The $16 to $16.20 support area for SOL can be a good buying range. After that, we expect the price to rise at least to the top of the channel. If it can break the ceiling of the descending channel, it will have a price growth up to the specific resistances.
Hello everyone, I invite you to review the SOL chart on a four-hour interval. As we can see, the price has broken the downtrend lines, while currently we will use the blue lines to mark the uptrend channel, from which the price also goes down. Let's start by marking the support spots for the price and we see that we first have support at $15.91, but if the price...
Hello everyone, I invite you to review the SOL chart in pair to USDT, as before, using a one-day interval. First, we will use the blue lines to mark the downtrend channel in which the price is currently moving. Moving on, we can move on to marking support areas when we start a larger correction. And here the first one that currently holds the price is $13.34,...
Hello Traders, There is no doubt that Solana is one of the most talked-about coins in the last two years. Solana already made +200% from its lower bottom but we are still on the downtrend we may consider the last rise as a correction in a bigger bearish wave. Solana is now testing the upper trendline which is a huge resistance. if we are able to get a...
We are closing EOSUSD forever... Let me explain. Here we can see that EOSUSD broke below its Jan. 2023 low, its Nov. 2022 low and even its June 2022 low. This is all thanks to the SEC of course but this doesn't change the fact that support is weak on this Altcoin. We use the bigger Altcoins to trade with leverage because they have less dramatic swings compared...
Let’s start by looking at the 1D chart: SOL experienced a significant decline from its high point of 38.75 to 7.535, followed by a price rebound to 26.826. Currently, SOL is consolidating between 26.826 and 19.459, and there is a chance of a bottom formation near the support level of 19.459. - On the 4hr chart, SOL has broken through the downtrend line and found...
Hi, this is my idea for Solana. This coin is very oversold and in my opinion its a buy
SOL has been under pressure over the past week or so following SEC enforcement actions against Binance and Coinbase, in which both cases the SEC claimed SOL (amongst others) is a security. This led to some exchanges, like Robinhood, delisting the token. However, others haven't (yet) followed suit, nor do I expect them. These kinds of lawsuits will take years to...
Going down with the ship! Either bail or HODL, its going to be a hard drop.
Solana (SOL) technical analysis: Trade setup : Price broke below $20 support and 200-day moving average, which signaled resumption of downtrend. It dipped as low as $12 but bounced back to another support level of $15. However, it is very oversold (RSI < 25) and could bounce up near term. It’s a higher risk swing trade setup since overall trend is down. Trend...
If you haven`t sold Solana here: Then you should know that Robinhood, the well-known trading platform, will discontinue its support for three cryptocurrencies implicated in SEC lawsuits against Binance and Coinbase. Effective from June 27, 2023, Robinhood will no longer provide support for Cardano (ADA), Polygon (MATIC), and Solana (SOL). In My opinion MATIC...
Updating my previous chart to account for a correction that I think will play out prior to $SOL hitting it's final target. Here's my plan: Buy in the green- around $11. Sell in the red - around $111-$134-135 I think this entire move will play out over the next 3-4 months (if not sooner). I don't care what happens in the middle of the chart. The support and...
If the market see more bearishness, in the worst case, Solana will dump to 3 -2 $ which may be a good buy Target is shown on the chart. The price remains above the support. Enter short only if\when the support fails
SOL is my biggest conviction play The ETH 2017-2021 fractal has been a framework/tool to help identify where we are at in the SOL cycle for the past couple years. If it ain't broke, don't fix it. SOL fundamentals are strong, have increasing dev activity, increasing developments (SAGA phone I highly recommend), and will keep gaining users and traction. Anyone...
Here I am again testing the ALPHA and ALPHA NOVA indicator, we will see what it will bring, we have something to test there, the reasons to go up are here, so we will see. For me, overall, either there will be another phase and the whole market will go up or it will go according to the summer scenario and we will look at very ugly numbers.
Hello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. Let's start by setting goals for the near future that we can take into account: T1 = $19.89 T2 = $20.40 T3 = $20.84 T4 = $21.26 AND T5 = $21.89 Now let's move on to the stop loss in case the market goes down further: SL1 =...