Here's what I'm seeing on SOL right now for the bullish case $167.67 Weekly FVG lines up with the 1.618 from Waves 1 + 3 and happens to land right on a very macro fib time
This is the other scenario I'm watching today over the next few hours - this could turn into a re-distribution. Obviously I would prefer if it went ahead with the accumulation but we may need to come down lower before we see a real spring
Looks to me like we're setting up the beginning stages of a distribution, or a re-accumulation. Here's the next couple steps. I'll update once we see how they shake out and let you know where I think it's headed next
Solana has recently broken structure on the 4 hour time frame. We are currently seeing a lower low and the trend bearish, possibly reaching for previous lows at 93.53 and 91.13. This idea is for educational purposes only and not to be construed as financial advice. #sol #solana #solusd
or... We continue up into this daily supply for the SOS on this larger accumulation
Now there's 2 possibilies I see from here. We either SFP this local SOS high and re-distribute, or.... (See related)
I think this is the best case scenario for Solana right now on a larger time frame. It's worth noting that I'm not totally confident that it's going to play out this way, however it's worth noting these levels anyway because they will be significant eventually regardless Check out my other posts for all of the potential scenarios I could see playing out
This is one of the possibilities that I like the most right now - C wave of the correction into the GP of the whole 5 wave impulsive structure, also the SOW on the distribution or re-accumulation (we'll see which one soon)
This one is the more bullish of the two because the AR would bring us up into the 170s before crashing back down. Again though I'm just messing around with the major macro fib time and some macro Wyckoff possibilities on this one
We see Head & Shoulders pattern on Solana H4 chart, This coin had big uptrend, so now it's time to make some corrections. 83 level is the first target. Risk reward 1:3
Solana is about to hit the first targets, I expect a slight pull back to the "scene of the crime" (yellow line) or lower to find some support/liquidity for the next move.
This is the bullish scenario for Solana right now From here to 125.84 supply & extension on wave 1. that's gonna be wave 3. Either there or the 1.618 at 128.08 Afterwards we retrace back down to the top of wave 1 at 106.56 and from there make one last push up into this daily FVG at 146.16 $146.48 is also the bearish OB that broke structure causing the bear...
In a recent post about BINANCE:SOLUSDT I said that 80 should provide strong support for the coin and a resumption of the up trend is possible after the test of support. Indeed, SolUsdt reversed from that zone and a rally started after. However, the coin seems incapable of holding gains above 100 and, considering I expect a deeper correction for the overall...
In time H4, as mentioned in the previous post, if it is not able to break the range of $100, it will correct to the range of $81. Therefore, at present, the important resistance barrier for the growth of the currency will shift to the range of $87.5. So, if it corrects upward, the range of the red box can be confirmed to continue the downward trend to the range of...
Solana really has a bear makeup. Now it has hit a supply, but it would have been better to reach the optimized range, then we could look for sell/short positions with much less risk. We do not expect the sol to rise and our view is a bearish one. We expect to have specified targets on the drop chart. Closing 1 daily candle above the optimized range will...
📊Analysis by AhmadArz: 🔍Entry: 98 🛑Stop Loss: 100.58 🎯Take Profit: 95.92 - 92.91 - 89.75 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
🏃♂️Solana is moving near the Support line right now. 🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame . 🌊The structure of correction waves is Triple Three Correction(WXYXZ) . 🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line . ❗️⚠️Note⚠️❗️: An...
Solana has broken down out of a rising channel only to create a new channel. Volume falling for 2 days. What's next? BINANCE:SOLUSDT COINBASE:SOLUSD