SOL 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. MD
SOLVVS_80FDCC.USD trade ideas
SOLUSD Bullish due to US Elections 2024The US Presidential elections is theonly catalyst that is currently driving crypto.
Green arrows: A pullback retrace can meet this areas(green arrow) to enter long or increase bullish positions.
First target: 210
A break above 210 can lead SOLUSD to 256
Yellow horizontal lines: Main supports with highest volume
The current breakout is valid,becuz the RSI dropped immediately and leaft oversold area
Solana: SlumpedSOL retreated quite a bit last week. However, our primary scenario remains unaffected by this development. We continue to see the price in the final stage of the blue wave (i), in the context of which we expect a rise well above the resistance at $210.03. However, we must also keep an eye on our 25% likely alternative scenario, which will be activated by a slide below the $118.89 support level. This option sees the coin already in the blue wave alt.(ii) and would ensure a sell-off into our blue Target Zone (between $109 and $51.20).
Solana Breaks Inverse H&S Neckline & Clears TriangleTraders,
Multiple indicators show Solana on the way to final target now of $230-250. My followers were given a signal at $120-140 and should easily double their $$$.
We have an inverse h&s pattern inside a bullish triangle. Additionally, a double bottom pattern forms the right shoulder. This all shows us clearly that it will be hard to stop Solana.
We have a little resistance rn and may retest the top side of our triangle, but in less than a week I anticipate further price action to the upside as we continue to smash through levels like we're karate chopping balsa wood.
Best,
Stew
SOL -- Almost time to break upwards?Perhaps one more downward drive toward 150 before continuing up.
What To Do And When To Do It | Financial SuccessThe question is always what to buy and when to buy.
What to sell and when to sell.
The answer is always different according to who is asking.
The answer to these seemingly simple questions can become very complex as it is necessary to adapt the answer to each different individual or entity.
➖ What to buy?
Whatever you want.
➖ When to buy?
Whenever you want.
Say you are considering a strong position with Solana, for long-term growth.
We repeat the same questions: When and where to buy?
Because the market has been defined as unpredictable, at least in the short-term, we have to develop a strategy as the answer to these questions.
If we are looking to build a strong position for long-term profits using Solana, then we would buy each and every time a major drop develops. Simple?
There are thousands of analysis out there pointing out different support levels. These can be used for buying.
Now, if we are expecting a major drop next, it would be wise to wait for this drop to show up first before we start buying. Simple?
But if the drop does not develop... That's why we can strategize thinking in the long-term.
There are pairs that are trading really low, near their all-time lows. Trading at critical support. These would be easy buys if we are looking for growth thinking of late 2025 to sell. We can become millionaires with a very simple strategy.
What needs to be avoided is "day-trading."
What this "day-gambling" really does is that it locks all of your capital in small and useless moves and once the big move comes you are fully committed and can no longer take it.
Strong, highly profitable, low-risk opportunities only develop once or twice per year.
These are the ones that we care about.
These are the only ones that we consider.
➖ After the major rise... SHORT.
➖ After the major drop... LONG.
It is so easy... So, so easy... It makes me wonder: "Why am I still broke?"
You are broke because you are not after money but instead personal growth.
Change your priorities and financial success is yours.
Namaste.
Short trade
Wed 31st July 24
1min TF Entry
Sellside
LND to NY Session PM
10.03 am NY Time
Entry 183.15
Profit level 179.19 (2.16%)
Stop level 183.84 (0.38%)
RR 5.74
SOLUSUSD Long Position Hi traders,
The price hit the resistance and it is at level that we are expecting the short- term downtrend and the price coming back down to the bottom of the range.
Long position can be taken at the bottom of the range.
Entry at 127.65
Target placed at 188.88
Stop loss at 120.29
Good luck
Short trade
Wed 31st July 24
1min TF Entry
Sellside
LND Session AM
6.15 am NY Time
Entry 182.98
Profit level 178.81 (2.28%)
Stop level 183.16 (0.10%)
RR 23.17
$SOLUSD's bull run = done until 2025, back to $50 or belowAs you can see from the chart, price has hit the top of the structure and has begun to reject off of it on the 2D timeframe. I think this is the start of a much larger move down for Solana.
I think it's likely that from here, Solana goes to test the $51 region at a minimum. If it can bounce there, then it's likely that it'll come back up to the top of the structure and break it.
However if it can't, then I think it's likely to continue down to the lower supports before bouncing and we'll see a longer accumulation before we see a breakout.
I lean towards altcoins going down/being in an accumulation phase until Jan - March 2025 then seeing a large move after that.
Once the structure breaks to the upside, initial target is $750.
Would be an amazing trade to accumulate at the lows should this play out.
Let's see what happens over the next 6-12 months and beyond.
Solana (SOL) Trade Scenarios for todaySolana (SOL) Trade Scenarios for Today
Current Price: (Insert current price here)
#Scenario 1: SELL at $180
1. Trend Analysis:
- Trendline: Check if there is a bearish trendline confirming the downtrend.
- Confirmation: Ensure price action is indicating a potential decline at $180.
2. Price Action:
- Bearish Signals: Look for bearish candlestick patterns (e.g., bearish engulfing, shooting star) near $180.
3. Support and Resistance Levels:
- Resistance Level: $180 (where you plan to SELL).
- Support Level: Identify a recent support level to place your stop-loss.
SELL Trade Plan:
- Entry Point: $180
- Stop-Loss (SL): Above recent resistance level.
- Target Profit (TP): Set a level below $180 where the price has previously bounced.
#Scenario 2: LONG if Close Above $188.3
1. Trend Analysis:
- Trendline: Ensure the price is breaking out above a key trendline resistance at $188.3.
2. Price Action:
- Bullish Signals: Look for bullish candlestick patterns (e.g., bullish engulfing, hammer) indicating upward momentum.
3. Support and Resistance Levels:
- Resistance Level: $188.3 (confirm breakout).
- Support Level: Identify a recent support level to place your stop-loss.
LONG Trade Plan:
- Entry Point: Close above $188.3
- Stop-Loss (SL): Below $188.3 or recent support level.
- Target Profit (TP): Set a level above $188.3 where the price has previously encountered resistance.
Summary:
- SELL at $180:
- Trend: Bearish (confirm with trendline).
- Entry: Bearish signals at $180.
- Stop-Loss (SL): Above resistance.
- Target Profit (TP): Below $180.
- LONG if Close Above $188.3:
- Trend: Bullish breakout.
- Entry: Bullish signals with close above $188.3.
- Stop-Loss (SL): Below $188.3.
- Target Profit (TP): Above $188.3.
This plan provides a clear approach for trading Solana based on the specified price levels, using trend analysis, price action, and key support/resistance levels for making informed trading decisions.
Solana weekly bull pennant. This is what I see. I am long Solana and will hold until etf is approved. Happy trading.
People Lie Charts Don't...Giving me flashbacks to the NEO chart back in the day where everyone thought it was the ETH killer lol...they even called it the Chinese ETH!, but it died and kept on dying...this will be no different and all these other L1 chains with their fancy high tps/scalability bla bla bla the end result will be the same...mega down and people left holding the bag wondering how they got scammed so hard.
Short trade
Tue 30th July 24
15min TF Entry
Sellside
LND Session AM
3.45 am NY Time
Entry: 182.32
Profit level: 177.16 (2.83%)
Stop level: 183.24 (0.50%)
RR: 5.61
solanaHey guys
It seems that we can expect a reaction from the two specified price ranges.
On the thirty-minute time frame, a compression movement has been created and it seems that according to the signals issued by Ichi Moko; We can expect an upward trend up to the specified price area.
Keep in mind that if the marked red support area is completely consumed, the possibility of a downward trend to the $60 price area can be considered!!!
Is the news that QSOL is listed on the Toronto Stock Exchange true?
What do you think?
It's not looking good for Solana....My prediction is that Solana CRYPTO:SOLUSD COINBASE:SOLUSD BINANCE:SOLUSD BINANCE:SOLUSDT is overvalued in the short term at $190 for several reasons:
Price Surge: The rapid increase in Solana's price has outpaced its actual adoption and technological developments. Such sharp price movements often lead to overvaluation.
Technical Analysis: The formation of a double top pattern, a bearish technical indicator, suggests that the price has reached a strong resistance level at $190 twice and failed to break through. This pattern often precedes a price decline as it indicates potential weakening of buying interest and an increase in selling pressure.
Economic Forecast: I predict an economic collapse starting in 2025, indicating that this may be the last bull run before a significant downturn. This scenario is seen as the last major correction to shake out overleveraged bulls, setting the stage for a new all-time high by early 2025.
These factors suggest that Solana's price at $190 is unsustainable in the short term and could be due for a correction, which is why I am shorting Solana right now.
CYANE
Solana Soars: Breakout and Futures Fuel RallySolana (SOL) has ignited a bullish flame, surging past a critical resistance level as investor appetite for risk intensifies. On Monday, the cryptocurrency's impressive performance comes amidst a broader market uptick, driven by anticipation for the Federal Reserve's interest rate decision and the release of key earnings reports.
The digital asset's ascent was marked by a decisive break above a key resistance point, a technical indicator often seen as bullish. This breakthrough suggests a potential shift in market sentiment, with investors becoming increasingly optimistic about Solana's prospects.
Adding fuel to the fire, Solana's futures open interest has been steadily climbing, nearing an all-time high. This metric, which represents the total number of outstanding futures contracts, is often interpreted as a measure of market interest and activity. The surge in open interest indicates growing investor engagement and potentially points to further price appreciation.
The broader cryptocurrency market has also experienced a resurgence, with a prevailing risk-on sentiment taking hold. As investors weigh the implications of potential monetary policy adjustments and corporate earnings, many opt to allocate capital to higher-risk assets like Solana.
While the recent rally is undoubtedly encouraging for Solana holders, it's essential to approach the market with caution. Cryptocurrencies are inherently volatile, and price fluctuations can be rapid and unpredictable. Factors such as regulatory developments, macroeconomic conditions, and project-specific news can all impact asset prices.
Technical analysts will be closely monitoring Solana's price action to identify potential support and resistance levels. If the cryptocurrency manages to consolidate its gains above the recently breached resistance, it could open the door for further upward momentum. However, a failure to hold onto these gains could lead to a retest of previous support levels.
As the cryptocurrency market continues to evolve, Solana's performance will be closely watched by investors and traders alike. The recent breakout and surge in future open interest has undoubtedly generated excitement, but it remains to be seen whether this momentum can be sustained.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research or consulting with a financial advisor is strongly recommended before making investment decisions.
Long trade
Sunday, 28th July 2024
14:30 PM NY to Tokyo Session
Entry: 185.47
Profit Level: 197.97 (6.74%)
Stop Level: 182.10 (1.82%)
Risk/Reward Ratio: 3.71
Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected.
However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support.
The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high.
In my opinion, 300 is a reasonable target for Solana.
Long trade
Trade Details for Buyside Trade
Date: Saturday, 27th July 2024
Session: 3:00 PM London (LND) Session
Time Frame: 30 Minutes (30min TF)
Entry Point: 184.86
Profit Level: 202.43
Stop Level: 183.78
Risk-Reward Ratio (RR): 16.27
SOLUSDT : BULLISH W-Bottom PatternThe daily timeframe for Solana has revealed a key pattern - the W Bottom pattern.
If this pattern plays out, a healthy correction of around 16% is likely before another impulse wave(s) up.
It's important to note that according to this pattern, for the immediate/short term we will likely go lower to retest the key support zone, which is the W Neckline. But for the near/long term, this is a bullish pattern.
The one condition for this pattern, is that the daily candle cannot CLOSE underneath the support zone / neckline of the W .
Don't miss yesterday's update on why ALTSEASON 2.0 is upon us:
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COINBASE:SOLUSD
