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
SOLVVS_80FDCC.USD trade ideas
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.
$SOL Short-Squeeze Coming To A CloseSolana will be rejected at the .382 fib which is $155 and then make its way down to close liquidity at $110
Ultimately CRYPTOCAP:SOL needs to reclaim the bullish trendline it re-tested late July.
Solana's Resurgence: Can It Reach $170 After the Falling Wedge?Solana, the high-performance blockchain platform, has experienced a tumultuous journey in recent times. A sharp price decline, culminating in a dramatic crash, has left many investors questioning the future of this once-promising cryptocurrency. However, the emergence of a falling wedge pattern on the price chart has sparked renewed optimism. Can Solana truly recover and reach its $170 target?
Understanding the Falling Wedge
A falling wedge is a technical analysis pattern that suggests a potential reversal of a downtrend. It is characterized by a series of lower highs and higher lows, forming a wedge shape that converges downwards. Once the price breaks out of the wedge to the upside, it often indicates a bullish trend reversal.
If Solana successfully breaks out of the current falling wedge pattern, it could signal a significant price increase. However, it's essential to remember that technical analysis is just one tool in an investor's arsenal, and it's not foolproof.
Factors Influencing Solana's Recovery
Several factors will determine whether Solana can achieve its $170 target.
• Network Performance: Solana's ability to maintain high transaction speeds and low fees is crucial for attracting developers and users. Any issues with network stability or scalability could hinder its price recovery.
• Ecosystem Development: The growth of Solana's ecosystem, including the number of decentralized applications (dApps) and projects built on the platform, is essential for driving demand for SOL tokens.
• Regulatory Environment: The regulatory landscape for cryptocurrencies is evolving rapidly. Favorable regulations can boost investor confidence, while restrictive measures could dampen enthusiasm.
• Market Sentiment: Overall market conditions, including the performance of Bitcoin and other major cryptocurrencies, will also impact Solana's price.
Challenges Ahead
While the falling wedge pattern is encouraging, Solana faces significant challenges. The recent crash eroded investor confidence, and it will take time to rebuild trust. Additionally, the competitive landscape in the blockchain space is intense, with other platforms vying for market share.
Furthermore, the broader macroeconomic environment, including inflation and interest rate policies, can influence investor risk appetite and impact cryptocurrency prices.
Conclusion
The possibility of Solana reaching its $170 target after breaking out of a falling wedge is certainly intriguing. However, it's essential to approach this with caution and consider the various factors that could impact the cryptocurrency's price.
Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Diversification is also crucial to manage risk effectively.
Ultimately, the success of Solana will depend on its ability to deliver on its promises, address technical challenges, and adapt to the evolving cryptocurrency landscape.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries significant risks, and it's essential to conduct thorough research before making any investment decisions.
Generational Long on weekl $SOLFrom previous analysis SOL is looking to give you the best entry of your lifetime next coming days in august
With high risk to reward ratio. The pattern matches previous convictions and aligns with earlier crypto coin movements.
Solana Bull FlagHoping the big bull flag plays out for all the CRYPTOCAP:SOL holders! May take some time though!
(SOL) solanaHere is the first chance to truly see what Solana is made of-. This random SAR indicator idea I made creates a long line that extends itself indefinitely. Currently there is one purple dot atop the Solana candle price August 4th 2024 due to a bottomed out price that broke the long running underlining "bullish," sentiment line, if you want to call it that.
