I can see BULLS are getting ready to take this ack up
I have buy here with sl @ 115
I will take first profit @ 170 (very important broken support which turn resistance now)
If we break 170 my next target will be 259 - 399
Good luck everyone
This is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting.
Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t...
As we can see we fail to trade above WEEKLY Resistance (183.90 Area) and Bears looks are very in control at the moment
The high possibility to go as low as 137 before we see Bulls come back
I have sell here and my target for now is 144-137, which will be good DISCOUNT AREA to go long from there (with confirmation of candles of course)
Hollaaa :)
Long Solana coin here. 50% of position. Will scale in rest over next 1-3 hours. Solana double top was obvious but got distracted fishing. Think we test 200$ sol in next 2-8 days. Let's see what happens.
Where can we find support for Solana? A quick draw of the Fib Fan shows that if our 100 day sma does not hold, we could drop to anywhere from $107 to $122. This would coincide with both the rising 200 day sma and .618 on the Fib Fan, a great area of confluence which would make great support.
My previous analysis assuming $60 turned out to be wrong and $80 was reached instead. The waves turned out to be true, but the volume was wrong.
Many other analyzes say a further rise, I don't think that SOL will behave in the opposite way.
spot trade, downside risk ~30%, upside 8x
Solana has established itself as the premier alt L1 this cycle, trading 45% off the highs w/ catalyst of WW3 and network congestion, latter of which will be fixed soon
bull market dips are for buying
The uptrend is still intact. Dumping/manipulation by whales is typical and expected. Get ready to enter Long and ride with the Big Funds. Manage your long positions as there will be much more volatility and manipulation as we get closer to Bitcoin halving.
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This is reminding me of early ETH right before it ripped - this correction is close to done or a tad more but overall it won't matter we're going much higher by the looks and people trying to short term trade this market or worrying over small 10-20% moves are going to miss the big moves coming for the majority of this year.
Taking a look at current short term resistance (str) and short term support (sts). Retest at 205 was unsuccessful and the the sellers have gained momentum. Preparing for deeper correction to previous levels of support.
Solana / SOLUSD touched the 1day MA50 yesterday for the first time since February 24th.
That happens to be exactly on the long term dashed Channel Up.
If its holds the 1day MA50, buy and target 400.00.
If the 1day MA50 breaks, we expect a slightly lower bottom like on January 23rd.
On that occasion, buy when the 1day RSI hits its Support A Zone and target...
The only thing holding up the price of SOL is network congestion. People can't even transfer their coins to exchanges to sell them, even if they want to. That's a feature not a bug.
WIF is a forced meme.
Good job pumping and dumping your meme coins.
Greate job ansem. Don't hate the player, hate the game.
The SOL/USD 1-day chart presents a complex technical picture, with both bullish and bearish signals vying for dominance. Let's delve deeper into the observed patterns:
Possible Bullish Pennant Transformation:
The analysis suggests the chart might be exhibiting a tight bullish pennant pattern. This pattern typically forms after a strong uptrend and indicates a...
