Solana weekly bull pennant. This is what I see. I am long Solana and will hold until etf is approved. Happy trading. Longby ParabolicPUpdated 1133
$Sol trading ideasolana is in the process of going back to $193... target is as outlinedLongby Nick.TkgProfits0
People Lie Charts Don't...Giving me flashbacks to the NEO chart back in the day where everyone thought it was the ETH killer lol...they even called it the Chinese ETH!, but it died and kept on dying...this will be no different and all these other L1 chains with their fancy high tps/scalability bla bla bla the end result will be the same...mega down and people left holding the bag wondering how they got scammed so hard.Shortby Swoop6191912
Short trade Tue 30th July 24 15min TF Entry Sellside LND Session AM 3.45 am NY Time Entry: 182.32 Profit level: 177.16 (2.83%) Stop level: 183.24 (0.50%) RR: 5.61Shortby davidjulien369Updated 0
solanaHey guys It seems that we can expect a reaction from the two specified price ranges. On the thirty-minute time frame, a compression movement has been created and it seems that according to the signals issued by Ichi Moko; We can expect an upward trend up to the specified price area. Keep in mind that if the marked red support area is completely consumed, the possibility of a downward trend to the $60 price area can be considered!!! Is the news that QSOL is listed on the Toronto Stock Exchange true? What do you think?Longby BiTBingoUpdated 3
It's not looking good for Solana....My prediction is that Solana CRYPTO:SOLUSD COINBASE:SOLUSD BINANCE:SOLUSD BINANCE:SOLUSDT is overvalued in the short term at $190 for several reasons: Price Surge: The rapid increase in Solana's price has outpaced its actual adoption and technological developments. Such sharp price movements often lead to overvaluation. Technical Analysis: The formation of a double top pattern, a bearish technical indicator, suggests that the price has reached a strong resistance level at $190 twice and failed to break through. This pattern often precedes a price decline as it indicates potential weakening of buying interest and an increase in selling pressure. Economic Forecast: I predict an economic collapse starting in 2025, indicating that this may be the last bull run before a significant downturn. This scenario is seen as the last major correction to shake out overleveraged bulls, setting the stage for a new all-time high by early 2025. These factors suggest that Solana's price at $190 is unsustainable in the short term and could be due for a correction, which is why I am shorting Solana right now. CYANEShortby cy4ne131317
Solana Soars: Breakout and Futures Fuel RallySolana (SOL) has ignited a bullish flame, surging past a critical resistance level as investor appetite for risk intensifies. On Monday, the cryptocurrency's impressive performance comes amidst a broader market uptick, driven by anticipation for the Federal Reserve's interest rate decision and the release of key earnings reports. The digital asset's ascent was marked by a decisive break above a key resistance point, a technical indicator often seen as bullish. This breakthrough suggests a potential shift in market sentiment, with investors becoming increasingly optimistic about Solana's prospects. Adding fuel to the fire, Solana's futures open interest has been steadily climbing, nearing an all-time high. This metric, which represents the total number of outstanding futures contracts, is often interpreted as a measure of market interest and activity. The surge in open interest indicates growing investor engagement and potentially points to further price appreciation. The broader cryptocurrency market has also experienced a resurgence, with a prevailing risk-on sentiment taking hold. As investors weigh the implications of potential monetary policy adjustments and corporate earnings, many opt to allocate capital to higher-risk assets like Solana. While the recent rally is undoubtedly encouraging for Solana holders, it's essential to approach the market with caution. Cryptocurrencies are inherently volatile, and price fluctuations can be rapid and unpredictable. Factors such as regulatory developments, macroeconomic conditions, and project-specific news can all impact asset prices. Technical analysts will be closely monitoring Solana's price action to identify potential support and resistance levels. If the cryptocurrency manages to consolidate its gains above the recently breached resistance, it could open the door for further upward momentum. However, a failure to hold onto these gains could lead to a retest of previous support levels. As the cryptocurrency market continues to evolve, Solana's performance will be closely watched by investors and traders alike. The recent breakout and surge in future open interest has undoubtedly generated excitement, but it remains to be seen whether this momentum can be sustained. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research or consulting with a financial advisor is strongly recommended before making investment decisions. Longby bryandowningqln1
Long trade Sunday, 28th July 2024 14:30 PM NY to Tokyo Session Entry: 185.47 Profit Level: 197.97 (6.74%) Stop Level: 182.10 (1.82%) Risk/Reward Ratio: 3.71Longby davidjulien369Updated 1
Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected. However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support. The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high. In my opinion, 300 is a reasonable target for Solana. Longby Mihai_IacobUpdated 24
Long trade Trade Details for Buyside Trade Date: Saturday, 27th July 2024 Session: 3:00 PM London (LND) Session Time Frame: 30 Minutes (30min TF) Entry Point: 184.86 Profit Level: 202.43 Stop Level: 183.78 Risk-Reward Ratio (RR): 16.27Longby davidjulien369Updated 3
SOLUSDT : BULLISH W-Bottom PatternThe daily timeframe for Solana has revealed a key pattern - the W Bottom pattern. If this pattern plays out, a healthy correction of around 16% is likely before another impulse wave(s) up. It's important to note that according to this pattern, for the immediate/short term we will likely go lower to retest the key support zone, which is the W Neckline. But for the near/long term, this is a bullish pattern. The one condition for this pattern, is that the daily candle cannot CLOSE underneath the support zone / neckline of the W . Don't miss yesterday's update on why ALTSEASON 2.0 is upon us: ____________________________ COINBASE:SOLUSD Longby CryptoCheck-Updated 1132
Dump It...Count looks to be correct - expecting this to break our 2-4 trend line and plummet gl.Shortby Swoop6225
Short trade Trade Details for Sellside Trade Date: 25th July 2024 Time Frame: 1 Hour (1Hr TF) Entry Point: 182.51 Profit Level: 161.87 (11.31% decrease) Stop Level: 183.79 (0.70% increase) Risk-Reward Ratio (RR): 16.12Shortby davidjulien369Updated 1
Short trade Sell-Side Trade Details: Date: 25th July 2024 Time Frame: 1 hour (1Hr TF) Entry: 177.25 Profit Level: 161.96 (8.71%) Stop Level: 179.00 (0.90%) Risk-Reward Ratio (RR): 9.72Shortby davidjulien369Updated 3
SOL to 300+ Kingmaker coinafter a long "wait", with BTC halving and some consolidation, i think its not long until crypto as a whole continues, and actually picks up the pace upwards Looking at sol here, its not a lot of resistance before blue skies I havent drawn the ath, but that is around 270. Im looking for this to "melt" upwards. Not sure exactly when, but it will be a blast when or if it happens. Of course nobody knows. But tracking crypto now for 8 years, im getting more confident. I dont think 300 the top, especially thinking of the previous 270.. just +10% on that is not enough, but in the relative "short term" i think we shall see 300-350 As for how high i believe it will top... oh that is high -- BTC is now around 67500, and this area is huge.. BTC could be done with a smaller 12345 and ab, so we might see a little pullback to c lower, that will again pull SOL lower as well. In the bigger picture, this does not change anything or matter. But it could add like a month sideways, which will be okLongby NaturalPatternsUpdated 6
SOL/USD Short-term Bullish ReversalAlright, let's break down this SOL trading idea. So, we're looking at SOL, and it seems like it's lagging behind BTC by a few hours. BTC already had its pump off the double bottom, but SOL is just starting to form its double bottom pattern. This is a pretty bullish sign, especially in the short term. Take a look at the chart. We've got a clear double bottom forming around the $165 mark, which is a solid support level. The price is bouncing off this support, setting us up for a nice retest of the R1 resistance level around $182.50. Notice how the price action has been respecting the moving averages (those colored lines). The price dipped below but quickly snapped back above, showing strong buying interest. This kind of price action often leads to a breakout, especially when combined with a bullish pattern like the double bottom. The lower wicks on the recent candles show that there's been buying pressure at lower levels, pushing the price back up. This is a good sign that the bulls are stepping in. So, in short, SOL is looking to play catch-up with BTC. We're forming a double bottom, the price is respecting key support levels, and we have a clear target at R1. If we get a break and close above the R1 level, we could see a continuation towards higher resistance levels. Keep an eye on the volume as well. Increasing volume on the upward move will confirm the breakout and give us more confidence in the bullish scenario. That's the play: watch for the double bottom completion and a move towards R1. If BTC continues to hold strong, SOL should follow suit and give us a nice short-term bullish move. This is just my take based on the current charts and market conditions. Always do your own research and consider multiple factors before making any trading decisions. Always stay neutral, let the trend be your friend, and trade on.Longby KennyTheSensei5
Sol to Forming w.4 end of AugustLooking for Long Entry of Solana around 105+ $ level Expecting Harmonic Bullish Gartley Pattern Complex Correction of WXYXZ to form around 24 Aug-31 Aug 2024by bewsspace1
SOLANA to new all time highs [$260]buying mid-range retest / bullish shift in daily market structure targeting new highs been consolidating in this range for 4 months expect breakout in one direction soon Longby blknoiz77113
SOL breakout towards $250+SOL has broken out of the pattern and also back tested the break and looks to clearly breakout and go higher. BTC is also primed to move. This is not financial advice, just tracking for my own personal portfolio, thanks.Longby SnyyperT4
Solana Steals the Show: Outperforming Bitcoin and EthereumWhile the cryptocurrency market has traditionally been dominated by Bitcoin and Ethereum, a new contender is emerging as a potential market leader: Solana. This high-performance blockchain platform has been making significant strides, outperforming both BTC and ETH in recent times. The question on everyone's lips is: Is this a sign of things to come for Solana in the remainder of this bull market? Solana's recent surge can be attributed to several factors. Its robust network, capable of handling a high volume of transactions at lightning speed, has attracted a growing developer community. This ecosystem is rapidly expanding, with new projects and applications being built on the Solana blockchain. This increased activity not only enhances the platform's utility but also boosts investor confidence. scalability and low transaction fees has positioned it as a strong competitor to Ethereum, which has faced scalability challenges in the past. As decentralized finance (DeFi) continues to gain traction, Solana's ability to handle high transaction volumes efficiently is a significant advantage. However, it's essential to approach Solana's performance with a degree of caution. While the recent surge is undoubtedly impressive, the cryptocurrency market is notoriously volatile. Past performance is not indicative of future results. Factors such as regulatory changes, market sentiment, and competing blockchain platforms could impact Solana's trajectory. Additionally, it's worth noting that Bitcoin and Ethereum have their own unique strengths and advantages. Bitcoin remains the dominant digital currency with a strong brand recognition and a large, established user base. Ethereum, on the other hand, is the leading platform for smart contracts and decentralized applications. While Solana's recent outperformance is undoubtedly exciting, it's too early to definitively declare it the next big winner in the cryptocurrency market. The crypto landscape is highly competitive, and new challenges and opportunities are constantly emerging. Investors should conduct thorough research and consider diversifying their portfolios across multiple cryptocurrencies. It's essential to have a long-term perspective and be prepared for market fluctuations. As the bull market progresses, it will be fascinating to observe how Solana continues to evolve and compete with its more established rivals. If it can maintain its momentum and address any potential challenges, it could solidify its position as a major player in the cryptocurrency ecosystem. However, only time will tell if Solana's recent success is a sustainable trend or a temporary blip in the market. Longby bryandowningqln1
SOLUSD-BULL FLAG2YR:Tested and Rejected 2 Year Previous High 6M: Wick fill on 6 Months after higher timeframe test Reject Note that this activities always leave a trend behind to anticipate the next Move, although not accurate it is probabilistic and with God risk Management few attempt to the Anticipated Movement will lead in high chances of Profit than loss: 3Months: Created a Pin Bar with 3 Bar Inside Bar , this is great opportunity to trade Support and Resistance Set Up, normally from Linda Raschke Lesson, a Range/pin after 3 Bull run normally leads to break and trend, hence we are expecting a break and altleast 3-5 trend capture on Daily and weekly. We don't hold for Months, 1 Week: Formed a 3 push or Head and shoulder 1Day: 1-2 RTM as on Bitcoin and expecting a trend bullish today and trail stop expecting for test and break of previous high follow throughLongby Jeremiah_Capital1
SOL Rising Wedge pattern can go upto 155SOL looking Bullish making the rising wedge pattern on Top and now its making LH and LL to determine it faith that is 155. I see this to get corrected till 150 in short runShortby limitissky771