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SOL

SOL - Reversal Trade#SOL/USDT #Analysis Description --------------------------------------------------------------- + The price has once again tested a crucial support level for the third time, a zone that has proven resilient in past corrections. This setup presents a potential trade opportunity as the price targets a strong resistance level aligned with the previous all-time high (ATH). + There is a favorable trading opportunity from the current support zone up to the resistance level. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 143.79 Stop Loss: 106.86 ------------------------------ Target 1: 160.52 Target 2: 172.89 Target 3: 194.87 Target 4: 233.20 ------------------------------ Timeframe: 3D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SOL/USDT NEW INCREASE VOLUMESOL/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin.
Long
by SatochiTrader
SOL maintaining an upward trendHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) Due to this change, the HA-High indicator on the 1M chart is showing signs of moving to the 147.74 point. Accordingly, we need to check if it can receive support and rise around 0.707 (135.56) ~ 0.786 (149.62). - (1W chart) We need to check if it can continue the upward trend along the upward trend line. If not, 1st: 0.5 (98.71) ~ 0.618 (119.71) 2nd: 0.236 (51.71) ~ 0.382 (77.70) You need to check the support near the 1st and 2nd above. - (1D chart) Unlike most other coins, it is one of the coins that is maintaining an upward trend. Accordingly, if SOL is supported in this large downtrend, it is expected to create a new large upward wave. - A new buy zone is possible when support is confirmed near 134.96-147.74. If it rises, the 168.41-179.89 zone will be the first sell zone. Therefore, it is highly likely that a full-scale uptrend will begin when the price rises above 179.89 and holds. The stop loss point is 112.24. Since the stop loss point is far away, investment weight adjustment is necessary. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
We are due a 2017 style ALT season.One for the memory banks! Now do we actually get what we are "owed" ?? :) We don't know and nothing is owed to us of couurse But Selling too soon could be quite disastrous... as many peopleI speak to say to me 5X - 10X I am out.. Which may be prudent If you are out. Stay out and don't FOMO back in again near the tops So it's best to scale out in my opinion last cycle was a quite difficult Alt season ... some bag holders actually did not get to experience any euphoria Hence why I am leaning to an exsplosive alt season BTC at $70k doesn't feel euphoric so what will it take?
CRYPTOCAP:TOTAL2Long
by BallaJi
2
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual. The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not. 71% 71% 62% 44% These are all the corrections Chainlink had during its last cycle to its all-time high. All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle. If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy. I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance. Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top! **Next date: 18th Nov 2024**
COINBASE:LINKUSDLong
by Sporia
12
Chainlink Business As Usual It might seem like a shock for most that Chainlink had this big move down, but if you have spent a lot of time studying Chainlink's last cycle, you would know that this is business as usual. The fact that Chainlink had this move has made me more bullish than ever. We are currently 64% down from March 2024. Crazy? I think not. 71% 71% 62% 44% These are all the corrections Chainlink had during its last cycle to its all-time high. All we are doing is a back test to this previous range. Chainlink was doing the same thing last cycle. If we overlay the last cycle over this starting from wave 5, we can see that we have had a crash during the same time of the cycle as we did in March 2020 (Covid). Crazy. I would not be surprised if Chainlink closed above $11 by the end of the week, just above the 1:1 Gann Fan, and started a V-shaped recovery, marking the bottom. There is a very high chance. Once again, my time fibs hit right on the money. The blue fib marked the bottom, and the yellow marked the top! **Next date: 18th Nov 2024**
COINBASE:LINKUSDLong
by Sporia
SOLUSDT.1DReviewing the SOL/USDT chart, my focus turns to several key technical aspects that shape the current analysis: Technical Analysis Resistance and Support Levels (R1, R2, S1, S2, S3): The price of SOL has retracted from its recent peak near the R2 level at $193.09 and is now approaching the significant support level at S1 ($116.96). Resistance levels R1 and R2 at $164.23 and $193.09, respectively, mark the critical zones where previous rallies have faced selling pressure, reinforcing these levels as key barriers for any bullish reversal. MACD Indicator: The Moving Average Convergence Divergence (MACD) shows a bearish momentum, as evidenced by the MACD line being below the signal line. The negative histogram further confirms the bearish sentiment, indicating that the selling pressure is not abating just yet. RSI: The Relative Strength Index (RSI) is nearing the oversold territory but hasn't reached it, suggesting that while there's bearish momentum, a potential reversal could occur if it dips into and rebounds from oversold conditions. Conclusion Given the current state of the SOL/USDT market, the approach is one of cautious observation. The nearing of the RSI to oversold levels coupled with the price's approach to support at S1 suggests a potential area where the market might stabilize or rebound. However, the bearish MACD indicates that any reversal could be short-lived unless there is a significant change in market dynamics. For investors or traders, watching how the price behaves near the S1 level is crucial. A breakdown below this support could lead to further declines towards S2 ($93.66) and S3, whereas stabilization or a rebound could offer opportunities for short-term bullish trades. It's essential to wait for confirmation in the form of bullish candlestick patterns or divergences in the MACD and RSI to validate a potential reversal before considering long positions. As it stands, my strategy revolves around preparation for both scenarios, with a keen eye on the key technical indicators and price levels highlighted.
by MarsSignals
SOLUSDT#Solana chart update: Solana is currently one of the most significantly dropped coins, having fallen almost 50% from its ATH. However, it has reached what seems to be its lowest point. We've arrived at the Fibonacci 0.5 support. I don't think it will go any lower from here. It might hover around these levels for a bit until the Iran-Israel issue calms down, and then it will likely be among the top gainers again. The time to renew its ATH will come. The expected scenario is illustrated on the chart.
by benjaminxbt
SOLANA 1D RANGE There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000. For altcoins, and in particular SOL, this means they bleed as well and more often than not, they bleed more than BTC. Since range highs we've seen multiple retests of the lows and no retests of the highs, currently price has lost the range midpoint after hitting diagonal resistance and could potentially be targeting range low once again. The difference this time is the 1D 200EMA which usually serves as a Bullrun launching pad will be above that range low, any acceptance below this moving average is catastrophic for SOL. SOL has recently overtaken ETH in daily DEX volume more than once in the recent past, which has signalled a shift in on-chain preferences for traders of lower-cap coins. This could help to keep SOL afloat compared to other L1'S and alts in general however if the environment truly is risk-off then it may not be enough. From a bulls standpoint you'd like to see SOL hold price in this bullish Orderblock and at the worst $138 which is where daily support & 1D 200EMA is situated. With rate cuts predicted to be coming in September, it feels like a survive the next 6 weeks and thrive in Q4. Until then it's capital preservation market conditions.
by ProR35
Black Swan Incoming (Part 2)The series continues as Bitcoin fails to invalidate my thesis. This is most likely the start of the crash rather than the end. The first diagonal support comes in at 45-48k. Check out Part 1 above first. The Topping Fractal Strikes Again The entire move is orchestrated time and time again. You can see from Part 1 that 7-10 year wallets shifted massive amounts of Bitcoin right when we get this same topping pattern appearing. Coincidence? I think not. This is the third time it's happened now. You can see from the chart above we failed to break retracement levels. Chainlink Fractal What you are currently seeing above is REAL, it is happening. I thought about this possibly happening when I was actively trading this fractal back in 2023. This is the Chainlink fractal from last cycle overlaid to this current cycle. I traded this fractal back in 2023 and when I overlaid and saw that the Covid crash lined up with my Fib time, I thought, is it possible we get a crash in August 2024? I was going over this possibility in 2023! Mind-blowing. If the fractal plays out, that means that the bottom is basically in for LINK and the bull market starts now, with a top in September 2025. Anyways, I will post a different TA on LINK. The Million Dollar Question Is the double bottom in or not? I have wrestled with this question for months, over a year maybe. While all other analysts and everyone else is convinced that the double bottom is in, I have never been 100% sold on it. What do I mean? Well, since the first Bitcoin cycle, we have formed a double bottom before the bull market starts. As you can see, we always form a double bottom. If we repeat history, that means that Bitcoin will retest the 20k area. Everyone is convinced that this is the double bottom, but I have never been sold on this theory, especially when we have a CME GAP at 21k! Mayer Multiple Bands We can see that the last band is at 26k. For now, the worst case would be that price point. USDT Dominance Chart I was watching this closely. We were forming an ascending channel for a while. Bullish for USDT dominance means bad for the market. What is interesting is that we hit the same level in March 2022. Very interesting. Hash Ribbon First Failure? Will the hash ribbon fail completely this time? Last time it fired off a buy signal, it dumped 17% before going on a massive multi-month rally. We are currently down 29% since its buy. Fear and Greed Conclusion "IF" we even get a bull market, it will most likely start in 2025. We need to get interest rates under 2.5% at least. We have never had a bull market with rates so high. First cycle: 0%, second: 0.5-2.5%, and third cycle: 0%.
INDEX:BTCUSD
by Sporia
1
Alikze »» FTM | Continue reforming on the descending channel🔍 Technical analysis: Continue reforming on the descending channel - In the analysis presented in the previous post , after leaving the density to the first blue strip area it made the first correction. - Currently, it is moving in a downtrend in a downtrend in a downtrend. - Depending on the type of behavior and structure of this return, it can extend to the middle of the channel or the Test of the Neckline area. - So we will expect to continue the correction after the middle of the channel to the floor of the canal, which can then continue with the channel breakdown to 0.26. - This correction is generally for the completion of the 2 -correction wave that can have a complex combination modification. - So we will continue to consider the upward trend after the short -term correction is completed. 💎 Alternative scenario: After supporting the blue and money -wide range, it can have a test to the supply area, which can continue up to the channel and fibo 1.272 if it fails. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:FTMUSDT
Short
by alikze
SOL Eyeing a Major Breakout - Potential for Explosive Growth#SOL/USDT #Analysis Description --------------------------------------------------------------- + SOL is trading around $141.77, with the 21 EMA ($155.22) and 55 EMA ($144.13) in close proximity, which could serve as support and resistance levels, respectively. The 100 EMA is further down at $123. If SOL breaks above this resistance zone, it could signal the start of a new uptrend. + The primary resistance zones are around $165 to $205, with a potential breakout target toward the $920 leve + The RSI is currently neutral around 50, indicating that SOL is neither overbought nor oversold. This suggests room for further upward momentum if buyers step in. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 142 Stop Loss: 112 ------------------------------ Target 1: 172 Target 2: 200 Target 3: 251 Target 4: 400 Target 5: 700 Target 6: 900 ------------------------------ Timeframe: 3D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SOL: Oversold TerritoryThe market sentiment for SOL is currently bearish, with technical indicators suggesting caution due to potential downside risks. Key Factors Influencing SOL Price MACD: The MACD is bearish, with the histogram at -0.93, MACD line at -9.31, and signal line at -8.38, indicating strong bearish momentum. Stochastic Oscillator: With %K at 3.34 and %D at 6.16, the Stochastic Oscillator shows oversold conditions, suggesting a potential short-term rebound. RSI: The RSI at 25.69 indicates that SOL is in oversold territory, which could signal a potential reversal or consolidation. Price Trends and Resistance Levels: Local Resistance: Found at $151.45, a key level to watch for a potential breakout. Solid Resistance: Found at $171.21, which, if breached, could signal a strong upward trend. Local Support: Found at $135.05, which could act as a support level in case of a pullback. Dynamic Resistance: Aligns with the upper trendline, providing additional resistance around $151.45. Potential Market Scenarios Bullish Scenario: A break above the local resistance at $151.45 could lead to further upward movement, potentially targeting the solid resistance at $171.21. This move would likely confirm bullish momentum and attract more buyers. Bearish Scenario: If SOL fails to break above the local resistance, it could retest the support levels at $135.05 and potentially fall to the solid support level at $121.00. A break below $121.00 could signal further declines, with dynamic support suggesting lower targets. Conclusion and Market Outlook SOL is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
by MonoCoinSignal
SOLUSDT.1DUpon examining the SOL/USDT daily chart, it’s evident that Solana has exhibited substantial volatility over the analyzed period, reflecting significant investor interest and market activity. Here’s a detailed breakdown of the technical aspects: Support and Resistance Levels: Support Level 1 (S1) at $116.96, which is critical as it previously acted as both resistance and support. This level could play a pivotal role in determining short-term price movements. Support Level 2 (S2) at $93.66, a deeper level which may come into play if there is a significant bearish downturn. Resistance Level 1 (R1) at $164.23, near recent highs and a potential target for bullish momentum. Resistance Level 2 (R2) at $193.09, marking the peak reached during a recent surge and representing a strong resistance area. Technical Indicators: The MACD (Moving Average Convergence Divergence) is currently showing a bearish signal with the MACD line below the signal line and both trending downward. This suggests that there might be continued bearish momentum in the near term. The RSI (Relative Strength Index) is below the mid-point (50 level), indicating bearish momentum but not yet in the oversold territory, which suggests that there could be room for further downside before any potential reversal. Conclusion: The SOL/USDT pair shows a bearish trend with the potential to test further supports if the current levels do not hold. The key area to watch is Support Level 1 at $116.96. If this level is breached, it could lead to a test of Support Level 2 at $93.66. On the upside, any reversal from these levels might attempt to challenge the resistance at $164.23, and a breakout above this could target the high at $193.09. Given the bearish indications from the MACD and the RSI positioning, traders should be cautious and consider setting stop-loss orders to manage risks effectively. Watching how the price reacts at these support levels will be crucial for traders looking to either capture rebounds or brace for further declines. As always, keeping an eye on broader market sentiment and developments specific to Solana will be vital for adjusting trading strategies accordingly.
by MarsSignals