SOL
SOL buy setupThe structure of SOL is bullish and in this structure we are looking for positions aligned with the structure in the movement origins.
We have specified the support range as demand on the chart.
We are looking for buy/long positions on this range.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
SOLUSDT is demonstrating strong bullish ✉️ Pair: SOLUSDT
📈 Direction: Long
💯 Leverage: Max 20X
📊 Buy Level: Above $188
✋ Stop Loss: Below $165
✅ Target 1: $200
✅ Target 2: $215
✅ Target 3: $230
✅ Target 4: $260
SOLUSDT is demonstrating strong bullish momentum, advancing towards its all-time high (ATH) after recently breaking through key resistance levels. The current trajectory suggests a potential significant increase that could surpass previous ATHs. However, it is crucial to manage risk effectively; always set a stop loss to protect your investments against unexpected market fluctuations.
Manage your risk – never trade with more than 1% of your capital on a single trade.
DONT FORGET TO BOOST US
XRP moonshot?Since April 2021 XRP has been banging on the 2/1 Gann failing time and time again.
In the last three years we hit the 2/1 Gann 5 times and failed to break it , this monthly candle is extremely bullish and we have reached the apex of this Gann triangle, the chances are we break to the upside.
Since March 2020 we have been printing lower highs on the monthly without fail.
Stoch RSI monthly buy.
Bar pattern fractal from 2015 repeating.
Very high chance here XRP breaks 2/1 this time round , there is a lot of momentum.
Always choose bullish tokens to go long----SOLAfter BTC failed to stand above 70000, it did not fall much. The bulls seemed to intend to gather strength again to attack the 70000. The FOMC will be announced today. Although the market does not expect the FOMC to cut interest rates this time, time is passing and the best news is the absence of bad news. Employment data for July will be released on Friday. Yes, this is a great opportunity for BTC.
However, Altcoins do not want to take this risk. Most Altcoins are waiting for BTC to reach the target before taking action. Hah, you know why. Therefore, in the current environment, tokens that are still rising or maintaining fluctuation are good choices for trading, and and are less likely to be manipulated.
So, a month after the last article was published, SOL became the subject of our discussion again. At the 4h level, SOL prompted a BUY signal on July 15 and started a new rise after that. After the SOL hit 190 yesterday, it started to pull back, the wavy area came into play again, preventing further declines. The bullish trend in SOL is currently performing well.
If you are an investor with a low risk appetite, always choose a bullish token to go long, or a bearish token to go short.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
SOL SHORT Building upAnalysis:
Market Structure Shift (MSS): Awaiting confirmation below 187.52 for entry trigger 🛑
Fair Value Gap (FVG): Identified on the 4H chart (shaded grey area) 📊
Price Action: Bearish momentum expected to continue 📉
🎯 Entry: Below 187.52 on confirmation
🛡️ Stop Loss: Above 194.00
🏆 Take Profit: Targeting 176.80 🎯
📅 Time Frame: 4H Chart ⏰
🔔 Trade Plan:
Wait for a close below 187.52 for entry confirmation.
Set stop loss above the resistance at 194.00 to protect against potential reversals.
Aim for the take profit target at 176.80, where significant support is expected.
Potential price reversal and renewed growthOn a 4-hour chart Solana has reached significant levels that could indicate potential price reversal and renewed growth.
Possible Reversal Zones:
One of the critical reversal zones for Solana is in the range of $169 to $177. This area acts as a strong support level and can potentially cause a price reversal. A price encounter with these levels is likely to lead to a renewed pump and a move towards 200.
Price Target:
In the event of a reversal and renewed price growth, the price target for this analysis is $200. This level acts as an important resistance, and reaching it would indicate a significant price increase for Solana.
CULT DAO x5-x10?Cult Dao confirmed buy signal on the stoch RSI weekly last night , longing this signal last few years as resulted in fairly large moves , we did get a false signal July 2023 but high chance we have another run at the moment.
What is interesting is that alot of charts putting in the same lower higher structure.
$SOL - LONG - SINCE $8CRYPTOCAP:SOL
July 2021 - CRYPTOCAP:SOL Breakout
vs
July 2024 - CRYPTOCAP:SOL Breakout
Patterns Don't Repeat, but Often Rhyme.
Been hooting and hollering on here since $8 CRYPTOCAP:SOL , this might be the last possible chance to safely enter $SOL.
GL HF. NFA.
#SOLANA
- @CryptoCurb
Alikze »» ZEC| Break down structure🔍 Technical analysis: Break down structure
- It is moving in a downward channel in the weekly and daily time frames.
- So far, there have been several reactions to the dynamic trigger, the bottom of the channel, which has been met with short-term demands.
- Recently encountered a buy pressure candle in the $16 area.
- This buying pressure candle has been able to cause the swing to fail.
- Therefore, it can continue its growth with a pullback to a broken down structure, first to the top of the channel and then to the supply area.
💎 In addition, it should be noted that if the range of $25 downwards is broken and stabilized, the bullish scenario will be invalidated.
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BINANCE:ZECUSDT
SOLUSDT : BULLISH W-Bottom PatternThe daily timeframe for Solana has revealed a key pattern - the W Bottom pattern.
If this pattern plays out, a healthy correction of around 16% is likely before another impulse wave(s) up.
It's important to note that according to this pattern, for the immediate/short term we will likely go lower to retest the key support zone, which is the W Neckline. But for the near/long term, this is a bullish pattern.
The one condition for this pattern, is that the daily candle cannot CLOSE underneath the support zone / neckline of the W .
Don't miss yesterday's update on why ALTSEASON 2.0 is upon us:
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COINBASE:SOLUSD
SOL Gol📊 Analysis by AhmadArz: SOLUSDT Technical Analysis Using Price Action
This analysis utilizes the Price Action method and descending channel lines. Here is a detailed explanation of the SOL/USDT trading signal, which can help you determine appropriate entry and exit points in your trades.
🔍 Entry Point:
The entry point occurs when the price breaks above the descending channel line (blue line) and confirms with a strong bullish candle. Typically, this happens with a significant bullish candle closing above the channel line. Therefore:
Suggested Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
🛑 Stop Loss:
The stop loss should be placed at a level where, if the price reaches it, the likelihood of further decline is high. This point is usually below strong support areas. Therefore:
Suggested Stop Loss: 120.80 USDT (below the lowest swing) 🚫
🎯 Take Profit:
After entering the trade, setting price targets is crucial to optimize your profit. In this analysis, several Take Profit (TP) levels are identified, each with its own rationale:
TP1: 127.72 USDT 💰
Reason: This level is close to the entry point and serves as the first short-term target. The goal is to lock in short-term gains and reduce risk.
TP2: 142.43 USDT 🔄
Reason: This level is near the previous descending trendline, which may act as resistance. This is a suitable target for a mid-term exit.
TP3: 149.20 USDT 🚀
Reason: This level is a strong previous resistance where the price might react. Breaking this level could lead to further upward movement.
TP4: 157.55 USDT 📈
Reason: This level is near a key resistance where the price has reacted multiple times before. Targeting this level indicates a high likelihood of price reaction.
TP5: 163.98 USDT 📊
Reason: This level is near the highest price level in the recent period. If the price reaches this level, it is likely to stabilize.
TP6: 174.65 USDT 🌟
Reason: This level is a long-term target and the highest resistance level in the analysis. Reaching this level could indicate further potential for higher prices.
📊 Signal Story:
This analysis shows that SOL/USDT is moving within a descending channel. If the price can break above the descending channel line and confirm with a bullish candle, it is likely to move towards higher targets. Therefore, the suggested entry point is around 127.90 USDT. 📉
The stop loss is placed below a strong support area to prevent significant losses if the price moves downward. The Take Profit (TP) targets are specified in sequence, which can be used to set exit points. 🚫
💡 Key Points:
Entry Point: Around 127.90 USDT (after confirmation on the first 4-hour bullish candle) 📈
Stop Loss: 120.80 USDT (below the lowest swing) 🚫
Take Profit Targets (TP):
TP1: 127.72 USDT 💰
TP2: 142.43 USDT 🔄
TP3: 149.20 USDT 🚀
TP4: 157.55 USDT 📈
TP5: 163.98 USDT 📊
TP6: 174.65 USDT 🌟
🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀 Please boost and 💬 comment to share your thoughts with us!
Alikze »» AVAX | Head and shoulders pattern🔍 Technical analysis: Head and shoulders pattern
- It is moving in a downward channel in weekly and daily time.
- In the previous post , it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure.
- According to the current corrective structure, a head and shoulders pattern is formed.
- Also, due to the failure of the neck line, any return can be a pole back to the broken structure.
- So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618.
💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone.
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BINANCE:AVAXUSDT
SOL Technical Analysis: Navigate Price Levels for SuccessThe chart shows three major areas of support and resistance: Green zone at $118.39 - $128.52, Blue zone at $198.74 - $210.55, Yellow zone at $153.09 - $155.57, and two levels at $184.41 and $163.20. These zones and levels are important because they indicate zones where the price has previously seen considerable buying or selling pressure.
The Green zone has served as a key support area. The price has previously experienced significant purchasing activity in this area, resulting in substantial reversals. This means that if the price fell to this level again, it would likely face significant buying pressure. The Blue zone at $198.74 - $210.55, is a strong resistance area. Historically, the price has been facing selling pressure in this zone, making it an important region to monitor for potential reversals or breakouts.
Currently, the price is on the Yellow support zone. The price is consolidating between resistance at $163.20 and this yellow zone support. A clear break and close above the resistance at $163.20, especially if supported by increasing trading volume, may indicate a bullish move. A descending trendline from previous highs also indicates that the price is in a bearish trend. A breakout above this trendline, along with a breach of the resistance level, would be a strong bullish signal, indicating a possible shift from a bearish to bullish trend.
The chart's key level and zones give an overview for predicting future price movements. A bullish scenario might involve a break out of the resistance level at $163.20 and the descending trendline, resulting in an upward trend toward the next resistance level at $184.41 and if the momentum continues we might see the price move towards the blue resistance zone.
A bearish scenario would be indicated by a failure to hold the yellow support zone and a further drop toward the green support zone. Monitoring these important levels and the related volume will provide useful information about the future price trend
Sasol short about to get stopped out - Ready for a swing longTrades don't always work out.
The trick is to prepare for not only the stop loss to be hit but also the counter action immediately afterwards at times.
So in this case, the false break below lead to a rounding bottom and following another higher rounding bottom
If it breaks above, we will be stopped but the next trade will be imminent for a long position.
This is how we do it as active or hyper traders :)
R207.16 - New target upside
SOLANASolana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
CAN THIS HAPPEN?!Playing around with some #ElliotWave Ideas... Lets see how it plays out!
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Trade Setup: SOL Long PositionMarket Context:
The upcoming SOL ETF and the Solana Breakpoint event in 6 weeks are key narratives.
Solana's ecosystem is showing strength and resilience even when the market is declining.
Trade Parameters:
Entry: Enter a long trade around $155.
Take Profit:
First target: $185
Second target: $205
Stop Loss: Set at $146
📊 Watch the price action and adjust the trade based on market conditions. Given the potential for market narratives to drive momentum, it's important to stay informed about any developments related to the SOL ETF and the Breakpoint event. #SOL #CryptoTrading #TradeSetup 🎯
Solana Price Explosion? Here’s What the Charts Say About SOL!BINANCE:SOLUSDT has shown significant volatility in recent trading sessions, with closing prices fluctuating between $175.4 and $184.49. This movement indicates a market that is both active and potentially ready for further developments.
Solana Price Technical Overview
The immediate resistance level for SOL is at $181.39, which is crucial as the price has approached but not yet breached this point. Beyond this, the next significant resistance stands at $187.25. On the downside, support is present at $175.3, with stronger support levels identified at $169.12 and $168.29. These levels will be critical in determining the price's ability to either consolidate or trend further.
Exponential Moving Averages (EMAs) provide insight into the market trend. The 9 EMA is currently above the 20 EMA, indicating a short-term bullish trend. This suggests that the recent momentum could continue pushing prices higher, especially if the price breaks the immediate resistance at $181.39.
Meanwhile, the Moving Average Convergence Divergence (MACD) is also painting a bullish picture. The MACD line is above the signal line, with positive histogram values, although the histogram is showing signs of potential weakening. This indicates that while the bullish momentum is currently in play, traders should be cautious of a possible slow down.
At the same time, the Relative Strength Index (RSI) has shown fluctuating values, peaking at overbought levels around 80.77 and recently cooling down to 66.33. This decline suggests a potential retracement or consolidation phase before any further upward movement.
Trading Strategies: Entry and Exit Points
For long positions, traders might consider entering around the current support level of $175.3, with an initial target at the resistance of $181.39. If the Solana price breaks above this level, the next target would be $187.25. Setting a stop loss just below $175.3 can help manage risk.
Short traders, on the other hand, might look for entry opportunities if the Solana price fails to break above $181.39 and shows signs of reversal. A target for short positions could be around the stronger support levels of $169.12 and $168.29, with a stop loss slightly above $181.39 to minimize potential losses.
SOL's technical indicators suggest a cautiously optimistic outlook, with bullish trends visible in the short term. However, the fluctuating RSI and the potential weakening in the MACD histogram advise traders to remain vigilant. Key levels will play a pivotal role in the next moves, and strategic entries and exits will be essential for managing trades effectively.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
SOLUSDT History repeating?SOLUSDT technical analysis update
The SOL chart appears to repeat the same pattern in this bull cycle. In the last bull run, SOL accumulated for 170 days before the first phase of the bull run. After the accumulation box breakout, the price surged by over 1200%. Then, the price formed a flag pattern before the second phase of the bull run, resulting in a further 700%+ increase.
Now, the price is repeating the same pattern in this cycle. After accumulating for 300 days, the price broke out of the box and went up by 550%+. The price is forming a flag pattern and is about to break it. If the price breaks the flag pattern, we can expect a 200%-400% move in SOL.
Regards
Hexa