Ever since its bullish resurgence between Monday and Thursday last week, SOL has fallen into a steady sideways momentum between $150 and $140 as bulls ran out of steam. This bullish fallout comes after the seventh-largest cryptocurrency hit a snag at the descending trendline at $157 from a failed breakout.
That said, the broader market entered a mild bearish tone...
- 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...
Selby Solana Fibonacci Test
January 16, 2022 - April 09, 2022
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
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...
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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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...
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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!
I haven't updated SOLUSD since July and the upper break-out which gave me a $130 target:
Well the target got quickly hit according to the Fibonacci levels provided with Solana trading within a Channel Down (blue pattern) ever since its November All Time High (ATH) and since December...
KRAKEN:SOLUSD Solana is currently reacting off a significant zone "wedge" where price has broke out in August 21. The zone is also formed by another important "lower channel wedge" extending till 120$.
Breaking 115.40 will invalidate this setup.
Keep it simple.
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SOL in the middle of the 78.6% zone but this may be a retest of the selling area and might just come down after that retest. If we get a break out of the zone and a bullish retest, then we may have something.
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?
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...
So we have pretty much called Solana Perfect from $240~ odd down and our targets have been around the $100~ area, I probably won't nail the exact bottom but I believe the next low made where I have marked could potentially be it, Short term counts are always tricky but it appears 1 more bull trap is left in this before the last plunge comes in.