A trend following system uses a moving average as the main tool to generate trading signals for a system trader; the moving average is like the holy grail of technical analysis, together with the RSI. The moving average that is active on this Solana chart is ema100; blue line on the chart. Notice how Solana (SOLUSD) becomes bullish September 2023 as soon as it...
These are just price and mcap projections and not to be taken as financial advice. Imho there are basically 3 cryptocurrencies that matter in terms of organic user and developer adoption. That's Bitcoin, Ethereum and Solana, other chains don't come close. Currently Solana is the fastest blockchain, and processing more transactions than Ethereum and it's L2s...
Sol downtrend still has bearish momentum from rising wedge breakout 160 lower high confirmed, minor lower high confirmed at 150, Next significant move will either be a break of 156 or testing the low range of 138-132
Price is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 138.77 Why we like it: There is an overlap support level. Stop loss: 128.26 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 153.98 Why we like it: There is...
Hello to all dear traders. I am happy to be here and analyze cryptocurrencies for you. Based on my analysis, Solana looks like it needs further correction after the new price ceiling is fixed. The currency will move higher to reach the approximate price range of $200, due to the need to attract liquidity. Like Bitcoin, this currency will probably experience...
Momentum still looking bullish. We are approaching the resistance area of $162 which is a confluence resistance area with the 50 day moving average. RSI trending upwards. Stochastic RSI bullish crossover Bollinger bands squeezing indicating a big imminent move and most likely upwards We have mapped out two predicted upside targets, in yellow and purple bars.
Triangle Tension: SOL is currently compressing within a triangle pattern, indicating a critical juncture that could lead to significant price movements. Support Stress: The ongoing retracement is putting pressure on the long-standing support trendline, heightening the stakes for future price direction. Resistance Hurdles: Solana faces challenges at the overhead...
SOL touched the forming trendline as predicted and it will go back to touch again the recently broken resistance and make it a support. And then it will go even higher.
$SOLANA is getting ready for another bullish leg, It's showing a reversal pattern and I'm positive in the next few weeks we will see an incredibly bullish move
We start the analysis of the potential futures with the white curve. This curve will eventually be bypassed and my first assessment is that it could be broken before the price MIGHT reach the triangle. After the bypass, significant support needs to be encountered in order for a bullish scenario to be validated or at least taken into consideration. For potential...
As momentum is building I expect a breakout from this and I've opened a long position. If the price breakouts down the trade is invalidated. Thank you and DYOR. This is not a financial advice.
SOL looks good to run highs in coming weeks, sitting nicely atop midrange, and above vPOC of all price action that has transpired above midrange. Also, has mid BB (weekly) confluence as support from this juncture. Essentially more likely to begin filling inefficiency above than lose support below.
MAY 10 ’24 - SOL - FORECAST This is a prediction of the next 24 hours I use a combination of indicators from ChartPrime and luxAlgo. The Green is the daily channel extrapolation continuation ranging from the middle of the previous day’s extrapolation The Orange is the projected extrapolation forecast based on the current day Happy Trading! -MV
SOL is currently exhibiting signs of bearish continuation after failing to break above key resistance. We see a possible double bottom forming around the current price level, indicating a potential test of support at $115. Price action has been consolidating after a recent decline, potentially forming a double bottom pattern. Fibonacci retracement levels (not...
Due to its strong fundamentals and recent bullish momentum. With ongoing network upgrades, increasing adoption of its blockchain technology, and a robust ecosystem of decentralized applications (dApps), SOL is well-positioned for significant growth. Target entry: $10X.XX, with a short-term target price of $170.XX, reflecting a potential gain of 60%.
Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction...
Its in consolidation phase the ranges of consolidation is 120-160 and its taking support at fib 0.6 level the 160 level will break within a week or on 19th may as per my data Can go long after the breakout of 160 levels for targets of 240 Happy trading
SOL is breaking out of base after 16 April. Looks like it will continue it's uptrend.