A WEEK STARTED WITH SELLING PRESSURSince the week started with the selling pressure it could go lower this week. If the green line broken the price could go down to 18.0.by aceofcryptos0
Solana, my thoughtsSolana has been correcting since the market collapse of a couple of days ago. Note that even if the market is in a clear downtrend generally speaking, bear market rallies are not uncommon. They are shorter and less powerful that rallies in bull markets, but they still happen. Price is currently in an uptrend and forming a ascending triangle. Note that this pattern really offers same chances of breaking one way or the other. In order to for a good buy entry, we would need to break the triangle upwards, equally break resistance 2 ($22.60), and also break downslopping trendline that more or less coincides at this point with resistance 2. Preferably with a positive Marubozu candlestick at some point, or just a large candlestick showing impulse up. Then wait for a retracement that turns resistance 2 into support. If we get a bounce up after that, there's your entry. I would set TP just slightly below resistance 1 line, that roughly may coincide with upper trendline of the channel, that would also be acting as a resistance. If differently, price breaks to the downside, we need a break of the triangle and of support at $21.10. Always better if we get a negative Marubozu candlestick at some point, or just a large candlestick showing impulse down. Wait for a retracement that turns support into resistance, then you have a sell entry. Good luck to allby guille81185
SOLANA SOLUSDT: A Possible Dump to $18?In this analysis, it shows that COINBASE:SOLUSD could have a run to $25, then dip to July 2023 opening price. Have a look at the chart, and let me know your thought about the analysis in the comment box. If the analysis makes sense to you, follow me now and support my idea with likes.Shortby CryptoNicheUpdated 13
SOLANA - Lower Timeframe Overview ✨In our Higher Timeframe post on SOLANA, we identified that we were in Wave B and we were looking for one more move higher to complete the pattern. We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already seen wave 1 and now in wave 2 of wave C. We are looking to catch the rest of wave C on break of the red trendline and ride it up 200% to our target of around 60. Trade Idea: - Watch for bullish reversal patterns on lower timeframe - Safe entry on break of red trendline - SL below price once red trendline breaks - Target: 32.5, 50, 60 Goodluck and as always, trade safe!by WicktatorFX5527
SOLANA - Higher Timeframe Overview ✅On a higher timeframe, Solana looks perfect from an Elliott Wave perspective. We have a nice 5 wave impulse for wave 1 and now we're in an ABC correction for wave 2, which appears to a zigzag pattern. Zigzag patterns consist of 3 major waves subdivided into the following subwaves: 5(A), 3(B), 5(C). We are currently in Wave B and looking for a move higher for completion of the correction. See below for our lower timeframe analysis: Goodluck and as always, trade safe!by WicktatorFX6628
Falling Wedge on 15m15m timeframe shows a falling wedge pattern indicating possible upside in the short term but overall a continuation of the downtrend on larger timeframes.by cmv1495112
Aug.1-Aug.7SOL(1d)Weekly market recapLast Thursday, the US CPI for July was released. The actual value was 3.2%, which was close to the predicted value. Compared with the CPI for June, it has increased, but from the detailed, the core CPI has declined. This is what the Fed is most concerned about. After the release of the CPI , the probability of no interest rate hike for the next FOMC rose to 90%. Last week, most tokens still maintained low volatility and the prices entered into fluctuation again after a sudden rise and fall. After the price approached the given support level, the bulls strengthened and SOL started to rise again. Although in the second half of the week, the rising speed has slowed down, but the bulls have not decayed. A red candle appeared on Sunday and the price made a callback. But yesterday, a long green candle appeared and covered the the losses. The bulls is ahead of the bears. Conclusion: There is a high probability that the rise has not ended. SOL remains neutral on a large scale, and bulls is stronger than bears on a small scale. So we come to this conclusion. The current rise is difficult to stop here and the price may reach 26. We maintain last week's resistance level at 26 and support level at 22. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.Longby Sypool5
$SOLANA - Head & Shoulders Target: $33.4SOLANA is a coin many speak about and with a great history. NYSE:SOL - The Community Coin! TARGET: $33.40 Massive Head & Shoulder break-out and flipping 200d moving average. Target lining up with resistance zone at $33.40. Placing bets accordingly. Are you holding any Solana?Longby CryptoBoj3
Solusdt bullish flagSolusdt forming a bullish flag , if the pattern breaks up we can easily expect 2% gain in sol price. Support and resistance are given in chart . . . DYOR!!!!!!Longby vishalsapkallUpdated 4
Solana, trend reversal in playSolana has been retracing since it overshot on July 13th due to favorable Federal Court ruling for the crypto space. Note that Solana had been already clearly outperforming altcoin asset class in the days leading to the July 13th spike. Retracement has been very smooth, with low volumes and prices downsloping in clearly defined channels. The lower the volume in a retracement after a large price increase, the more bullish it is considered. Have a look at how volume has fared after price spike on Jul 26th (circled in green), higher than the average ONLY when prices were rising, that was already a sign that power was being gradually transferred to the bulls. As of Saturday 5th I consider this retracement finished, due to multiple confluences that point to a reversal (you can read them in the chart). Next resistance at 25.65, I expect it will be pierced through. Taking into account price reached 32.30 in the recent spike, anchoring effect will motivate buyers to enter into this new uptrend. On the fundamental side of things the picture is mixed, TVL has posted strong gains, and active addresses have increased slightly. Rest of metrics are down: revenue, NFT sales & development activity. So in essence, it seems this bullish momentum Solana is experiencing since several weeks ago is at least in part speculative in nature. Good luck to allLongby guille8118Updated 224
Bull run sol at 2000 pluseI dream I believe I draw a line watch it come true its a sleeping giant I believe it will pass all other block chains this next bull run Longby briangaughan56
Sol USDT LongHi all, here a quick cash for solana used, rising triangle on a 30 min time frame, it looks good, above 55 ema and bullish on higher time frames.Longby Aavatarr6
Bull Case for SOL next Bull run Don't midcurve the best L1 and the best altcoin play for the next bull run. SOL is the most battled tested community and blockchain there is, and it will have serious momentum when it breaks its accumulation range. Base case is $615, Bull case is $890. Scalable, fast, cheap, and growing. #onlypossibleonsolanaLongby citaumeh9
With A Golden Crossover; Will Solana Cross $30?Bearish Trendline Breakout: SOL price shows an 8.6% bounce back from the 38.20% Fibonacci level, breaking a remarkable bearish trendline. Golden Crossover: Solana's price jump leads to a golden crossover in the daily chart, indicating bullish momentum. Bullish MACD Crossover: The MACD indicator's bullish crossover, along with a surge in trading volume, supports the breakout rally. Significant Price Increase: SOL prices rose by 89.71% between June and July 2023, jumping from $14.48 to $27.47, before entering a correction rally with a 17.80% drop. Bullish Reversal at Fibonacci Level: Solana found support at the 38.20% Fibonacci level ($22.51), forming a bullish reversal with a morning star pattern. Breakout Above Correction Phase: An 8.6% increase in the last four days breaks SOL above the short-term correction phase and the 23.60% Fibonacci level, leading to a rounding bottom reversal. Neckline at $24.41: The breakout rally's neckline is at the 23.60% Fibonacci level, reflecting a significant increase in bullish sentiments, supported by the golden crossover of the 50 and 200-day EMA. Positive MACD and Stochastic RSI: Both indicators highlight bullish signals, with the MACD preparing for a positive crossover and the stochastic RSI starting an uptrend. Potential Reach to $30: If the breakout rally sustains above $25, SOL's price may reach the $30 overhead resistance. Risk of Consolidation: Closing below $24.41 or the 23.60% Fibonacci level could lead to a prolonged consolidation phase above $22.51.Longby Coinpedia-Market-Insight6
Solana: a short pullback to go up again Solana's trading pattern has been consistently oscillating within the range of 22.5 to 24.0. Notably, there have been opportune dips around 22.3, presenting favorable buying opportunities for long scalping strategies. Despite this, our trading approach will remain within the confines of this range until a breakthrough occurs beyond the green box. One scenario could involve a retracement towards 21.6, followed by a subsequent move towards the 200 SMA at 24.NFA by RF_TradingUpdated 4
2023-08-06, Sunday: This is what currently happen to SolanaThis is the DAY CHART of Solana. You gonna have to wait for a few more months as it would do its thingy ups and down in between 0.236 and 0.382 level. Just being naughty and nice at the same time. A Black Swan Day would be a good triggering point for later stage of strong bound.by NYC1976Updated 1
SOLUSD - Bearish Trend ReversalThe pair has shown signs of a trend reversal. The Inverted H&S pattern is formed. Moreover, RSI is also showing divergence with the trend. Stoploss, entry, and profit levels are marked. Let's see if the market goes as planned or not. Longby Khizer98557
SOL/USDSolana creates a very unusual zigzag where wave A is diagonal and at the same time wave C is diagonal.We have hit the Fib. con zone ... if we see momentum from this zone and the next correction, the solana should continue up.Longby MiroslavVnencak1112
Solusdt bullish pattern Solusdt forming a bull flag breakout of pattern can lead to upward movement. .and for a safe side entry wait for retest then enter . . .DYORLongby vishalsapkall7
Solana ready to test 25Solana looks like it wants to test the 100 SMA at 25. We had a perfect dip to 22.8 and a rally that stopped at 24. If it can flip 24 it is highly likely that the price will reach 25. Adjust your orders accordingly. NFA Longby RF_TradingUpdated 9
SOLUSDT 1H Orderblock Identified.Our Ai Identified an orderblock on SOLUSDT 1H Timeframe.Longby positionalert1117
SOLUSD $400 Soon or HigherEnding wave of correction 2 Next, we expect growth in wave 3 First targets $380-$400 or higherLongby Phoenix_GruppeUpdated 2213