SOLUSDT.P trade ideas
Solana chart looks bearish in HTF#sol #solana price has been in distribution and bearish patterns such as S&H formed. Continuation of correction is necessary in both LTF and HTF. A new ath is the invalidation. Not financial advice.
Solana Weekly: Crash ConfirmedWhile Bitcoin is waiting to give us the signal, the final signal, Solana is in no mood of doing the same. Solana doesn't care about creating doubt or uncertainty, SOLUSDT is ready to crash and that is what the chart is saying without any mix up.
A perfect descending trendline with three reactions, lower highs.
The current weekly candle went higher than last week and is now trading below the open and near the sessions low. This week is trading below last weeks open and so far is a ultra-strong-bearish-candle.
If Solana closes like this tomorrow, at 163$ or lower, it can lead to a crash stronger than 29-July, this is what the chart says.
While the Bitcoin chart can have some doubt, Solana, Ethereum, Toncoin, Binance Coin and the other giants are not the same. They are all pointing down with force. Translating the chart, it is saying something, "Alert, nuclear bomb!" In the sense that a major crash is upon us. But this is Solana of course. Every chart is different and every pair is different but they all bottomed in September/October 2023 and they all grew until March 2024. If one goes, they all go.
If Bitcoin is not clear, you can corroborate what is happening by looking at other charts.
Everything is pointing down.
Will it change?
Will everything grow?
It is possible... When everything was pointing up, the market grew and it was nice and sweet.
When everything is pointing down, we can just doubt and hope instead of adapting to change. Sorry, I should say, prepare for the crash.
Thank you for reading.
Namaste.
SOLANA SOLUSDT.P SHORTSolana shows a bearish momentum. I'm shorting at this level and aiming to take profit at the weekly low
SOL Cup full target in HTF is at least $400Solana (SOL) looks primed for a significant move, potentially targeting $400. With the RSI breaking out of a falling wedge, momentum is building—signaling a strong upward trajectory in the weeks to come. Keep an eye out!
If you are looking Long position in #SOL/USDTIf you are looking Long position in #SOL/USDT, Wait for PWL to be swept, and there is a Weekly FVG at the bottom too.
I'm expecting a bounce after tapping the Weekly FVG. CRYPTOCAP:SOL local resistance level is PMH $183.35.
$SOL must take 190$BINANCE:SOLUSDT.P
After a strong correction, Solana is poised to rise with the rest of the market. Earlier I wrote that a correction was needed and expected a Long earlier, but now is the time to get in the trade!
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Will we see a 5th wave for SOL and hit resistance at $210?The SOL/USDT chart suggests a possible 5th wave completion at the $210 level, aligning with the ascending channel’s upper boundary and the 1.618 Fibonacci extension from previous lows. This target is feasible if bullish momentum continues, breaking through intermediate resistance levels around $183 (0.382) and $202 (0.786). The 5th wave is often an impulse wave in Elliott Wave Theory, representing the final push in a trend. For this target to materialize, strong buying pressure and volume will be essential as it approaches resistance zones.
Solana Short Setup even in a Bull-run / Risky but we are tradersBINANCE:SOLUSDT
COINBASE:SOLUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
172.35
169.89
167.72
164.76
🔴SL:
182.02
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Solana May Move Down After Pattern CompletionSolana May Move Down After Pattern Completion
Solana has completed a large bearish harmonic pattern near $183.30.
The pattern looks solid, and given that it was created in a strong historical zone, the odds are that we may see Solana moving down as shown on the chart.
This time, we have an aggressive bearish scenario, because the market is also speculating about the US elections and USD strength.
However, this is the nature of this pattern—it can push the price down aggressively when we least expect it.
I am watching for support zones at $165.00 and $154.00.
Let's see how the market unfolds.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
SOLUSDTJust got a message from a large crypto hedge fund, its time to bid solana
Monster rising wedge
Main targets are local high and the 259 mark
Crypto likes to do its main pump during the US election whilst the majority of the 'distribution liquidity aka wealthy America' isn't watching
So basically next week
Which lines up with the monthly candle bullish chart
Current harmonic level dip
And a mid range bullish retest of a high timeframe bullish structure
Plenty of confluence
Pump it this month...
SOL still in structure looking for a breakoutCRYPTOCAP:SOL is back in the structure for now. Momentum on lower timeframes is still pushing down and may get oversold. However, a structure on this top could show us a cup and handle that could be the precursor of a breakout. Keep in mind SOL has been performing well and fresh entries are risky however ecosystem projects are ripe for the picking.
Solana (SOL): 3 CME Gaps + Rejection From ResistanceSolana has made a really nice movement to the upper zone here, where price got totally rejected. After that rejection the price is heading now to fill the closest CME gap and most likely will fall even harder from here so eyes wide open!
More in-depth info is in the video—enjoy!
Swallow Team
Result of the operation live yesterday 10:30pmYesterday we left possible short zones while we operated and analyzed live, the market went to look for our zones with trades 4 to 1 more than positive
Cripto Solutions on YouTube and CoinMarketCap
SOL I closed my position yesterday at 176.33 ( WAVE 4 ) , now in buy at 169.4 , tp 173.3 with a SL 168
SOLUSDT in range zone channel wait for breakout firstAs we said before here price is receiving range for a while before more pump and for sure long-term here we expect more gain.
190$ resistance zone should break as confirmation of next bull run.
and before any breakout to the upside we will have range or even short-term fall for a while here.
DISCLAIMER: ((trade based on your own decision))
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Will Solana Break or Bounce?The price of SOL (Solana) has dropped from around $183.38 to around $173 today, showing a downward trend in the H1 timeframe.
However, it's important to note that SOL has not broken below the critical support zone of $173.51 to $172.66. Instead, it's been moving sideways on this zone.
We'll be keeping an eye on this situation. If SOL breaks below the $173.51-$172.66 support zone, that could signal a further decline in price. On the other hand, if the price bounces back from this zone, it could indicate a potential continuation of the upward trend.
SOL AI - TodayInvestment Thesis
As a trader specializing in intraday scalping strategies for Solana (SOL), the current market conditions suggest a cautious yet optimistic approach. The price of SOLUSDT is currently at $174.9300, with significant trading volume indicating strong interest. The bullish sentiment among traders, particularly in the short-term intervals, supports the idea of holding long positions. However, it is essential to monitor key resistance levels and potential market corrections closely.
Data Analysis
Market Participation Data
Open Interest: Recently increasing, suggesting that traders are anticipating further price movements.
Weighted Funding Rate: Remains positive, indicating that long positions are favored.
Liquidation Levels: Being monitored closely, as significant liquidations could trigger volatility.
Analysis: The rising open interest and positive funding rate support the bullish sentiment in the market. However, vigilant monitoring of liquidation levels is essential to mitigate risks associated with sudden price swings.
Trading Volume Data
Trading Volume: 719,516,150 over the last 24 hours, indicating strong market activity.
Market Sentiment: Leaning towards bullish, with experts predicting short-term upward movements.
Expert Consultations:
TradingView Experts: Predict potential price targets around $180.
CoinMarketCap Analysts: Emphasize the importance of monitoring key support and resistance levels.
Analysis: The consensus among experts emphasizes monitoring key resistance and support levels and considering long positions as SOL approaches these levels.
Circulating Supply and Market Cap
Circulating Supply: 350 million SOL.
Market Capitalization: Approximately $61 billion.
24-Hour Trading Volume: $1 million, indicating robust trading activity.
Analysis: The substantial trading volume and stable circulating supply support the bullish outlook for SOL, as increased trading often correlates with price movements.
Sentiment Analysis
Sentiment Score: 65%, indicating moderately positive sentiment towards Solana.
Top Crypto Sentiments: "Bullish" and "Buy".
Implications: While the sentiment is generally positive, it is moderate, suggesting room for growth but also highlighting the need for caution due to potential shifts in trader sentiment.
Technical Analysis
Short-Term Indicators
RSI: 44-46, suggesting a neutral to slightly bearish sentiment.
Stochastic Indicators: Hint at potential upward movement, but caution is advised as the price approaches resistance levels.
Medium-Term Indicators
RSI: 48, indicating a neutral stance.
CCI: Negative, suggesting potential weakness.
Price Position: Near the VWAP, indicating possible consolidation.
Long-Term Indicators
RSI: 61, indicating a bullish trend but approaching overbought territory.
MACD: Shows positive divergence, suggesting potential upward movement.
Price Position: Below the EMA20, indicating a resistance level.
Support and Resistance Levels
Support: $173.1800 and $171.4200.
Resistance: $176.6300.
Analysis: The RSI indicates room for upward movement without being overbought. The bullish MACD crossover aligns with positive momentum, but price below EMA20 suggests resistance. Monitoring support and resistance levels is crucial for making informed trading decisions.
Top BTC Pairs Performance
Strong Performance: BTC/ETH, BTC/LTC, BTC/XRP
Weak Performance: BTC/DOGE, BTC/SHIB, BTC/ADA
Analysis: Strong performance in major pairs like BTC/ETH, BTC/LTC, and BTC/XRP indicates robust liquidity and market interest. Conversely, weaker performance in smaller pairs such as BTC/DOGE, BTC/SHIB, and BTC/ADA suggests limited momentum in those areas.
Summary
The current market conditions for Solana (SOL) indicate a bullish trend supported by increasing trading volume, positive sentiment, and strong market interest. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $176.6300 and support levels at $173.1800 and $171.4200. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised due to overbought conditions indicated by the RSI and strong resistance levels, which could lead to a pullback or consolidation.
Trade Recommendation
Outcome: HOLD_BUY
Confidence Level: 85%
Current Price: $174.9300
Stop Loss: $172
Take Profit: $180
Exit Point: $177
Entry Signal Criteria
RSI: Above 50 indicates potential upward movement.
MACD: Bullish crossover.
Price Position: Above MA20 suggests continuation of the trend.
Current Indicators:
RSI: 49.7300
MACD: Bullish crossover
MA20: $71,500
Action Plan
Monitor the Price Closely:
If Price Approaches Resistance Levels:
Action: Hold long positions and monitor for any signs of reversal.
Adjust Stop Loss: Tighten the STOP_LOSS to $172 as the price approaches resistance levels to minimize potential losses.
Take Profit Strategy:
As Price Approaches $180:
Action: Consider taking profits.
Adjust Exit Point: Move the EXIT_POINT to $177 to secure profits.
Risk Management:
Set Stop Loss at $172 to limit potential losses.
Take Profit at $180 to capitalize on expected price movement.
Exit Point at $177 as an intermediate target.
Be Prepared to Act:
If RSI Falls Below 50:
Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly.
Monitor Market Sentiment:
Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
Assumptions/Limitations
This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Solana: Going Up vs Going Up (6X Short Incl.)There are two ways to see prices going up:
1) Going up within an uptrend, this produces and advance.
2) Going up within a downtrend, this ends in a new drop.
1a) The first going up, bullish, always tends to end in a higher high compared to a previous price peak on the chart.
2a) The second going up, bearish, tends to end in a lower high compared to previous price peaks on the chart. Sometimes the second going up can produce a higher high in the form of a double-top before resuming to produce a new drop.
➖ Between October 2023 and March 2024, we have the first going up. A bullish impulse and this produces an advance. Higher highs with each move.
➖ From the March peak SOLUSDT produces a drop that ends in April 2024. There is a going up here of the second type, the move ends in a lower high and produces a new drop.
➖ There is another low set in August and the current going up is of the second type, within a lower high with really low volume. After 87 days of bullish action we have no new highs. For Solana to produce a new high here it needs to grow by an additional 10% or up to 20% if we count the bigger chart structure.
I am bearish on Solana because of this dynamic and a low volume rising wedge. Bitcoin just hit a new high but not one of these pairs are moving ahead.
➢ When Bitcoin peaked in March, everything was booming; this is a bullish impulse, a strong advanced.
➢ When Bitcoin is peaking today, everything is dead; this is bull-trap before a crash event.
This is the last call, here you have the full trade-numbers for SOLUSDT with 6X.
✴️ Solana PREMIUM Trade-Numbers Pt. 2, 6X SHORT—378% Potential
The trade-signal hit one target and moved back to entry price. The numbers are good now.
Thank you for reading.
Your support is appreciated.
Namaste.
#Solana #SOL price is holding up better than #BTCCRYPTOCAP:SOL is holding up better than CRYPTOCAP:BTC
At least this conclusion can be drawn from the behavior of the assets in Q2 2024.
While #BTCUSDT price is being adjusted, #Solana buyers have managed to repel sellers' attacks 4 times over the past 3 months.
So:
1️⃣ as long as the #SOLUSDT price is trading above $120, this is a "long picture", perhaps even with sky-high targets of $650+
2️⃣ consolidation of the #SOLUSD price below the "red zone" can stimulate a good shedding to $90, and maybe even to $70
(maybe #FTX liquidators will find a large CRYPTOCAP:SOL "stash" and decide to sell it... and the crypto media will blow this event out of proportion, or something like that...)
So, what are your expectations for the #SOLUSDC price by the end of this year?
SOLUSDT.1DSOL/USDT daily chart, I notice several key technical indicators and price levels that are crucial for understanding the potential future movements of SOL in relation to USDT.
Key Observations:
Resistance Levels: 'R1' at $196.95 is currently the significant resistance to watch. This level previously acted as a strong resistance point, indicating potential selling pressure.
Support Levels: 'S1' at $159.40 is the immediate support level. This is followed by 'S2' at $133.25 and 'S3' at $109.67, which could play critical roles if the price were to retract further.
Current Price Movement: The price trajectory indicates an upward trend approaching 'R1', suggesting a bullish sentiment in the market.
Technical Indicators:
MACD: The MACD line is above the signal line, indicating bullish momentum. The histogram, however, is showing a decrease in momentum as it approaches zero, suggesting a possible slowdown or reversal of the trend.
Price Trend: The ascending movement towards 'R1' along with the potential MACD cooling suggests that while the upward momentum is strong, it might face resistance soon.
Strategic Approach: Given the approach towards 'R1' under bullish momentum, my strategy would involve looking for potential buy opportunities on any dips towards 'S1', leveraging the current momentum. A confirmed breakout above 'R1' would further solidify the bullish case, making a target of $200 plausible, near the previous high.
Should there be a rejection at 'R1', I would consider taking profits and reassessing the position, keeping an eye on 'S1' for potential re-entry points or further declines to 'S2' if the bearish reversal is strong.
Conclusion: The SOL/USDT pair is exhibiting strong bullish signs as it approaches a key resistance level. Traders should monitor these levels closely, especially 'R1' for potential breakout or reversal signals. The MACD and current price levels suggest that while the short-term momentum is bullish, caution around these resistance levels is warranted. As always, maintaining a disciplined approach with appropriate risk management strategies is crucial for navigating these market conditions effectively.
