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.P trade ideas
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).
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[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.
[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.
Weekly SOLANA Chart indicating BULLRUN soon!
Fellow Solana Investors, Please comment your thoughts on my analysis
I've been watching the Solana price and I'm noticing that on the Weekly chart, SOL is showing upcoming bullish confluence between the RSI/RSI-MA14 and the MACD crossing the Signal Line (above the histogram - which is bullish). Also, the price actions of Solana seems to follow previous patterns of past bullish and bearish runs of the market over the last year. The current price action and indicators appear to show a possible break of the top resistance trendline. Which, to me would indicates an upcoming bullrun, expesially if it breaks that top trendline which could result in a new leg up to a new ATH (All Time High) for Solana.
I don't follow Bitcoin as much, but bitcoin is about to breaks it's own top trendline, since solana follows footsteps with BTC price action pretty well.
SOLUSD: An alternative countI am looking at this alternative count since it answers two questions. First, the very first day price action back in April 2020 and the following structure looks to be a 3 wave structure that throws off the entire sequence until the top in Nov 2021. So, if we go with that as a 3 wave structure, it starts to make sense. The second question is the matter of supply. Sol is inflationary and we have seen how it can be manipulated form FTX case and LUNA case. The chain is highly hack prone and very centralized. So, nothing is stopping it from creating unlimited supply for any reason, crushing the price. Not saying that will be the case, but it is still a non-zero probability. Keeping that in mind, the short to midterm might be the biggest pump incoming for the price. While other assets might be struggling to make new highs or gearing up for wave 2, Sol might go the opposite way to the moon. If that happens, then this alternate count probability will become my primary count. The targets will still be somewhere in Jupiter....before crushing back down to earth.
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
Solana roadmapWe are on the brink of the latest run up that whales are engineering to distribute, and pull in as much liquidity to exit for 2025 bear market.
Don't let the headlines fool you, there is no real utility to these shitcoins except printing money to traders and whales.
Of course, I could be wrong, a dapp could show up that gets people hooked, but i bet any web2 architecture can do anything better and faster than web3. In the meantime, just ride the waves.
Solana: Close Call!Solana rose further last week, approaching the important resistance line at $163.44. Consequently, we have raised the probability of our alternative scenario to a whopping 43%. This scenario still locates the price in an extended blue wave (i). However, we primarily locate the coin in the same-colored wave (ii), which should initially approach our Zone (between $85.15 and $30.79) before being replaced by an impulsive rise to above the $210.03 mark.
SOL/USDT 1D Long-TermHello everyone, let's look at the 1D SOL to USDT chart, in this situation we can see how the price has broken out of the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $161
T2 = $172
T3 = $191
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $144
SL2 = $132
SL3 = $112
SL4 = $98
$SOL $SOLUSDT Daily Bias UpdateI would have expected a stronger selling pressure from the supply zone that the price is currently in, but the price seems likely to target higher levels to grab more liquidity and mitigate extreme levels before going down.
Buys look more probable for now in lower time frames. I will look for sells as ( if ) I see strong liquidation and bearish momentum after price mitigating upper levels.
