my idea at SOLUSDThis info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. BINANCE:SOLUSDT Shortby ITManager_USUpdated 111
SOLANAIn our Higher Timeframe post on SOLANA , we identified that we were in Wave B and we were looking for one more move higher to complete the pattern. We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already Longby ITManager_USUpdated 117
Solana (SOL) After escaping from its downtrend, Solana entered into a pullback which is now testing the breakout point found at $19. So long as this holds, the bias on is bullish and SOL also managed to close the week with a 2.7% increase. Buyers appear to be returning to Solana, but they have to hold the price above $19, otherwise sellers could take back control. The resistance at $20 also proved too difficult to break on the first attempt. Looking ahead, Solana has a good opportunity to return on a sustained uptrend. The most important leves at this time are $20 and $22.Shortby ITManager_USUpdated 4
solana is bullish position...head and shoulders pattern in Sol chart and move to 24$ price... by Farid-110Updated 1110
SOL/USD Main trend. Cycles.Solana Super Hype. The main (long-term) trend. Timeframe 1 week. Logarithmic chart. Coin of the famous “hedge fund” Alameda-research. Despite the useful applications and development of various applications on this blockchain, the asset (coin) itself is in fantastic profits. Be careful when trading and follow risk management. This is the basis of profits. This clamp zone, is also an uptrend confirmation zone (the trend line is green) and at the same time acts as a huge head and shoulders neck zone. Coin Market: Solana line chart . A secondary downtrend (its resistance is the red line) has been developing since the peak of the price swing, at $250 per coin (the main volume is $0.10, the chart can't display that. The Doge is smoking in the sidelines). The minimum price decline is -90%. Every secondary trend is crazy pumping, just like LUNA was at one time.by SpartaBTCUpdated 353539
SOLUSD Very close to a huge break outSolana is testing now the Falling Resistance from July's candle body top. All two prior break outs over such Resistance in the past 12 months have ended with a new Higher High on our main Channel Up pattern. Trading Plan: 1. Buy if the price breaks above the Falling Resistance. Targets: 1. 33.000 (Fibonacci 2.0 extension as on previous break outs). Tips: 1. The RSI (1d) will start flashing the first sell signs inside its Resistance Zone. Use it as an additional exit back up plan in case there is a sudden price reversal. Please like, follow and comment!!Longby TradingBrokersView4417
When trading, it is important to have confirmations.When trading, it is important to have confirmations. Confirmations are when price moves in a a particular way which tells us that our setup is valid and even, ready for entry. We have 3 main types of confirmations. 1. Trendline Break This confirmation is very simple yet very effective. When price is following a trend, you can often find that there's a trendline that can be placed. This trendline is used as a guide. eg. When price stays below the trendline = bearish when price goes above the trendline = bullish Entry Method: Entry on break of the trendline with stops below the lowest price before the break 2. Break of structure Price tends to test and respect significant price points. e.g. We can draw a structure level when price rejects a certain price point and assume that when price stays below that level = bearish When price breaks above that structure level = bullish Entry Method: Entry on break of structure OR retest of that structure level 3. Moving Average Cross Over Using 2 moving averages can help you ascertain whether price is bullish or bearish. In the crypto market, the 100 and 200 moving averages are often used. eg. When the 100 moving average is below the 200 moving average = bearish When the 100 moving average is above the 200moving average = bullish Entry Method: Once there's a bullish cross over (100 over 200), we can assume price is bullish. We can look for pullbacks for entry COMBINATION Confirmations can be most reliable when more than one is used at the same time e.g. trendline break and break of structure. Please note that these types of confirmations work with ALL market, whether it is Crypto or Forex. See below for various examples of using confirmations when entering the market, particularly the crypto market. Longby ITManager_US10
[UPDATE SOL] Would you be ready for the worst case?Well, if Btc follows a multi year gold-style consolidation/range, in a multi year macro inflationary context, alts could see the last mini bull season of this decade towards the end of 2024 - mid 2025. Alts like Sol could see a 500% pump while new low caps could see 2000-5000%. Interesting.by Homocryptus4
Two yellow pivot targetsI don't plan on buying again until the market price hits my pivot targets. Purchased 50k the first time around and made a fortune. When the market price gets close to my yellow pivots i will evaluate what will happen then. Too many calculations to determine at the moment and too many global issues are going on to determine the future at the moment. I will check back on this project in 6 months to see how its progressing. Right now i don't see any reason to hold any crypto assets. Shortby XcommandUpdated 447
SOLUSD Simple Bearish SetupBearish structure validated and setting up for a great risk-reward at a key area. While it has not CRACKED yet, it appears it will soon. This small time setup has much bigger implications for the bigger chart as it could run lower for longer to use some FED speak.Shortby RealMacroUpdated 119
Why Solana Can Fall To $17 This Week?SOL price is in a falling channel pattern. Experienced a 1.91% drop last night. Breached the 61.80% Fibonacci level at $19.45. Failure to resurface above $19.45 could lead to $17.27. Currently trading at $18.95 with an intraday fall of 0.37%. Bearish trend occurs in a falling channel pattern. 15% recovery at the start of September failed to surpass the 50-day EMA. MACD and signal lines struggle to sustain the bullish gap. RSI line reverses under the halfway line and 14-day SMA. Tremendous supply pressure could crash SOL price soon. Next strong support level for Solana is at $17.27. Upside breakout could push prices to $22.51.Shortby Coinpedia-Market-Insight0
$SOL 4H long - Break out of diagonal resistanceSol broke out of the diagonal resistance that has been holding and in a down structure since beginning of July.Longby Luna_Crypto_1
SolanaSolana Update. Critical Month Support is at play with a rising wedge. #learn #technicalanalysis with #thequeenofcharts #sol CRYPTOCAP:SOL #crypto #trading #daytrading solusd by awakensoul_3692
Solana (SOL) -> New Altcoin SeasonMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Solana. During the year 2021 we saw a crazy rally of more than 25.000% on Solana and since the beginning of 2022 Solana perfectly dropped more than 90% towards the downside. Following this overall long term pump and dump trend I do expect another crazy pump after Solana broke out of the current triangle formation. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡Longby basictradingtv303031
Here’s Why Solana Struggles For A Comeback?SOL reverses from the 50-day EMA, indicating a bearish channel. Experiences a 4% decrease, marking the start of a negative trend. Falling below $19.45 could lead SOL to $17.27. SOL's price trend has been forming lower highs. There was a 35% decrease from $27, testing the $17.27 support level. A death cross pattern has formed, suggesting a bearish outlook. Despite a 15% recovery in the past week, SOL faces resistance from the 50-day EMA. The price also correlates with Bitcoin's plunge below $27K. Technical Indicators: MACD: Sideways movement with declining histograms. RSI: Close to the midpoint but remains above the 14-day SMA. Potential outcomes: If SOL can sustain above $19.45, it might attempt to reclaim $20. A failure to hold might see a drop to $17.27.by Coinpedia-Market-Insight0
Solana: Short term looks weak In the short term, Solana appears to be exhibiting weakness, and we anticipate a test of the 100 SMA at 19.18. It is crucial for the significant level of 19.22 to hold in order to initiate an upward trend. This, of course, is contingent on the overall market performance, particularly BTC. If your intention is to engage in a short-term scalp, consider a short position. However, if you prefer a more conservative approach, it may be advisable to maintain your current position and observe market conditions. Shortby RF_Trading112
$SOL 4H LongBouncing off of lower high diagonal support and breaking out of down trending diagonal resistance. Confluence of two diagonals. Higher low market structure.Longby Luna_Crypto_2
$SOL Weekly Long Bouncing off of lower high diagonal support and breaking out of down trending diagonal resistance. Confluence of two diagonals. Higher low market structure.Longby Luna_Crypto_2
✴️ Solana Broken Downtrend line and Descending channel (Random?)Yet to be confirmed, Solana (SOLUSD) is in the process of breaking a downtrend, a descending channel as well as moving above EMA10 and EMA21 all in the same day. While we had similar action in August, when Solana managed to close daily above EMA10/21 just to move lower, this time the MACD went through a full reset. Back in August, when Solana produced the same signal, the MACD was still above zero with lots of room to move lower. Today, the MACD is coming up from a low point with plenty of room available for growth, here is the chart: The financial markets are not random. The financial markets do have periods where it seems to be of high randomness but other periods are quite predictable and these are the periods that us technical analysts need to spot for trading purposes, these periods we call trends. Trends are highly organized and structured periods of market action. Then we have cycles... Even a child can look at a Bitcoin chart and calculate a four year cycle, not random at all I should say. Remember, markets are random only to those who do not understand them, just like certain phenomena are considered to be "magic", which simply means that people yet do not understand how these phenomena work. Once the phenomena in question is understood, it becomes a piece of technology, a science, not magic at all. Once you understand, the randomness is gone. You don't have to believe me, the proof is in the charts. Namaste.Longby AlanSantana1128
Solana ready for the next move Solana has demonstrated strong performance, with its price rebounding nicely above the 100 SMA, which has now been retested at 19.10. If it maintains this level (as I am inclined to believe), there is potential for a rally towards the 200 SMA at 20.14. Longby RF_Trading1
Solana poised for a resurgence, liquidating late shorts After the last call played out perfectly, amidst prevailing bearish sentiment, it's prudent to keep an eye out for a potential technical rebound. This could potentially lead to a test of either the 50-day Simple Moving Average (SMA) at 19.40 or the 100-day SMA at 19.87. Longby RF_TradingUpdated 3
My position on SOLUSDWe earlier shared how we expected a downward movement of SOLUSD. That has clearly happend but the price has broken the downward trend line created on the chart. We have closed out 80% of our position and advised our VIP Subscribers accordingly. We won't be surprised to see movements to the upside. Thread with cursion if your sell positions are still open. Shortby Sechere331