SOLUSD.P trade ideas
Solana reached price targetCRYPTOCAP:SOL The log-scale target of 86.48 set by the Oct 23 completion of an 11-mo ascending triangle has been met.
Solusd sellRsi says that its still going down, as I said it looked exhausted, market structure looks bearish, doubletop formation
VSLRT Divergence with price action on 15m candlesThere is a divergence between the VSLRT Oscillator and the price action on 15m, this may indicate a new bearish trend.
After all, market is not magic and not makes everyone do money! So I see here a short opportunity.
Solana Christmas Rally 2023Just a fibbonaci on Solana with the recent runup. That was a good run and a good sign for the market cycle going into spring.
SOL thunder in the distance, be careful bulls.SOL is forming a huge rising wedge, and a breakdown could trigger massive sell-offs and short positions.
RSI is indicating there is no power in this upward move and is ready to cool down, signaling a potential strong drop.
MACD is way overbought, similar to RSI, and also shows strong and powerful negative divergences, as does RSI. Histograms are ticking lower, indicating a lack of power.
All in all, bulls are safe if the price continues to rise and stays within the pattern. However, if and when the price breaks down, a significant sell-off will occur, leaving many retail bulls on the wrong side.
Watch out.
SOLANA: Eyes on 105 Impressive! SOL's price action has been remarkable in the past few days, perfectly hitting all the charted levels. While a healthy pause could appear naturale here, the question arises: if the current hype persists, what could be the limits? The next milestones are set at 100, 105, and 111, with 105 proving to be a particularly challenging hurdle. A breakthrough at 105 could potentially unleash significant upward momentum for SOL. Exciting times ahead!
Solana Final Ending Diagonal to 3 digits before collapseDouble bottom back to single digits by 2025 dont @ me.
SOLUSD Mouth Moon MissionHere is the way I see it:
SOL hits the resistance at ~$140 then pulls back to ~$80, creating a giant cup and handle. Then launches a space-bound burger on a moon-mouth mission.
Obviously not financial advice.
Solusd sellThe bullish trend looks exhausted, we have a double top signaling bearish movement, we have a candle stick bearish engulfing candle and also a breakout to the downside
SOL triangle breakoutfinally SOL breakout above $64. just like BTC & ETH.
MACD crossed.
next resistance for SOL at $100.
DYODD
Solana (SOL) Flips XRP As It Tops Ethereum In 24-Hr DEX VolumeSolana's surge propels it to surpass XRP while achieving a milestone by leading Ethereum in 24-hour DEX volume.
In a compelling twist of events, Solana ( CRYPTOCAP:SOL ) has soared to become the 5th top cryptocurrency by market capitalization, surpassing XRP on December 20. Over recent weeks, the bullish momentum in CRYPTOCAP:SOL ’s price has propelled it into the spotlight, posing a challenge to XRP’s position amidst choppy market conditions.
Catalyst Behind The Surge
Meanwhile, this surge is intricately linked to the rising popularity of the meme coin, BONK, flourishing on the Solana blockchain. So, let’s take a look into the factors behind Solana’s recent ascent and its price performance.
Here’s Why Solana Poses Challenge On CRYPTOCAP:XRP
The meteoric rise of Solana in the crypto hierarchy finds its roots in the success of the meme coin, BONK. Over the past weeks, the BONK price has experienced a remarkable surge, marking a substantial 80% increase in its weekly price.
Meanwhile, the catalyst for this surge lies in the meme coin’s recent listings on major exchanges, including Binance and Coinbase. The support from these global platforms has catapulted $BONK into mainstream recognition, contributing significantly to Solana’s market cap ascent.
In addition, Solana’s recent milestone of surpassing Ethereum’s 24-hour decentralized exchange (DEX) volume marks a pivotal moment in its journey. Solana’s proof-of-stake (PoS) blockchain has outperformed Ethereum’s chain for the first time since its launch in 2020.
This achievement is attributed to several factors, including a surge in Solana Mobile purchases, substantial trading volumes associated with $BONK, and a prevailing bullish sentiment within the Solana ecosystem. As Solana continues to disrupt the crypto landscape, the industry eagerly watches its trajectory in the coming days.
$SOL- JUST LOOKING AT SOLThat seems to be Sol's intention this Christmas
Just waiting for the right trigger!
SOLANA: 80 remains the target 80 remains the target if the 100 SMA acts as support like last time. Atm, we can see the price holding there. Very clear invalidation and if it breaks we could go straight to 62.
Break $80 and we fly highThis healthy consolidation area sub $80 is ready to squeeze. Next major levels of resistance are $104 and ~$135
Buy more at 60.50Head and shoulders, should buy more at 60.50$
There is still a very bullish trend but this graphic show we gunna get a 3% down in a few minutes
Solana ascending triangle (80$ before 2024)My guess is we'll break 80$ before the new year!
Check this out!
SOL - Another perspective ; momentum - part 1SOL - Another perspective ; momentum - part 1
Looking at SOL here, comparing pumps from one indicator perspective (momentum).
$100 top on this fractal/lens.
Lets see how this plays out.
Going to do part 2 which will be an update to my old ETH/SOL comparison idea. That one pretty much played out exactly so far over the last few months.
SOLUSD (Daily) - bearish indicators?SOLDUSD daily trendline is holding, but the volume, MACD, and RSI show bearish divergence. I'm monitoring to see if we get a trendline break followed by a bear flag.
