SOLUSD.P trade ideas
Solana Price Action After Doji on Weekly ViewThere is a doji again in the same price range. First one formed in the last cycle at the beginning of bear season. Second one formed last week months after horizontal accumulation. Big red weekly candle occured after doji in the first one. Now, there's possibility to see similar thing.
Cup and Handle on the 1W Hi Folks, it's been a while since my last post, but I've been lurking in the background watching the bear market of crypto and riding it out while waiting for the BTC halving to come in.
Well, today, and after the flash crash, I'm writing to share, what many may have already seen, which is the Cup and Handle formation occurring on the 1W SOL chart.
Speculatively, a breakout could be coming as the handle slowly comes to a close, although due to the nature of our current global climate, anything is possible; but should this cup and handle complete it's formation, the upside could be quite exciting.
Stay safe, DYOR and happy trading
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area.
However, in the last 2 days, the price has reached the upper area of the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area.
But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area.
However, in the last 2 days, the price has reached the upper area of the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area.
But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
Long trade
Fri 9th Aug 24
Buyside trade
NY Session
18:22 PM (NY Time)
Buyside trade
Entry: 153.24
Profit level: 178.33 (16.37%)
Stop level: 153.01 (0.15%)
RR: 109.9
SOLANA (Crypto SOL-USD) SELL TF D1 TP = 45.45On the D1 chart the trend started on April 04 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 45.45
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
SOL 65-80 before ATH's Watch the video Hidden bear divergencenot financial advice
I made a video here of possible moves that can happen moving forward and hopefully it is an insightful way for you guys to see the bigger picture of whats going on and where we may be headed
SOL - LEVELS TO WATCH Disclaimer: This is not financial advice. Most traders lose money. Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high-risk tolerance and the financial ability to sustain losses.
Solana 100 w / 200 w golden crossover imminent?solana / usd binance, 1 W , auto log scale
Last weekends panic dump found support on the 50W SMA.
There is a 100 W / 200 W golden cross incoming in the next two weeks.
We are reaching the end of the bull pennant that began forming in feb/ march. Although, there are new highs and new lows that could arguably redraw this pennant into a flag. If its a flag and not a pennant we could go sideways for longer in the flag formation. I personally think that more sideways movement is better, coiling the spring and (if it breaks upwards) a larger and longer bull market.
But if it is a pennant, and combining with the potential golden cross it seems like that's a meaningful coincidence likely to breakout upwards. I say upwards because the trend is your friend.
Also, the same 100 w / 200 w crossover is happening on bitcoin, at pretty much the same intersect.
SOLUSD SHORTIf price can break and retest 153.00 I'm looking to target 125.00
- Weekly is bullish, daily is bearish
- daily made potential LH at 618 retracement at 162.00
- 4hr still bullish but made a lower High
- waiting for break and retest of 4hr support and 50 ema
- In confluence with my BTC short bias.
Bullish Long Term Setup For SOLUSDThis is a longer-term long setup for Solana: it is based on a hidden bullish divergence in the OBV.
We have chosen the D2 timeframe so that the trade should unfold within around two to eight weeks.
The setup does not contradict our bearish analysis for BTC, which is based on the H3 timeframe.
Accordingly, Solana could also initially fall back to around USD 150 or below and then rise.
my suggestion on SOLUSDTsolana is going down to 125 dollar ,a very strong support for new buyers. lets see how it plays.
SOLana crip crab walkin' down to ~130Bitcoin is overextended, Solana is too. Only thing is: alts/memes are still doing pretty good on the network. This could explain why 130 is the current floor for Solana while Bitcoin crabs down. Or it could indicate a higher prob of a resistance breakout for Solana. Im going to short it anyway.
LONG SOLANA FROM $150 - $152. The crash that took Solana to $110 was a massive ride. We have also seen the asset recovered to FIB61.8 zone and currently sitting around FIB50...
Longing from this zone will likely give RR of about 1:7 all this being equal.
lets ride this baby north.
I am bullish
SOLANA - 5th Wave Bull ComingSolana is darling of cryptoworld. It has been consolidating in wave 4 for last 6-7 months. It's ready to make a move in wave 5.
Fasten your seat belts :)
If you like the idea, kindly like and share.
Solana: The High-Performance Challenger to Ethereum
Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike.
One of the most compelling factors driving Solana's growth is its impressive performance metrics. The blockchain boasts a significantly higher transaction throughput compared to Ethereum, enabling it to handle a larger volume of transactions without compromising speed or cost-efficiency. This advantage is crucial for applications requiring rapid and scalable operations, such as decentralized finance (DeFi) and gaming.
Furthermore, Solana's Total Value Locked (TVL) has been steadily increasing, indicating growing confidence in the platform's capabilities. As more projects and users migrate to Solana, the ecosystem becomes more robust and attractive to new participants. This virtuous cycle has the potential to accelerate Solana's growth trajectory.
Experts in the cryptocurrency industry are increasingly bullish on Solana's long-term prospects. Many believe that the platform's technological superiority could enable it to surpass Ethereum as the dominant smart contract platform. While Ethereum has a substantial first-mover advantage and a vast developer community, Solana's performance advantages and growing ecosystem are challenging this dominance.
Recent developments in the cryptocurrency market have further fueled optimism about Solana's price appreciation. The approval of Bitcoin ETFs by regulatory bodies has injected a wave of institutional capital into the crypto market, potentially benefiting all cryptocurrencies, including Solana. Additionally, the anticipation of an altcoin season, a period of heightened interest and investment in altcoins, could lead to significant price gains for Solana.
However, it's essential to approach any investment with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Solana, like any other cryptocurrency, faces risks and challenges. While the platform has demonstrated impressive growth, it's crucial to conduct thorough research and consider the potential downsides before investing.
In conclusion, Solana's combination of high performance, growing ecosystem, and positive market trends positions it as a strong contender in the blockchain space. While the competition with Ethereum is fierce, Solana's ability to deliver on its promises could propel it to new heights. As always, investors should exercise due diligence and carefully evaluate their risk tolerance before making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
SOL (Y24.P2.Video1).Big play is coming to its end.Hi traders,
We had a theory about this channel and it seems its coming to its final stages.
Don't miss out.
Regards,
S.SAri
Solana Is Still Bullish, Eyeing All-Time HighsSolana with ticker SOLUSD is one of the strongest cryptocurrencies in the last year, ideally unfolding a five-wave bullish cycle.
Despite recent slow down in the Crypto market, it can be just finishing a nice flat correction in wave 4 at the channel resistance lines and with the same length as wave 2.
So, still watch out for a bullish resumption within 5th wave that can push the price towards all-time highs.
solana to the moonusing sol/usd 1D auto/log scale
I first made a fib channel from token launch to the top of 2022 and dragged it out to 2025. To my surprise It had quite a few interesting points of contact, the more you look the more there is, pretty meaningful to me.
Then I made fib retracements for all the major rallies, there seemed to be a lot of support resistance around the fib levels 2.618 / 3.618 / 4.236 / 4.764.
I couldn't find any meaningful patterns with the other fib levels so i deleted them.
looks like we're going to 700 - 1200$ in mid- late 2025 if the pattern holds one more time, and so far we're 4/4.
also, the fib channel would seem to imply that we are fire sale prices right now, interesting the same thing is reflected in the long term btc fib channel. Something about the truncated CV rally seemed to keep us moving sideways. I suspect this is institutional whales accumulating and keeping us in this channel until something pushes back (halving).
glhf
not investment advice.
Solana to $300?Imho, the worse is likely in and even if we get a pullback, we'll chop around near the lows.
- Swing failure at range low
- Previous lows and range low defended
- Previous year high defended
- Reclaimed 200MA on daily
- Reclaimed POC
- Time + Price based capitulation likely done
- Possible selling climax in
Disclaimer: This post should NOT be construed as investment advice and is meant for learning purposes only. Please consult your financial advisor before making any investments.
$SOL -- After the dump.We predicted this deep move down, and now it looks like SOL has corrected up to the "golden pocket" area.
Perhaps we touch 160s before more down. At the moment, I'm thinking August is mostly chop before September lows.
What do you think?
SOL-USDT 1D chart Hello everyone, I invite you to a quick review of the SOL/USDT chart on the 1D time frame. As we can see, the price had a sudden downward impulse below the upward trend line, but quickly returned above it.
Going further, you can see how the price returned above the support at $140, then support at $126, and then strong support at $105.
Looking the other way, you can see resistance at $154, the next resistance is at $166 and then strong resistance at $182.
