158 level.
SOLPer my last SOL idea, continuation higher so long as above 133.
We're seeing that continuation higher now.
Liking possibility of it mimicking December 2023 price action (mirrored and flipped) to complete an extension above mid equidistant to the move from first quarter to mid.
Gas prices on Ethereum still too high.
Send it to 200+
SOLANA: 150 is coming Solana has been consolidating around 130 in the last couple of days. The uptrend continues to be supportive, if it doesn't break and the price action manages to get above 138, we can expect a rally to 150.
SOLANA: Be patient Don't force the market here, SOL will moon once we break 150. Until then you can chill out. However, market looks stretched on the leverage side and a reset-flush is becoming more likely. Dips could reach 137 or 128. Place your dip buy orders, because SOL is gonna rip soon.
SOLANA resistance turned support?SOL broke above 112-120,
the support tested well.
Bull momentum still good , as long as price above $112.
next resistance at $180-$200 zone.
and ATH at $260.
DYODD
$SOL Levels of interestSOL has been gaining momentum, but its short-term price increase percentages are still lagging behind BTC and ETH. However, I believe that SOL will soon flip that momentum. The question is when exactly that will happen.
I have identified some areas of interest on the chart. The red lines represent the lines of resistance, while the green lines indicate the support levels. If you are swing trading SOL, I suggest waiting to buy in the green box, which is in the price range of around $132.
Solana Weekly Analysis Solana appears to be in a favorable position, showing a clear and rational price movement without signs of being overly pumped or in a bubble. It has retraced from previous areas and we've observed price reactions in the short-term highs, likely due to buyers starting to take profits who buys around the $20 mark. Additionally, the price retraced to $100, which seems to align with algorithmic pricing and presents a good opportunity for buyers looking to accumulate and participate in this price run.
Looking ahead, the next target for Solana seems to be reaching intermediate highs and potentially surpassing its all-time high, reaching around $270. For those considering buying Solana, it might be wise to wait for a favorable entry point in the sweet spot area between $80 and $60. Then, one can consider selling at the all-time high to secure profits.
SOLANA buy dips to $120 and sell at the red lineI can't make it much easier, the primary goal is to short the red line.
You can long dips till it reaches that but a bull trend can always stop earlier.
Red line = Short entry
Solana roadmapHealthy retracement could be longed.
It is important to have an approximate idea of where one asset is in the elliott wave development.
Solana is a strong project and perhaps one of the strongest crypto currencies, so if something should be consistent and stable at its rise, i think it would be this coin
Solana | all time high | NEW ATHThe price targets of this chart are dreamy
We must be reasonable
What is clear is the $180 resistance
After this step, we can create the new ATH
Solana: Bulls are Back! 🐂Although SOL briefly slipped below $118.65 last Tuesday, it recovered quickly and made another bullish advance. We continue to see the altcoin in the beige-colored wave (3). It should expand a good deal further before it is followed by an intermediate wave (4) correction. Afterward, there should be another upward thrust, which should then bring the green wave to an end.
$SOL attempting to break the trendCOINBASE:SOLUSD trend has been down since Christmas. It's finally grabbed the lower liquidity at $80 and bounced nicely through the downtrend line. We'll see this week if we can get continuation back towards the highs.
Looking for $127 or slightly higher.
SOL - The not so bullish newsSOL seem to be close to a completion of the rally to the upside.
If we are not able to make make the 5th wave after a correction, then this whole move up have been a correction and the larger move is to the downside.
If this whole up rally is indeed a correction, we will most probably retrace the entire move up and even make new lows.
Not financial advice.
- Work of fiction and magic.
SOLUSD Can $5000 become a reality??Solana is overbought on the 1D technical outlook (RSI = 75.694, MACD = 9.354, ADX = 24.946) and even more so on 1W (RSI = 84.892) but that doesn't seem to stop its remarkable uptrend as it broke over the R1 level (144.00) today and the only Resistance standing now is the ATH (261.50). The price action is so far quite similar to the very beginning of Sol's trading days and the CCI supports that.
Consequently, if the long term pattern is a Channel up, we can see a Bull Cycle up to early 2025 and peak near its top (TP = 5,000).
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SOL proceed with caution but keep an eye on itAlthough SOL has had a lot of strength lately it's important to pay attention to the region we're in now. Based on the fib retracement from the last high to the lowest point we're approaching the 0.6 golden ratio retracement. This region being a zone of big resistance I'd watch to see how it reacts and look for this level to get flipped before going in. Following this targets are set as the orange dotted lines based on monthly key levels. Based on how price reacts to these levels if we pass the last high it's clear skies.
SOL has an x-factor which is its market of NFTs. Especially as meme coins and such are trending at the moment keep in mind this has boosted SOL's performance. Every time such digital products are transacted it's using SOL. This hype may not last so it's important to keep an eye on price but to keep emotions out of it.
Sol breaking target after targetSol is blasting through price targets on this altcoin season/bull run. I think the token moves to 173 rather quickly here based on this momentum. The medium term target is that blue fib or 227$.
>$140 SOLANA AFTER BTC ETF APPROVAL
Macro-wise SOLANA is currently in the top 5 based on market cap and is performing extremely well in terms of active users and DEX volume. The BTC ETF approval is on the horizon and institutional money is getting ready to pump spot BTC purchases which is going to bring everything up in the coming weeks.
On the day chart the trend remains strong. The cRSI is within an oversold area while the price remains within the trend. RedK indicator is showing that selling energy is comparatively low to the buying energy. Interest in selling is declining along with the volume. Its likely that we're seeing some profit-taking at this level of the rally and buyers are waiting for a better entry.
Given that the recent dump in BTC cleared up a large amount of over-leveraged positions, I think its normal to see SOL cool-off for a bit before we resume momentum to the upside.
SOL - Fuel Availability AssessmentAt this time it would be premature to draw definitive conclusions about the situation. We need to be patient and wait for the critical crossover point.
I am leaning towards reducing asset values and taking liquidity down from lower levels while addressing the "FVG" issue.
I intend to explore lower time frames (LTF) of 15 minutes to 1 hour to determine a suitable entry point. If an "OB" breakout occurs, I will switch to capitalize on the prevailing trend.
Conversely, if the bears show resilience and form a downward trajectory, I will position myself appropriately within the downtrend.
