Neo wave analysis for solana hi, I think Solana chart shows that we need drop about 25% or 30 % to start good move about 900% or 1000% as C wave.
SOLUSD.P trade ideas
SOLANA: The bull case for 2024If SOL was going for a 5th wave, i'd expect a structure like this where the wave 5 is equal to the length of wave 1 (or lower even) resulting in a very fast move up, and very fast move down.
Target would be $300-366.
That would make the big consolidation at the top a complex wave 4 structure which is now forming a leading diagonal ABCDE triangle as the start of the final wave.
SOLONA may go upside from OB.SOLONA may go upside if price touches OB.
Bullish Order Block :- 136.10 and 133.14
Bearish Order Block :- 150.43 and 148.37
We can expect that the price may go upside if it touches the Orderblock. there are high chances that the price will take a pullback from the bearish order block. meanwhile if it hits bearish order block it may come down.
i have analyzed the chart using the most advanced price action SMC (smart money concepts) which tells us the foot prints of institutional investors who invest large amounts.
According to my analysis i suggest that :-
Entry Point :- 136.10
Take Profit :- 141.23
Stop Loss :- 130.96
[SOL/USD] Back at supportThis CRYPTO:SOLUSD dull market has now last 206 days, and the price, after made a bounce, has now back again at the 220 EMA.
The last 206 days, the price has made 2 fakes, many bounce around & many many bored traders. I love to see beautiful price movement & this ain't one.
Bearish ? my trade is based on chart, so this is not the option yet as the price still not breaking its support (220 EMA, as well as the support line at around 125 price point) & MACD is still positive.
Cherio...
SOL forecasts SOL/USD Technical Analysis 🌐💹
1. Key Resistance Levels:
- $260: A major resistance zone. The price has struggled at this level before, and it may act as a significant barrier again in the near future. 🚧
- $290: The next potential resistance target after breaking through $260. If SOL breaks above $260, this level could serve as the next upward target. 🎯
- $220: An intermediate resistance level between $122 and $260. This could be the first major hurdle for any upward movement. 📈
2. Key Support Levels:
- $122: A strong support area that has held up well in previous price movements. If SOL faces downward pressure, this could be a key level to watch. 🛡️
- $77.81: Another crucial support zone that could prevent further declines if the price drops below $122. 🔑
- $27.06: The final strong support zone; this level is critical as the last defense before a potential significant drop. 📉
3. Potential Scenarios:
- Bullish Case: If the price breaks through the $220 resistance, a move toward $260 and then potentially $290 could follow. A strong breakout above $290 would signal a major uptrend. 🚀
- Bearish Case: If the price fails to hold above $122, SOL could drop toward $77.81, with the $27.06 level acting as a crucial floor if bearish momentum continues. 🔻
Overall, the price is currently consolidating around $140.68, and traders should watch for breakouts or breakdowns from these key levels to determine the next major move.
SOL Can Crash The Market - FTX Bankruptcy money MartyBoots here , I have been trading for 17 Years and sharing my thoughts to keep you updated on the current market situation .
SOL has formed the same pattern as BTC back in 2019 which crashed the market.
This situation needs to be watched very carefully
They may want to drop the market and buy it up cheap with FTX bankruptcy money
SOLANA SOLUSD: 15M Retrace into demand zone. Then a move higher.Nothing goes up in a straight line of course. I don't think Cryptocurrency has made a false break upwards since about Friday, bitcoin, solana, retracing into more demand areas to attract new buyers at better prices imho.
Disclosure: I am a holder of cryptocurrency & in particular Solana.
You can see in the chart below 15m. Solana is making its way down to a 15M demand area buy order block, this area coincides perfectly with todays' 38.2% Fib retracement.
4HR Fib Retracement Below:
SOLUSD-BUY strategy 90MIN chart Heikin AshiIt feels we may see a test of 152.00 again short-term. Volumes are supporting BUYING pressure and also stoch and SMI both reflect upside potential.
Strategy BUY @ 14350-144.25 and take profit above 155.00 for now (expecting spike).
SL based on your personal wishes.
Solana In The "Green Zone," Looking DownI can see Solana in the "green zone," but it is looking down. This is the weekly timeframe and SOLUSDT is in the same condition it was in late 2021/early 2022. It was green after major, massive growth. After major, massive growth there is always a correction.
The highest buying for Solana happened in November 2023, almost a year ago. After this date, every single week and month trading volume has been going lower. Volume dropping is a strong bearish signal when coming off a new major high. In this case, Solana printed a multi-year high and trading volume (interest) continues to wane.
I see Solana in the green but prices are no longer rising, we have been seeing lower highs for 7 months straight. I can even say that it is kind of subtle, what has been going behind the scenes. It is like something is happening but nothing can be perceived. It is the illusion of stability powered by the hope (greed) of continued growth. After massive growth a correction follows and Solana grew really, really strong.
The chart is saying down, we are expecting a major drop.
How far down can it go is really interesting because there are many levels showing support and plenty of room to move down. Short-term, we have the main levels below 100. Then there is 75 and also 55 and 60. If things get bad, it can go below 50 on a flash but a recovery would be fast.
We are talking about something big but also fast.
Say the market starts to move lower slowly for several weeks, out of nowhere, it starts to speed up and never stops until a major low is hit. As soon as the low is hit, an even faster recovery shows up. Before we have the time to breathe and adapt to what is happening we have better prices but the shakeout will be done.
The market will be shaken out, are you ready?
Are you ready for something unexpected in 2024?
It is amazing, this same year you saw the highest high in a long while and in this same year you will experience a major low.
This is all good. All is good.
Let the market shake in 2024 because in 2025 we will only see growth.
Namaste.
SOLUSD - Short Term Bullish ScenarioSOLUSD has been trading in a big range after its retracement from its high of 210.00. Price has recently retested the 120.00 price level and MACD forms a bullish crossover while remaining below 0, with RSI consolidating just below level 50. A higher continuation is anticipated with a 163.00 price level on the spotlight.
Lets short this rising wedge on SOLThis is a pretty straight forward short. This bullish exuberance on the part of BTC and crypto is totally in conflict with what the charts have been telling us the past few days. This looks by all means to be a bull trap/stop hunt before the real journey down.
The weekly on BTC is the key to understanding why we are headed down from here.
I will close my short in a loss around 148.
Like and comment please.
Sol to 200$ in coming weeksSol is prepping for a big move, you can see that golden fib getting tested over and over. With the daily stochastic RSI finally pointing upward, the weekly following, there will be a momentum shift. This lift off the 50 EMA is bullish, and the last dip into the 130s was eaten up very easily. There is a huge buy volume at 145$, this will help support current price.
Targets:
Short-Term 200$ retest by end of month
medium-term 275$
End of Jan 375-400$
Solana Climbs 2.9% so far today Sunday!
Solana reportedly one of the bigger Crypto's to shine and do very well over the next 6 to 12 months. Up 2.9% during Sunday today and still climbing.
SOL Price Action and Potential Cup & Handle SetupIt’s becoming increasingly clear that SOL, much like BTC, is forming a cup and handle pattern. Once the trendline is decisively broken, this pattern should lead to higher highs, with the target being roughly the same distance as the height of the cup from bottom to top. If a breakout occurs, SOL’s target could be significantly impressive.
However, unlike BTC, SOL (and similarly XRP) often doesn’t follow the typical market movements and can act independently. While I’m not a huge fan of SOL due to its more isolated nature and weaker focus on macro trends, this is an undeniably strong technical setup.
If SOL does break through the trendline, I expect it to initially pierce above, only to retest and sit on that line. If the upward trend continues from there, the cup and handle will be fully in play.
SOL to pull back before next bull runSOL has closed 3 x 2 month reversal candles in a row, Im happy to stay out untill I see a clean break of the highs or more than likely a pullback to $90
SOLUSD SELL ANALYSIS HEAD AND SHOULDER PATTERN Here on Solusd price has form a head and shoulder pattern and now try to fall . There is a big chance of falling if price reach line 142.14 so going for SHORT is needed with target profit of 141.66 and 141.12 . Use money management
Massive 7 Month Bull Flag on SOLAfter an 800% rise from Oct 2023 to March 2024 Solana has been in a wide descending triangular range between 200 and 139 roughly. I see this as a super Bull Flag. One sees what one wants to see but with all the catalysts on chain and what is sure to be a strong year end finish and rise into the final part of the Bitcoin halving cycle, I rather think SOL is going to pull up to 300-500 range conservatively and I believe the move will be fast and furious as the previous "most hated" rally happened. Stay focused and ready and do not believe the long term bears. Short pullbacks happen, but long term no one has any biz being negative on SOL or BTC or ETH for that matter. Crypto will only continue to rise and SOL will be the leader!
SOLANA Go for sure targets not fairytales.Solana / SOLUSD is about to close a day of strong gains above the 1day MA50.
This is coming straight on Higher Lows since Sep 6th in a similar way as the May 1st Channel Up that hit the 0.786 Fibonacci level on the Falling Resistance.
Buy and target 171.00 (Fib 0.786).
Follow us, like the idea and leave a comment below!!
[SOL/USD] In need of serious bounceFirst, let's take a look at 4 hr chart of CRYPTO:SOLUSD . The 220 EMA line has now breached & the price dive further to 136-138 zone at the moment. So, what's next ?
Why don't we try to zoom it out a bit, see the daily chart. It is now resting at 220 EMA line, which as well the trend line support.
To continue its bullish journey, the price need to bounce from here (duh...) as it needs to avoid the EMA making death cross, as well as the MACD need to breakout from its downtrend line.
The long term view of this token is actually looks pretty. There's a beautiful pattern in the making on the higher time frame, but let see how this daily setup played out first.
Cherio...
SOL retraced to the September open Risk adjusted entry?SOL the retrace has come back to the 0.618 fib and is sitting in golden pocket. There is confluence with this level from the AVWap of the September lows and the September open. some trading may use this area for an entry with a tight risk adjusted exit if we fall below. Enjoy, Not financial advice.
I just like to draw lines and color in the charts.
SOLANA FORECAST - ITS GOING TO SKYROCKET But not before hitting $.38 cents. Get it now before the plateau, this will be the last time you EVER seen this coin at this price again.
Ya boi,
Antizma
[SOL/USD] Just when you think you're out of the woodRight...what we think market will do is one thing...what it does, is another whole thing.
Let see COINBASE:SOLUSD 4 hr chart here. Price has dive from 160 & now resting at 220 EMA, which happen to be the trend line support. Let see if this holds & the price is able to bounce from here.
[SOL/USD] Solana's Rest & RetraceOn its 4 hr chart, CRYPTO:SOLUSD is retracing, with price now hovering below EMA 26 & MACD is testing the support line. Let see if it holds.
Long term view is still bullish.
