If I'm being bullish - which in the long term I am for Solana - I could see this as a buying opportunity here.
What needs to happen in my opinion:
- 21MA (blue) needs to cross over 50MA
- Price needs to break golden pocket
- Price needs to break strong support zone
What could signal a turn for worse:
- Price currently below golden pocket & strong support...
Solana has many events happening for itself in the upcoming months. I will go through them in my own channel.
But in my Own, zooming out on the daily candle and with the help fibbo and parallel lines channel, we can expect to see Solana touching $250 very soon.
You can confirm this TA on SOLBTC chart as well.
Like many, the thought of selling solana this past month has not once crossed my mind. Solana has revolutionized this space and is growing a speeds I have not seen before. As someone who has stopped using ethereum altogether because of the simplicity and ease of Solana, I have become a loyal supporter to this project. I am very bullish and it's hard to tell where...
We knew a correction would most likely need to happen and it did happen.
Price is now 20% higher so let's take a look at the charts and what to expect next.
With Bitcoin in focus and Solana having huge potentil to stay at all time highs, we offer you our chart with 3 keay levels to buy from or buy-again from!
Check our previous idea...
The domino effect applies.
BTC+ ETH+ rise ALLCOINRise
BTC+ ETH+ down ALLCOINDown
We compared it to Ethereum. But Ethereum is not. Solana, Ethereum Classic, Neo, Ada,Dot, etc. as smart contracts.
They will leave it in the middle like a doge coin.
I will not let anyone else destroy the tower.
Me and my team will destroy it personally.
This pain is...
The harvest time is near, which has become the fruit of wilting. It's time to make the tp and stop-loss adjustments. We'll take tp and continue.
We are making our preparations. As fund managers, we had a little discussion.
Let's pick fruit.
We bought it for $28. We've made enough profit, now we're leaving.
there are many coins. in each of them we should see...
On the SOL chart, we can see that the price has approached the $36 level several times, and at the moment it has failed to close higher. If the price continues to squeeze and trade near this level, it could mean that the price is very likely to break this level. And a good entry point could be when it breaks and tests the level as support with the targets noted...
Update on Solana!
After a big drop of 40%, Solana is trying to return to the value area noted above. So far it did not manage to test this area, but if it makes higher highs, tests the sell zone and the volume rises, it could be a good point to open a short position with the target indicated below!
Write in the comments all your questions and instrument analysis...
I like Solana. It is looking strong and there are some key factors that could make this a long opportunity.
1. Price dipped down to low 30s and tested support but it was rejected. If you compare SOL to BTC price is about to break all time highs.
2. Cumulative volume turned positive in the near term. Volume vs Average Volume is increasing as well. I am waiting for...
Looking at Solana on a logarithmic scale we can see that it has been following a trendline (green) very closely. Only until recently has Solana deviated away from this trendline due to market exuberance. As of right now this asset looks like it is either setting up for another leg up or it might need to dip down to the green trend line to validate support before...
Reached our first target of 49800 sats. I've moved up my SL just below the most recent low and will now target the 1.618 FIB level around 56000 sats.
I took 50% profits at our first target and will take 40% out of the remaining position once we hit 56000 sats.
Are you catching this move?
Solana is one the strongest projects at the moment from a TA point of view. It holds up well against its BTC pair and makes it interesting to trade.
- Bullish divergence on RSI
- Hammer candlestick
- Touching .382 FIB (strong level for a bounce in a bull run)
- Confluence with the green support zone
Easy 20% run towards the ATH.