Small Inverse H & SLook for Solana to retest this downward trendline after this small Inverse H & S plays out. Resistance will be pretty strong and I expect Solana to have more downside unless we BREAK back above this trend line Happy Trading!by jimmythis3433
SOL Potentially Big Bullish Tendency StartingMostly the month of June is the "bottom" month before another bullish movement. And the price has met its strong support level at around 126 - 127.Longby PynyxUpdated 4
SOL/USD 1-Day Chart - Unclear Direction with Bullish and BearishThe SOL/USD 1-day chart presents a complex technical picture, with both bullish and bearish signals vying for dominance. Let's delve deeper into the observed patterns: Possible Bullish Pennant Transformation: The analysis suggests the chart might be exhibiting a tight bullish pennant pattern. This pattern typically forms after a strong uptrend and indicates a potential continuation of the uptrend. However, it's crucial to note that the pennant seems to be morphing into a descending triangle. Descending Triangle - A Bearish Signal: Descending triangles are generally considered bearish continuation patterns. They form when resistance levels trend downward, and support levels trend slightly upward, creating a triangle shape. A confirmed breakdown below the support level of the triangle signals a potential downside move. Zone of Indecision: The current price action suggests a zone of indecision between bulls and bears. The price is hovering near the $173 support level, making it a critical zone to watch. Potential Breakout Scenarios: Downside Breakout: If the price breaks below the $173 support level and a daily candle closes below this level, it could signal a bearish breakout from the potential descending triangle. This breakdown could lead to lower targets in the $130s or even lower. Upside Breakout: Conversely, if the price rallies and closes above $202, it could signify a bullish breakout from the pennant formation. This breakout could propel the price towards higher targets potentially exceeding $300. Important Considerations for Further Analysis: Confirmation is Key: Both the potential bullish pennant breakout and the bearish descending triangle breakout need confirmation with volume and price action. Higher volume on a breakout strengthens its validity. Volume Analysis: Monitor trading volume. Higher volume on a breakout strengthens its legitimacy, while lower volume suggests a weaker breakout that might be susceptible to reversal. Technical Indicators: Consider incorporating technical indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) to gauge momentum and potential overbought/oversold conditions. These indicators can help identify potential entry or exit points during a breakout. Fundamental News and Events: Stay informed about relevant news or events impacting Solana's price. Developments within the Solana ecosystem or broader market trends can influence the price movement. Longby ParabolicPUpdated 1114
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. MDShortby MoralDiscipleUpdated 227
Is This The Beginning of A Bullish SOL Reversal?Following the announcement of a SOL ETF a few weeks ago, almost all investors expected the Solana share price to rise significantly. And when many traders expect a price movement, the opposite happens. This was also the case with SOL. Following the significant price losses, however, an impulsive countermovement is now emerging that could herald a sustained trend reversal. We are now positioning ourselves long in Solana. The trade idea presented offers a good RRR of around 1.5:1.Longby Ochlokrat1
Solana blazing straight to hellSolana blazing straight to hell and back LETS GET DANGEROUSLongby shenanigansUpdated 4416
SOL - A Top Tier Coin Warming UpMany altcoins warming up now and although their are many top tier sleeping dogs; SOL is not one of them, pushing on up here. SOL is still only just above the previous high and may yet see a pull back before full breaking out, but its starting to look like the next wave up is underway as we looked at before. Weekly RSI is now pushing into the top quadrant and this should be a big clue that momentum is firmly to the upside. Such a complex correction but in the end it appears that it was just a 3 wave correction before a bullish impulsive wave. A series of resistance shakeouts pushing through the yellow 50 week moving average before eventually pushing up and above; finding support and re-testing the 50MA as described in the weekend video. So SOL is looking in great shape here and can be a good top tier coin to continue to average in on any small pull backs. Those sub $20 buys are looking good now 🙂. Not advice.Longby dRends35Updated 3338
SOL: Thoughts and Analysis Today's focus: SOL Pattern – Support Test Support – 123.50 Resistance – 140.36 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SOL on its daily chart. Few things to watch, key support being the main one. Will we see a bounce or a break? If we see a bounce with this, then contnue the overall descending triangle pattern. Good trading.04:49by Eightcap2
SOLONAReasons for execution 1)PWL LIQUIDATED 2)+BOS external 3)0.236 Fibonacci Retracement 4)Positive Orderflow 5)1.618 Fib Expansion Longby roberto_us305
SOL - Were you entertained?At $21 I predicted SOL will get back to ATH. (see below) This is an update of the idea where I provide detailed comparison to a bearish shark. This also plays with how I see BTC and rest of crypto. Unlike what is being said by others, I believe we are closer to the end of the crypto rally. Please boost idea and follow.Longby BlackisKingUpdated 1111
Crypto market checkCrypto market check Q2 2024 view with BBMC and accumulation / distribution indicators. ETH/USD BTC/USD DOGE/USD BCH/USD SOL/USD UNI/USD LINK/USD MATIC/USDby Options3601
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!Longby ATTMO1
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?Longby BiTBingo2
Solana trend continuingSideways triangle in Solana, shows that the price is just going sideways temporarily but long term wise the direction is clear to the north.Longby laganicapobeda995
Solana Price Analysis: Is a $114 Correction on the Horizon?I discuss why I believe it’s heading towards a near-term correction that could see its value drop to $114. Also I describe what to look for after it reaches that zone.Short03:47by Entrenched224
Solana - Bearish CampaignShort-term downside reversal in a trading range formationShortby BulletproofTradersUpdated 997
Bearish drop?SOL/USD is rising towards a resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could reverse4 from this level to our take profit. Entry: 140.47 Why we like it: There is a pullback resistance level which lines up with the 23.6% Fibonacci retracement. Stop loss: 151.74 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Take profit: 120.66 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets6
Solana has a stron bearish momentum, could it fall further?Price is rising towards a resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 140.47 Why we like it: There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 151.74 There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Take profit: 119.62 Why we like it: There is a pullback support level which lines up with the 100% Fibonacci projection. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Shortby VantageMarkets6
POTENTIAL BUY OPPORTUNITY SOLANA (SOLUSD) Alright! Here is post #2 for the week! I figured this week I would give you guys a couple different markets than I usually post about! Since I do mainly specialize in FX markets since I have put the most time into them. But wanted to add some value for those of you trading multiple or different markets! So here we go! OK so obviously Solana is a hot Cryptocurrency right now...showing huge upside potential. Recently prices have been making an uptrend in price with recently back in Mid-May prices went from $140-$185+ per coin. Showing a huge influx of demand coming into this crypto-currency. After seeing this bounce I had seen the demand for this coin is there... SO when looking at lower timeframes you can see a strong demand level around $151 per coin. Where the origin of that last bull run was in prices. Another good technical confluence is the Fibonacci alignment of the 78.6% fib (discount) level aligning with the overall demand. Simple breakdown on Solana but overall a hot coin..large market cap..and a bullish/demand driven market to back it...more signs pointing bullish then bearish for me on this crypto coin! Please boost and follow my page for more accurate analysis! Cheers! Longby JosePipsUpdated 335
A possible bug ?Sorry for the somewhat long winded video, I just thought that it's way easier to show the problem than to deal with TradingView support, that just answered that my script compiles perfectly. Not very helpful. The video is not long if anyone has any idea, let me know. I changed browsers, downloaded the standalone app same thing. ThanksEducation01:44by rosedenvy0
Bear Case...Plotting what I think may be the corrective bear targets - Structure wise it's difficult to say a bottom is currently in after retracing so much of our previous leg - hence why my bias has shifted thinking we have not finished correcting.Shortby Swoop61
solusd buyLots of liquidity has been taken from the downside and now were looking at a new bullish direction, there was a breakout to the upside through the resistance line at 128.85 which tells me there is a new trend forming and that there is strong bullish pressure. We also have 2 to 3 ascending triangles, a new bullish trend, and bullish market strucutre. We also have a nice reaction from the demand zone 128.52, indicators also signal a bullish direction. in conclusion the market is showing bullish behavior and is a very profitable trade.Longby seanstone12240
Big moves coming for $SOL, fast horse If you haven't noticed, CRYPTOCAP:SOL has been leading altcoins into the coming bull run. SOL has been outperforming CRYPTOCAP:ETH and MIL:BTC by a big margin. People were selling and panicking out of SOL during the FTX fud but it that had nothing to do with its fundamental. SOL is the most performant L1 by a long shot. Eth went 241% past its ATH last bull run, and if SOL follows a similar trajectory next cycle that puts CRYPTOCAP:SOL at $891 (3.618fib) ... Don't fade CRYPTOCAP:SOL >. SOL is fundamentally stronger than ETH too. DYOR and Zoom outLongby citaumehUpdated 9913