Big ShortTaking it down to 152. Let's see If what everyone is saying is true. Drop It to about 150 then where do we go from there?
Trade ideas
Anything could happen. Maybe we see another bounce at the high with a poke out and a Turtle soup dumper.
We will have to watch when it gets to the top. As we move through the week this could play out or not maybe it does but faster or slower.
I'm thinking more downWhile everyone force feeds me bullish content on X I still see something different.
Might be selling the next run up. I'll post a lower time frame soon.
Solana outlook following recent market crash.Last week, an announcement by President Trump triggered a market crash, resulting in one of the worst trading days for crypto investors this year. Solana (SOL) was also affected, with its price plunging sharply to $172, erasing billions of dollars from the overall crypto market.
However, sentiment began to shift after Trump had a softer tone regarding U.S.–China relations last Friday. Also, the hints at improved economic ties have brought renewed optimism to the crypto and global markets. Historically, periods of fear and uncertainty are when institutional investors and whales tend to enter the market—taking advantage of lower prices while retail investors remain cautious.
On the daily chart, Solana is currently finding support in the $173–$174 range, with the most recent daily candle showing strong bullish momentum. This could be an early signal of a trend reversal. Given the technical setup and improved macro sentiment, initiating long positions around current levels could be a strategic move—with a medium- to long-term target of $300 in 2026.
This is a trade worth watching, and I'm optimistic about Solana's potential in the coming months. What do you think? Comments and suggestions?
Cup & handle pattern: let’s go!Solana is realing going strong under a bearish BTCUSD. I think this cup and handle pattern will play out well.
Solana Defends Triple VWAP Confluence — Structure Still IntactSOL/USD is testing a major confluence zone where three anchored VWAPs (from the April low, January 1st, and the all-time high) align with the ascending trendline that has guided price all year. The cluster between 174–182 has acted as strong dynamic support, reinforced by the 100- and 200-day SMAs. Holding this base could set the stage for a retest of 198–215, with a breakout above opening room toward 252. Breakdown below the trendline would shift momentum short-term bearish, but macro structure remains higher-low intact.
Inverse H&S pattern: we have seen that before !A possible scenario I have in mind. See for yourself on this chart: not that long ago we had seen similar behavior. We are building good support here and the majority wants to see another uptrend. Much love for Solana!
Bullish reversal pattern + bullish flag (is the bottom in now?)Observed a bullish reversal pattern, followed by a bullish flag pattern. We made a double bottom today. I think this might be the actual dip that can be bought. Wondering if we remain above 180$ for a longer time since there is quite some fear on the market..
SolanoThis Volume Profile is a problem for Solano. In my last related post, I mentioned that I'm not a fan of this chart setup, because there's low volume, and a huge gap to the VPVR shelf. I said I see trepidation on support, and nothing has changed my opinion since then.
This looks like trouble below for Sol. I would bail. I'm not in it, nor have I been, but I would bail.
SOL TAKE YOUR SELLToday i made around 8k profits from this trade and it's still running bearish ; btc also have some bearish movement stick to the plan and be patiente
BUY ORDER SOL-Trendline retest red
-Support
-Trendline retest green
-Fib compleet
I THINK WE ARE STILL GOING TO HAVE A PUSH
SOL potential double bottom setupI am seeing a potential double bottom setup for SOL. We would have to close at around 180USD, beyond which an upside turn is possible. DYOR and let me know your thoughts
Friday Massacre - cash ready! Another Friday massacre
The chart is looking extremely bearish.
I think the price is going to move to the $95-107 zone where the V-shape recovery happened after April liberation day.
Many people stayed on the sideline without getting into the market. I think the price wants to come back to that level for reset before the next big move up.
It structurally makes sense as well. You can see the fib retracement level in the chart from the previous cycle's ATH to the bear market bottom.
I often (not always) see Fib 0.786 and Fib 0.236 work as the last line of defence. So when the price breaks and closes above Fib 0.786, it eventually moves to the upside even if it temporarily pulls back.
In case of the down trend, if the price breaks and closes below Fib 0.236, the price will eventually move to the downside.
When you look at the Solana weekly chart, the price broke above 0.786 in Nov 24. It failed to continue to move up and spent months consolidating in the tight range. So I think it will eventually go up, but the chart is not telling me no so fast.
All weekly momentums indicate bearish momentum is building up.
I think the price might go to the following areas:
1) $135 - Fib 05, previous lower high, ascending support line, the level the final bull trap happened in 2022
2) $106.5 - Fib 0.382, liquidity pool, April liberation day bottom
3) $100 - psychological level
4) $ 68 - 100 - Fib 0.236-0.382 - absolute capitulation zone.
$SOL at major resistance, bottom is in?CRYPTOCAP:SOL bottom appears to have printed a text book ABC correction for wave 2 ending with a swing below the daily 200EMA and S1 pivot, front running the Fibonacci golden pocket.
However, Solana is at major resistance now and being rejected. RSI did not have bullish divergence or reach oversold so traders should be cautious.
Its holding up much better than most alt coins after Friday...
A bottom may be found at daily 200EMA and wave 3 may begin...
Safe trading
Where does the price find a bottom? I can see a few patterns in a weekly chart.
1) The price is moving inside the blue descending wedge pattern.
2) The price is moving inside the orange ascending wedge pattern.
3) Green descending support/resistance line is the line that completes a huge cup and handle pattern.
What do you think? I would like to know what others see.
Have a nice weekend.
Another Friday crush?? Price action is extremely bearish. I can see the same price action of the last Friday is unfolding in 1H chart.
When I analyse a chart, I use trendl ines, Fib retracement, EMAs, and momentum indicators. But when the action is so volatile and I feel like I no longer know what the hell is going on, I remove all the indicators and look for clear liquidity zone in higher time frames: Where did the price move up too quickly and left unfilled buy orders, and when did the price drop too quickly and left unfilled well orders?
The problem of Solana is the price has moved down and moved up way to fast at the end of last bull cycle and in the beginning of this bull cycle.
Solana price fell from $250 to $82 in two months at the end of 2021. And after the bull trap in March 2023, the price again fell rapidly from $140 to $36 in two months. After the spectacular fall, Solana spent 16 months basing between 8 and 46 for 16 months. However, when it started to move up in October, it went up too quickly again. It moved from $22 to $200 in 6 months.
The past 18months, Solana spent most of the time in the range bound between $126 and $260, satisfying both buying and selling demands. The price can eventually go up, but I see lots of downwards pressures in every time frame:
Monthly:
Large unmitigated fair value gap between $45 and $80.
Price is trapped inside the descending wedge pattern. It is a bullish pattern. However, if the price does not break and close above the descending resistance line, the price is likely to move to the downside.
Momentum indicators are also in the bull zone. However, RSI and MACD are starting to move to the downside. It makes me think the price correction is happening. It is a monthly chart, so it won't resolve quickly.
Weekly:
I can see a diamond pattern. The price is trapped in the shape of the diamond. It is usually a bearish pattern.
The price was moving up strongly along the ascending support line (purple line). However, the last Friday's crush went down to sweep the liquidity (orange rectangular box) and I can see two more fair value gaps sitting below it.
All weekly momentum indicators are still in the bull zone, however, RSI lines and Stochastic lines are now crossed to the downside. MACD lines are very close to cross as well.
Daily:
The price is still above EMA 200 and also above the support line, however, EMA 55 is about to cross over EMA 12 and 21. Yesterday's candle retested EMA 12/21/55 and closed below it.
MACD are deeply in the bear zone and has no sign of recovery.
RSI and Stochastics are reset to move to the downside.
1H:
EMA12/21/55/200 are perfectly lined up for the bear move.
Before last Friday's crush, the price held above $217 for a few days, but it eventually capitulated. I can see the same set up unfolding. And it is Friday again.
There is an unmitigated fair value gap in the $212-218 zone (immediate one) , so the price can move up there to fake out and move down. I have no idea what the market will do. I can see in a daily chart the price is moving inside the descending parallel channel. So if the price can hold above the purple ascending trend line, it might recover from there.
It is a very difficult market. When you have a strong bias, you will always find what you want to see. I have to pay attention to what the price is doing and hopefully react to it correctly.
Good luck.
SOL Ascending Triangle Solana is in an ascending triangle with resistance at $260 and support at $125. Look for $260 resistance to turn to support.
SOL Bearishthis is the last set up for bearish movement ; after retarcing those key level and after the current regulation solana is moving downward
SOL/USDT: Recovering from Flash Crash with Bullish Setup FormingSOL/USDT rebounded sharply from the $170 support following a flash crash and is now consolidating near the $200 level within a mid-range structure. Price action displays a sequence of impulse and correction legs, indicating buyers are attempting to regain control.
A stable close above $210 could confirm renewed bullish momentum toward the $230 resistance zone. The broader setup points to range accumulation, with potential for an upward breakout if momentum continues to build.
Long I opened a long position for a swing trade this morning.
A daily candle is still below EMA 12/21/55 and has not broken above the descending resistance line, however, I see a lot of bullish signs in the chart. I am cautiously optimistic, however, the bull is not in full control yet.
Daily:
Stochastic formed a clear positive divergence and is no in the bull zone.
RSI lines are trapped inside the descending triangle. The momentum is clearly building up and I am anticipating it to break to the upside given RSI line is starting to move to the upside and slow
MA (orange) line is also starting to tilt to the upside.
MACD lines are still in the bear zone, however, histogram shows the bearish momentum is weakening.
A daily candle is still below EMA 12/21/55, however, the price strongly held above the previous higher low at $190 (blue horizontal line) .
A daily candle is also above EMA200, two major support lines (purple and orange lines).
4H:
All three momentum indicators are in the bull zone now.
The price moved to the purple support line, moved up, retraced to retest Fib 0.382 level.
The price is above both EMA 12 and 21.
Trade plan:
Entry price: $202
S/L: $189
Target : $223
H&S pattern's right shoulder turned into an ascending triangle!SOLUSD is showing real strength here, the bulls are not giving up. Staying above the $200 was really needed to not form a "perfect" H&S pattern.
I think that we will see a breakout from this point. Please do not see my ideas as your personal investment advise. I am only sharing ideas here.
15 min zig zaglooking for one more impulsive move down out of this flag like part in this correction.
simple short term
Descending channel: what is next for SOLUSD?There is a head and shoulder pattern drawn starting from 12 october until now. It will most likely go down at first. I hope to see a bounce again from the lower uptrend line (in white). Which would make a big chance to breakout from the descending channel pattern.
