Triangle Tension: SOL is currently compressing within a triangle pattern, indicating a critical juncture that could lead to significant price movements. Support Stress: The ongoing retracement is putting pressure on the long-standing support trendline, heightening the stakes for future price direction. Resistance Hurdles: Solana faces challenges at the overhead...
Price is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 138.77 Why we like it: There is an overlap support level. Stop loss: 128.26 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 153.98 Why we like it: There is...
Its in consolidation phase the ranges of consolidation is 120-160 and its taking support at fib 0.6 level the 160 level will break within a week or on 19th may as per my data Can go long after the breakout of 160 levels for targets of 240 Happy trading
Due to its strong fundamentals and recent bullish momentum. With ongoing network upgrades, increasing adoption of its blockchain technology, and a robust ecosystem of decentralized applications (dApps), SOL is well-positioned for significant growth. Target entry: $10X.XX, with a short-term target price of $170.XX, reflecting a potential gain of 60%.
A trend following system uses a moving average as the main tool to generate trading signals for a system trader; the moving average is like the holy grail of technical analysis, together with the RSI. The moving average that is active on this Solana chart is ema100; blue line on the chart. Notice how Solana (SOLUSD) becomes bullish September 2023 as soon as it...
SOL needs to hold the upward sloping trendline as support. If not, there is trouble brewing. Potential breakdown alert. We have mapped out the downside support price targets.
Is what we seeing a pattern for going long? Wdyt? COINBASE:SOLUSD
SOL looks good to run highs in coming weeks, sitting nicely atop midrange, and above vPOC of all price action that has transpired above midrange. Also, has mid BB (weekly) confluence as support from this juncture. Essentially more likely to begin filling inefficiency above than lose support below.
Double bottom in sol/usd bearish reversal entry/buy stop -159 stop loss -119
MAY 10 ’24 - SOL - FORECAST This is a prediction of the next 24 hours I use a combination of indicators from ChartPrime and luxAlgo. The Green is the daily channel extrapolation continuation ranging from the middle of the previous day’s extrapolation The Orange is the projected extrapolation forecast based on the current day Happy Trading! -MV
The Bat reversal Harmonic Pattern is forming which is going to take some time to mature as there is no divegence. Possible PRZ is 122 to 124 level so add solana in the watchlist for possible trend reversal or trade the bearish trend accordingly due to no divergence.
Solana ( CRYPTOCAP:SOL ) has experienced a drop in price due to renewed concerns over FTX liquidation, leading to a decrease in trading activity and a significant drop in open interest. The token, known for its high speed and low fees, has shown resilience amid the ongoing FTX bankruptcy. However, the price has dropped due to renewed concerns over FTX liquidation,...
As momentum is building I expect a breakout from this and I've opened a long position. If the price breakouts down the trade is invalidated. Thank you and DYOR. This is not a financial advice.
SOL touched the forming trendline as predicted and it will go back to touch again the recently broken resistance and make it a support. And then it will go even higher.
bearish harmonic pattern sol/usd entry - 146 stop loss - 156
SOL is currently exhibiting signs of bearish continuation after failing to break above key resistance. We see a possible double bottom forming around the current price level, indicating a potential test of support at $115. Price action has been consolidating after a recent decline, potentially forming a double bottom pattern. Fibonacci retracement levels (not...
$SOLANA is getting ready for another bullish leg, It's showing a reversal pattern and I'm positive in the next few weeks we will see an incredibly bullish move