SOL/USD Chart AnalysisHello to all respected traders. This is my first ever chart analysis on trading view. I'm not sure if Solana will go according to analysis. Kindly write your valuable comments to my analysis. Thank Youby yasirbhatti55557
Solana’s 2024 Cycle vs. 2020: Hidden Divergence Fractal In this chart, we’re comparing Solana’s 2024 cycle to its 2020 cycle, with a focus on hidden bullish divergences in the RSI and similar bar structures. Both cycles are displaying key similarities in terms of duration, volume, and momentum shifts, which suggest that SOL might be gearing up for another strong rally. 2024 Cycle (Left): Hidden Bullish Divergence: The current cycle shows a clear hidden bullish divergence in the RSI, which is often a sign of continuation in the prevailing trend, in this case, a long-term uptrend. This divergence is forming over a 273-bar period (~273 days), very similar to what we saw in 2020. Volume Analysis: The volume during this consolidation phase is 81.725M, suggesting accumulation is happening despite the price consolidating in a range. Compare this to the 2020 cycle’s lower volume during the same period, and it becomes clear that there’s substantial interest in Solana during this phase. 46-bar Correction: The recent 46-bar correction (~46 days) aligns almost perfectly with the 2020 fractal, indicating a possible repeat of the pattern. 2020 Cycle (Right): Fractal Comparison: The 2020 cycle, also showing a hidden bullish divergence over a 273-day period, led to a significant rally. After a similar 46-bar correction, SOL saw a major move upward, ultimately breaking through resistance levels. The hidden divergence on the RSI was the key signal of the bullish continuation that followed. Volume: The volume during this phase in 2020 was notably lower than the 2024 cycle, reinforcing the idea that more liquidity and interest is now present, which could amplify the move when the breakout occurs. Key Takeaways: Hidden Bullish Divergence: Both cycles have strong hidden bullish divergences, which historically signal continuation. In this case, that would point to a resumption of the uptrend. Fractal Consistency: The near-identical bar counts and price structures suggest that the 2024 cycle could follow a similar path to 2020. A breakout from this consolidation could take SOL to new highs if the fractal pattern continues to play out. Volume: The higher volume in 2024 compared to 2020 supports a stronger potential breakout. Traders should keep an eye on the RSI, volume, and any price action around key support and resistance zones, as Solana may be setting up for a move similar to its explosive 2020 rally. Longby Blockbullder1115
5th wave for Solana.The correction for a 4th wave in Solana seems to be over. We are about to start the 5th wave to finish the impulse. As the chart is a weekly timeframe. It can take up to 3-4 months to finish the last movement. In order to get a less risky entry wait until resistance between 140-149 has been overcome. Nevertheless, the stop will increase significantly, as it currently is at a 20%. A well capital manage for this entry should be considered.Longby SkyRunnerMx113
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. Longby Kyriakos_CFTe1111
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. Longby Mihai_Iacob3317
Bullish consolidation into rate cuts for SOLStrong high volume accumulation supported by a positive MACD signal cross below the zero line looks very promising for the next 6 months Longby SuperCycleTAUpdated 118
Long Sol $140+ incoming I longed $128 and think we get a temporary relief rally here. Good luckLongby dogdaddevanUpdated 8810
SOLUSD View!!Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion. Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204.Longby FXBANkthe80557
The next level UP for SOLSolana chain is a baby at 4 years old that has been through a lot in it's youth from outages for moving recklessly fast (like any teen), to rising to an early ATH of 260 and then crashing to 8 bux FTX low caused by bad boy friend SBF. Add to that the regulatory challenges which now with ETF proposals and so many other trad fi engagements seem to be behind the chain. Here we are in 2024 and SOL has shown RESILIENCE and MASSIVE strength! It did not just recover - it DOMINATED! In just 4 months, SOL shot up 800% from around $20 at Breakpoint last year to $220 in March of 2024. Since the yearly high, in this very strange and tepid year, SOL price has been in a descending triangular wedge and has built strong resistance floor around the 129 level. The chain has grown massively and is now without a doubt the uncontested leading Layer one. While SOL gets accused of being a MEME coin factory, there are things happening on SOLANA that go far beyond Crypto in real potential impact. Consider the early SOL years the foundation. Now the #3 Crypto chain, SOL is undervalued and due for a major breakout. FIREDANCER will be revolutionary. SAGA 2 is coming. Integration in a Global Machine is on it's way. I see SOL jumping to 300-500 range next. This is conservative. Consider the ETH market cap. SOLANA is outperforming ETH in many chain activities, but ETH still has a much higher MC. That will change. It is not a question of if - it is a question of WHEN. The thing Im doing right now is accumulating. Longby cryptoseedjohnny8
SOLANA has formed a Cup & Handle Pattern on the weekly/daily.SOLANA known for making some incredibly big moves over short periods of time. It is currently forming the handle of a large Cup & Handle formation, which could signal substantial price appreciation over the coming year or so. Good luck, and always use a stop loss.Longby MetaShackle7
SOLUSD bullish scenario short termA possible bullish flag is under development, pointing to a price level 75-80$ which was the previous point of interest (Supp&Ressi). Fibonacci extension 61.8 is coming aligned with the flag pattern target at 140-145$. Additionally, the most recent resistance is coming from April 2022. Let's see how will develop, a pullback at 75-80$ with a strong bounce back higher to 140-145$ range? Longby Kyriakos_CFTeUpdated 9
Solana Long Set Up $142 NextSol is currently trapped in a bear fkag. 4H Should close this lineLongby dogdaddevanUpdated 115
Bullish flag on weekly?SOL is currently experiencing a strong uptrend, with prices surging in '23 from the recent low. Overall, the chart's formation of a bullish flag suggests a strong bullish outlook. Longby anon_trade3
Solana Bear Flag Idea - Long and Short SetupWaiting to see how this plays out in the next 12-24 Hours On my previous post I have a long target @ $142/$143 still waiting to hit to this matches up with it I previously called $140 and people thought I was crazy lmao now lookLongby dogdaddevanUpdated 4
Solana analysisIt is about reading the price pattern and the result of the indicators. I will only share with you what the result of the analysis shows. This could be wrong. MDShortby MoralDiscipleUpdated 161619
SOL - 1W - Bullish pennantA pattern similar to 2021 is taking shape. A bullish pennant. In technical analysis, a pennant is a type of continuation pattern. It's formed when there is a large movement in a security, known as the flagpole. Then, the flagpole is followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.Longby Mike_Trading_2217
Solana Must See ASAP H&S BOTTOM ACTIVEThe head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. Typically you short after dump and it retraces back to the neckline so pay attention to what happens in the $140 range Clear head and shoulders on Solana with target in the 80s 1. We just touched this neckline of the H&S and it's currently active 2. You will find a wedge below that kicks off the decentShortby dogdaddevanUpdated 112
SOL USD CRYPTO: RETEST OF NECKLINE...PERFECT SETUP About 8 hours ago I put out an alert on Bitcoin breaking out in a Head's 'N' Shoulders Pattern. Well now it's SOL's turn and like something out of a trading manual its setup is perfect. I believe it is on the 15m chart & its just about ready to breakout. easy_explosive_trading * Trading is risky. This is for illustration purposes only. But here at easy_explosive_trading, we took this trade & entered a buy-order about 3 hours ago.Longby Easy_Explosive_TradingUpdated 2
The Great Wall of SOLSolana has held strong at around 129 since March of 2024 when it rose to 220. Right now, exactly 10 days before Breakpoint this is looking like a descending wedge pattern ripe for a massive pump beyond previous highs. I am extremely disappointed Crypto was not mentioned in IS Prez debate but perhaps it is for the better. Let the politicians keep chasing Crypto so this space can dictate more policy. Go Solana! Longby cryptoseedjohnny4
(SOL) solana "resilient"Solana appears to be holding a strong flat pattern throughout the duration of the trending cycle of moving averages with the holding pattern reaching a resolute moment where the unknown may prove to be postively received, or negative if the MACD lines fall beneath the 0 neutral measurement. Solana is not immune to losing in price; it is capable of gaining too though. by CryptocurrencyBlot441
[Crypto Currency] The forecasting of price movement of SOLUSD The forecasting of price movement of SOLUSD on Sept 9th, 2024Longby vnforecaster5
#crypto #solana #short#crypto #solana #short #1d #4h Classical analysis. Supply and demand analysis. On the daily and 4-hour time frames, the price formed an m-retracement pattern and then the price hit the neckline of the retracement pattern, which simultaneously reacted to the supply zone. Therefore, the pattern is complete and we enter the transaction. r/r=1/2 sl:139.49 tp:109.23Shortby mohamadaminsajjadi2
Solana: Downward Pressure!We expect the downward momentum to continue into our blue Target Zone (between $85.15 and $30.79) before the same-colored wave (ii) comes to an end. Investors could open long positions within this range, whereby stops could be placed around 1% below the lower edge. With the correction low in place, the coin should finally rally decisively and break through the resistance at $210.03. Should this level be breached earlier, our 33% likely alternative scenario will come into play. This option sees the price in an extended wave alt.(i) in blue. by MarketIntel5