Watching SOL closely here, treading lightly in the crypto space with all of the FUD surrounding pending regulations. However, SOL is looking quite nice here and is currently sitting right on its 200-Day EMA. Additionally, SOL is holding a big falling wedge with a little cup and handle at the end. Bullish on SOL long-term and will be watching closely for a breakout...
KRAKEN:SOLUSD Solana is currently reacting off a significant zone "wedge" where price has broke out in August 21. The zone is also formed by another important "lower channel wedge" extending till 120$.
Breaking 115.40 will invalidate this setup.
Keep it simple.
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Solana doesn't look in a great place at the moment.
It has just completed a Head n Shoulder with target 70 dollars. This also agrees with the Elliott Wave counting.
I will wait for 70 unless I see signs of reversal earlier.
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An obvious H&S pattern. Solana is a centralized blockchain. Half of the total supply is distributed to VCs and insiders, and their tokens will be unlocked & released soon. Aggressive marketing and price manipulation and even server error (which is hilarious). Will there be enough liquidity for those VCs to sell off?
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Here is the top-down analysis for SOL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
- this could be the last run for SOL in this bullmarket, i always liked to stay preservative in my predictions, but SOL was something...
- if you stayed with me from the start when Solana was a few bucks, you already made a bunch of money, so don't be greedy and trade wisely.
- now Solana went down and retraced for a long period of time, because after touching the...
Solana currently remains in a stable downward trend. It is being affected by the bearish dynamics of the current crypto market and there are also rumours of security problems. Recently, the ecosystem had a failure which was thought to be a DDOS attack, but the CEO clarified that this was a congestion issue. To break through the downtrend, SOL must break through...
$SOL has tried to break out of the downward trend many time since November but hasn't been able to. Given how many times it has touched and even had a couple false breakout, if it does manage to break to the upside, I think it's safe to say it will be a trend reversal. If it goes below $137, it just might be lights out and we wait a while before we continue the...
Price continued falling inside the channel shown in the last post (see related idea), and the yellow bounce zone has been reached. I have 2 approaches to buying SOL:
A. As as investor, this is a good place to begin buying, even we have some more downside.
B. As a trader, we still don´t have solid reversal indications. Ideally we should wait for the channel...
300 is the main LONGTERM target to hit. I be posting the same as ETHUSD & BTCUSD; even tho solana is in a big Tun should expect 100x this year for it to skyrocket.
Even tho just getting started so now let’s see how it plays and this is my buy idea
Solana has finally managed to touch upon the upper edge of the magenta-colored area between $129.9975 and $55.6400. Although it has shied away from entering it so far, we still expect the price to go lower and reach our provisional yellow trading-zone within the magenta area. There, wave in red should end and offer an attractive entry opportunity. Afterwards, we...
I haven't updated SOLUSD since July and the upper break-out which gave me a $130 target:
Well the target got quickly hit according to the Fibonacci levels provided with Solana trading within a Channel Down (blue pattern) ever since its November All Time High (ATH) and since December...
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Here's a trading idea.
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your...
SOL has reached the bottom of the pitchfork.
MACD has crossed and SQUEEZE indicates upside.
RSI and price action need to breakout of descending trendline.
All these indicate SOL will PAMP and get a lot more love very soon. Grab while it's low, It has potential to run to upper level of pitchfork.
Pattern: Channel Down on 1D.
Signal: Buy if the 1D MA100 (green trend-line) breaks. If not and a Death Cross is formed instead, expect a Lower Low which will be the most optimal buy signal.
Target: 130.00 (the 1.618 Fibonacci extension).
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