$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
SOL price levels, support and resistanceSOL has bounced off of .618 golden buy zone back in January. And since then it has been establishing higher lows and higher highs. We could revisit to do a double bottom around $8-$9 levels but I do think we may have the $16-19 level as the buy zone and take off from here to go visit $40 range first. This is a weekly chart so this may take some time to play out. Perhaps in the next 4-6 months. Not a financial advice. I will be adding to my SOL bag below $19 preferably at 16.9-$17 levels.by CryptoBreakers3
[UPDATE SOL] I'm ready.Nothing to say., I'm super super ready for the next phase. Bottom end of the year / first quarter 2024. Then, well, it's going to be tricky.by Homocryptus5
Is Solana Ready For A 30% Jump?SOL price is showing signs of recovery within the bear channel. The potential recovery could push SOL to $23.26. A closing price above $20.65 could lead to a price of $23.26. FTX liquidity issues affected the SOL price. There was a 6% drop in SOL price in a single day. After a 170% bull run in early 2023, the price dipped to $13.81. The price bounced back to $27 after forming a support trendline. A recent market crash brought SOL below $20. The current SOL price is $18.72. Technical indicators like RSI and MACD suggest a bullish trend. If the uptrend continues, SOL could reach $30. A price drop could lead to a correction to $15.50 if the price doesn't sustain above $18.Longby Coinpedia-Market-Insight1
BULLISH on $SOLSOL fundamentals are at an ATH while price is at an ATL, that's a buy. SOL X MAKORDAO, SOL X VISA and SOL X SHOPIFY. SOL is the most battled tested chain, has the best tech, with the most resilient community and users. Even stubborn bears are becoming bullish. SOL has plenty of upside, and I'm am bullish to say the least. SOL X FIRE DANCER is on its way too.Longby citaumeh113
SOLANA DUMP INCOMINGCRYPTO:SOLUSD SOLANA DUMP INCOMING Why? - USD Strength - Weekly uptrend line broken - Leaving Mod-Schiff Fork - Weekly MACD Bearish Cross - Weekly DMI Bearish Cross (Pending) Don't let the log-scale chart fool you. We're looking at a return to $8 (December '22 low), or an even larger decline to $5 (the Aug '20 high) That's a 50% - 70% drop from current levels. Short it. Fat_Fat Shortby Cousin_Fat_FatUpdated 334
Solana's Key Price Levels for FTX SelloffSolana (SOL) accounts for a $1.162 billion out of FTX's $3.4 billion in digital assets. On September 13, FTX is submitting a request to approve the liquidation of these $3.4 billion in digital assets, which will place strong sell pressure on the market while also sparking fear for cryptocurrency investors. A short trade setup was posted in early August with the goal of shorting the next SOL peak down to the yellow support trendline. This price target has been reached, but now there is the threat of a steeper decline for SOL. SOL's price action will be significantly impacted by the judge's ruling. However, these are my key price levels in case if SOL continues its strong selloff: - Support Zone Between $14 to $15.30 - Support Zone Between $9.80 to $12.30 Shortby realchartchamp2
Solana closer lookZoomed in, couple extra additions. My next update will be made with a fresh chart that day, maybe a week from now. I aim to continue being profitable and would love others info/ideas. I have open ears and no crystal ball.Longby Polarbearman0
Solana has solid potentialThey might want to pump it up so they can give more money to one party and special interest groups rather than selling at this level... SBF & company might be able to get a better deal and or less prison time. Currently I see support under us and upside. Wish I would have not bought when I did BUT it isn't that bad. I plan on selling near purple box and adding to my bag maybe first week of October. Stay safe and DO NOT BELIEVE THESE MOON BOYS. Just my opinion not investment advice. Peace & LoveLongby Polarbearman5
Sol looking to correct to 15.7 or 12.2 rangeSolana looking to dump to said levels after the fud bomb from ftx. It is a bad sign if a sell off like this has already occurred before the dump, we might see all-time lows. Regardless the token community is strong, developers like it , and some of my favorite projects are moving to solana (such as render).Shortby Apollo_21mil1
SOLANA BACK TO 8USD?BINANCE:SOLUSD BACK TO 8USD After the issue of POLONIEX:FTTUSDT liquidating solana from its wallet COINBASE:SOLUSD immediately fell 8% from the price of 19.40 USD, so then where is the bottom? From the current price of 18.07 USDT then the next CRYPTO:SOLUSD price will be at 16.02 to go down in demand then if from demand it can't then there will be a drop to 13.26 USDT to 12.75 USDT! This is very terrible if OKX:SOLUSDT the super low area cannot increase the price of the ETF results in the next month then MEXC:SOLUSDT will be at a price of 8 USDT at the bottom of 29 December 2022.Shortby zayndbryant227
Soludt selling pressure Solusdt is not looking good here we may see more dump in future due to FTX selling NEWS. Currently solusdt is sitting at local support zone , if this support area breaks we will see more dump in sol upto next support of 12-13$. . . . .DYOR!!!!Shortby vishalsapkall4
Solana heading south The Solana price appears poised for a potential decline, with the 50-day Simple Moving Average (SMA) at 19.71 being the crucial level that could provide support. Based on weak recent performance, except for the period following the Visa announcement, I personally anticipate a breakdown. Shortby RF_Trading334