If it can continue to hold the 100sma and make higher lows, a jump to $144-150 @ the 1.618 would be the next move.
#SOL On the 4-hour frame, we have a good bounce heading into the downtrend We are about to touch the trend and correction slightly before completing the rise This rise is supported by the breakout of the Moving Average 100 Entry price is 98.00 The first goal is 103.38 The second goal is 108.63 The third goal is 114.70 The fourth goal is 121.32
SOLANA has switched from a Bull Channel to a Bear Channel. We're now on the 7th day of this new bear channel. RSI and MACD both declining since December 25th and Volume has been declining since Nov 1 2023. If you found this interesting or helpful, click the rocket! --------->
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Watch this re-accumulation, the spring should take out the SOW low and bounce back hard. A spring should be a fast manipulation move meant to take out all of the liquidity before moving back the other way. If it doesn't bounce back fast, it's invalidated! Keep an eye out for it and if you play your cards right, you get a fantastic entry for the next move
Another one where we nailed the exact bottom. February 23rd, 2024 @ 11:04 PM Now make sure you take profits on the way up!
If you have been following me, I have been following this CRYPTOCAP:ETH fractal since $8 Solana. We have recently reclaimed prior support and attempting vertical ascent. Please see charts below I have posted on here as we have transcended since $8 Solana. Much Love, @CryptoCurb 2021 CRYPTOCAP:ETH vs 2024 CRYPTOCAP:SOL You simply are NOT bullish...
Hello everyone! I want to warn those who have open LONG positions on #SOLANA. In the local perspective, we can expect a decrease in the asset down to $92.5 as a head and shoulders pattern has formed on the 1-hour and 4-hour timeframes. The situation is also negative on the daily and weekly timeframes. Since the last local price high on February 14th, I have...
I don't think I even need to label this - here's a picture instead to compare
SOL/USD has encountered a significant resistance level on the 1D timeframe. #SOLANA current overextended state after a sustained bullish run suggests a potential retracement as we can see currently in progress. Trade Strategy: Target a possible buy entry near the 61.8% Fibonacci retracement level on the daily (1D) timeframe. Await confirmation of this setup...
I'm really hoping it doesn't play out this way, I would much prefer the accumulation and the bullish scenario, I think we all would. The thing that concerns me though is that the measured move from the high we just put in perfectly lines up with the bullish weekly OB and the monthly FVG, so stay on guard here and be careful
Nice Local Accumulation going on here, likely target is the high at $102.59
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)