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...
EASYMARKETS:SOLUSD
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SOL price is trading in no man's land and is not worth to trade until a trigger happens. My bias would be for a sweep of low $130 (likely touching $128 in a liquidation event) and restart the growth. First target 140 second target 150 if we get that.
How to play ⏯️ Solana strategy in the current range?
Long at Support zone
Short at resistance
Right now it's looking more 🐻 bearish and price is likely heading to the support zone
Hello Guys,
this is just an idea and I do not think this will happen.
To be honest I see Sol hitting well above 500$, but so far SOL is replicating the movements of the 2022 bear market fractal.
We have to deviate from it, as long as we stick with it looks a bit worrying, ngl.
Especially because what I just said: If everyone believes one thing, it is likely...
SOLANA!
1st and Effective Target is marked by arrow!
IMHO - we going to go there - just matter of time...
2nd and 3rd - are only if break those.
Good Luck!
The Solana cryptocurrency has recently experienced a significant breakthrough by surpassing the $150 resistance level, paving the way for a possible continuation of its upward trend. This is a critical milestone, as the $150 resistance level is considered a significant barrier between the bullish and bearish markets.
However, despite this breakthrough, there has...
Here's the corrected version:
Solana has demonstrated its strength in this bullish market, showcasing a long accumulation phase from Mon 30 May '22 to Mon 30 Oct '23. Subsequently, the price began breaking highs directly to $200, marking a 2500% increase from Mon 26 Dec '22. It's been quite a volatile market, and I believe Solana has the potential to become one...
Solana breakout is getting more bullish.
Next upside price target 🎯 is $180 before it encounters any resistance.
Mapped out in blue line possible price movement going forward
Solana is forming a MASSIVE Cup & Handle formation that could lead to major gains over the next few years. As many know, Solana has a potentially infinite supply of coins that can be created, which is one of its major downsides, in my opinion. As far as trading, and not investment perspective, I think Solana will make some mind-boggling gains over the next 3 to 5...
Long Solana coin here. 50% of position. Will scale in rest over next 1-3 hours. Solana double top was obvious but got distracted fishing. Think we test 200$ sol in next 2-8 days. Let's see what happens.
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...
