SOL road to $2kI think its difficult but not impossible to reach 2k. Tell me what you think. NO FINANCIAL ADVISE
SOLUSD.P trade ideas
Solona ready to test 125 dollarThe 98 dollar support is holding, and its making higher lows. If its break the uptrend and the 98 dollar support.
Then we maybe se a pullback to 80 dollars, but everything is saying that solona are going to test 125 and then maybe break it?
Adam and Eve formation Solona has formed an Adam and Eve formation. The measured move is just above 116.00 per share.
Sol deadcat bounce incSol is still WAY overheated on long-term time frames . This breakout is a fakeout in my opinion, whales who bought last year can sell for a capital gain. The token continues to inflate and the market cap is obscene for the TVL and tokenomic structure. It is important to note that SOL did overtake Ethereum on 24hr/ 7 day / 30 day volume which is a huge milestone. Myself as a smaller market cap investor am losing interest when other chains have better fundamentals and move upside. I am short here on the long-term but still involved in RNDR and DIO on Solana.
SOL Breakout of new accumulation wedge?Looking at the breakout of the newly formed flag after exiting the downwards trend.
Seems to have broken out on the 1H timeframe
Obviously shall need further confirmation of this.
SOLSOL is ready for next leg higher imo.
102 is the mid of our first quarter and mid of the whole move.
Above 102 I believe it's likely to then run range highs up to 133 (mid), taking out Dec swing high.
Something like 133 by Jan 7 seems reasonable to me.
SOL Price Analysis: Stuck in Consolidation, Awaiting BreakoutCurrent Trend: Solana's price is hovering within a consolidation range, predominantly between $98 and $108, indicating a phase of indecision.
Key Support: The 50 EMA in the 4-hour chart provides crucial support, sustaining the sideways movement.
Breakout Potential: If Solana manages to break out of this consolidation phase, there’s potential for an upward movement beyond $125.
Market Sentiment: While the market seems indecisive, there's a quiet optimism for a bullish breakout, although sideline traders seek more solid confirmation.
Recent Performance: Solana faced a decline at the close of 2023, retracting from a peak around $125 to retest the $100 level.
Technical Structure: The range’s boundaries align with key Fibonacci levels, making a breakout in either direction pivotal for future price action.
Current Trading Price: Solana is trading at around $102.03, with a slight 0.44% intraday movement, creating an indecisive market scenario.
Technical Indicators:
RSI: In the 4-hour chart, RSI trends below the midway point, hinting at a slight bearish bias.
MACD: The daily MACD shows a bearish crossover, suggesting potential for a stronger pullback.
Downside Risks: If the consolidation leads to a downward break, Solana could face a 10% decline, potentially revisiting the $90 level.
Upside Potential: A bullish breakout could see a 25% rise, challenging the $125 high and possibly reaching $150.
Market Watch: Traders and investors are closely monitoring the consolidation pattern for signs of a decisive move in either direction.
Rejection of inverse head and shoulder patternThis rejection of reverse head&shoulder pattern could mean we go an test $80 to $90 level
$SOL It's over manletsIt's CRYPTOCAP:SOL over for the manlets.
Losing the $100 handle will cascade the manlets little paper hands.
Lets see.. Stops at $102.
Solusd buyAlright so the trend is already go up which signifys growth, it also retraced almost to the 6.18 gib level congruent with with support line 99.01 price. So if we look at all this together with the news saying its going up and all the other ideas matching that which is sentiment analysis we can be confident.. The order book is balanced which will signal bullish entry as well as the 2nd elliot wave in effect. We can conclude and be confident that we can expect growth in the next coming months. Thank you please like. Oh also tradingview let me know if I gotta change anything (:
I think we may test €80 before continuing this bullish moveIf you look at 4 hour or 1 hour chart you can clearly see that price want to go test $80 to $ 90 level but because of lack of volume due to new years eve getting rejected at 100-102 level however whenever liquidity arrives we may see an impulsive move to the downside which will wipe out weak hand from the market and then it will start to go up again
Possible Trend Reversal SOL 1h IdeaExploring SOL breaking out of the previous descending wedge.
Diversion towards upward movement on the hold of a brand new trend line, looking for validation
Also coping...
solana one more leg down on the 1 hour?one more down for sol? after the bounce we needed see what the chart telling us, butt the most likely is the bluecount on the 4 our chart is playing out.
My opinion about the price reduction SOLUSDAccording to my strategy, the price reduction signal has been issued.
SOL/USDC - Daily ChartIt looks like Solana is finally ready to take a breather & hopefully pulls back! The reason I say “hopefully” is because a parabolic like run up in price action for so long without retesting previous resistances & officially flipping these levels as support is unhealthy. Sure it’s fun & all, but that fun will not last. The faster we go up without retests = the faster we’re going to fall & that much easier to plummet down with little to no support. The longer price stays at or hits a certain level, the harder it becomes to break that level! Last bullrun CRYPTOCAP:SOL shot up from $20 to over $200 in a short period of time, it wasn’t the most healthy run up due to a lack of retracements confirming solid support level… and what happened? Price action fell back down, cutting through what little support we had like a hot knife through butter! Solana isn’t necessarily in price discovery as we’ve seen these levels before, BUT we haven’t seen them for long! I.e., CRYPTOCAP:BTC at 21k & 30k & 48k = a lot of activity basically means a lot of trades were places & a lot of money was passed around near these zones. Now CRYPTOCAP:SOL on the other hand… does not have these confirmed price levels to act as a floor. This means it’s going to be pretty easy to fall right back down with little/less hope of bouncing off one of these “floors.”
Bull run of SOLANA MIGHT NOT BE OVER YET!!A triangle has just been broken. Head and shoulders forming and confirmed by volume.
SOLANA THE RUNNER Solana is a blockchain platform which uses a proof-of-stake mechanism to provide smart contract functionality. Its native cryptocurrency is SOL. Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018.
SOL/USD Quickie - Target $159Bullish Flag appears to have broken into bottom of Ichimoku resistance cloud, and will likely continue upward through the top to begin a rally after breaking through the cloud, then upward to our target to complete the results of the bullish flag from the days before.
Could $SOL be ready to make a move back to the yearly ATH?CRYPTOCAP:SOL has broken out of a falling wedge on the 3H and might be heading back up to retest the previous yearly high. Keep in mind this could get rejected due to the red cloud around the 109.45 area. NFA
SOLI still believe SOL can run range highs from here up to 133 or so next.
So long as continues to close above mid range, 133 comes next imo.
Looks to be catching bid now atop mid range, and confluent with h1200ema.
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#SOL_USDI spot key support around $10 if wave 2 brings some upside relief. But ultimately my fib projections point to another gut-wrenching plunge to tag the $5 area before this nasty bear shuts its jaws. If my cryptography proves correct, the next bull run could take Solana up 10x from those lows!
Join me crypto cowboys and cowgirls! Smash those like and subscribe buttons for more money making insights and analysis. Just remember this bear won't last forever. We'll be riding the bull again soon enough! #Solana #Crypto #ElliottWave #TechnicalAnalysis #BearMarket
Solana (SOLUSD) Potential Bullish ContinuationSOLUSD
Potential Bullish Continuation Following Falling Wedge Formation
A substantial falling wedge pattern has emerged on the chart, a pattern typically associated with bullish continuation. Price movements have converged within the wedge's upper and lower trendlines, suggesting a potential accumulation of buying pressure, possibly indicating the end of the correction.
The recent bounce from the EMA200, in alignment with the 0.382 Fibonacci retracement level, adds further support to the potential bullish continuation scenario. Currently, the price is moving between the EMA50 and EMA200, indicating potential consolidation before a breakout.
Key Levels:
Support:
EMA200 (Green line) - A breach below this level may invalidate the bullish pattern.
0.382 Fibonacci retracement level (approximately $102.37) - A break below could signal further downward potential within the Support levels area.
Resistance:
Upper trendline of the falling wedge (blue line) - A breakout above this line could validate the bullish reversal, signaling potential upward movement toward the wedge's apex within the resistance levels area.
Trading Bias:
Bullish with Caution: While technical indicators and the pattern suggest a potential upside, confirmation is crucial before initiating a trade.
Trading Strategy:
Consider waiting for a breakout above the upper trendline of the falling wedge to confirm the bullish continuation before entering a long position. Alternatively, a conservative approach involves waiting for the price to close and consolidate above the EMA50 to mitigate the risk of a false breakout.
Happy New Year from Manolis
