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SOL

Trade Setup: SOL Long PositionMarket Context: SOL is currently trading at resistance, and a small retrace is expected, providing a better level to enter into a trade. Trade Setup: Entry: Enter a trade at a retest of the $145 - $150 area of support. Take Profit: First target: $163.50 - $176.00 Second target: $188.50 - $200.00 Stop Loss: Place the stop loss just below $135 to allow for some volatility. 📊 Keep an eye on the price action and be ready to adjust the entry based on market conditions. #SOL #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
$SOL Long- A Fractal Study on $SOLETHPosting this chart for later street cred. SOL/ETH pair is the next ETH/LTC pair CRYPTOCAP:ETH has vastly outperformed CRYPTOCAP:LTC since ETH burst onto the scenes in 2016. CRYPTOCAP:SOL has vastly outperformed CRYPTOCAP:ETH since SOL burst onto the scenes in 2020. We are in midst of the next parabolic run, ~0.15 is the target for this BINANCE:SOLETH pair's top this cycle. A study on fundamentals, cycles, fractals... common sense. CRYPTOCAP:SOL / CRYPTOCAP:ETH - @CryptoCurb
Long
by CryptoCurb
Alikze »» SUI | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel on a daily basis. - Currently, there is demand at the bottom of the descending channel in the green box. - If it can break the range of 0.78, it can continue its growth with a pullback to the support box until the supply zone. - But if the green box area breaks down, the correction will be ongoing and should be re-examined and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SUIUSDT
Long
by alikze
SOL's situation+next targets and expected movements.BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
SOL (Solana): Descending TriangleTrade setup : Price has regained 200-day moving average, which is a sign of long-term Uptrend. Swing Traders: we would be buyers on pullbacks near $125-$135 support, which could be an attractive swing trend entry, with +30% upside to $160. Stop Loss (SL) level at $110. Trend Traders: wait for a breakout from Descending Triangle, ideally above $160 resistance, which could be followed by an upswing to $200. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Up, Medium-term trend is Neutral and Long-term trend is Neutral. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $125.00, then $100.00. Nearest Resistance Zone is $160.00, then $200.00.
Long
by altFINS
Bitcoin Outlook 2024It's been a while since I posted something on TradingView, mostly because there has been nothing going on for months now. However, I believe we are coming into a major pivot point for Bitcoin. In the past, when Bitcoin consolidates at previous all-time highs, it's a strong sign that we are entering a Bitcoin bull market. But this time, it seems, at least for now, that the tide has turned to the downside. The main chart above shows the most important macro trendline to follow right now, with multi-year support and two major cycle lows put in on this trendline. If we take a look at my lay lines and Fib time zones, you can see why I think the 2024 outlook is going to be more downside. A new time cycle will start sometime around December 2024, which matches with the lay lines also. A very important Time Fib, which I have been using for years, starts this month. As you can see, it is powerful at predicting pivot points. Unfortunately, last year it failed for the first time in predicting anything, so let's see what happens this month. As you can see from the model, Bitcoin has failed to close above the last band. This last band shows the last phases of Bitcoin cycles. MACD BEARISH CROSS 2W The MACD has crossed bearish on the 2W timeframe five times. One out of the five times it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%. It is important to note that even though we have crossed bearish on the MACD, we need to wait for it to confirm in 10 days as of this post, which would be the close of this current 2W candle. STOCHASTIC RSI We have officially gotten a sell signal on the monthly. Two moving averages have closed under the 80 level. In 2021, this again was a false signal; we rallied for months while moving averages kept moving down. Mayer Multiple Band Completely broken down from the yellow band. The next band is at 43k. My indicators This shot is showing Heikin Candles. As you can see, it's pretty good at calling tops , its not perfect , but considering this is a real-time signal, it is very powerful. This signal will confirm in 27 days, though. Same shot but using Japanese candles. As you can see, we have two sell signals up here on a monthly timeframe. As soon as I saw the second one, I knew already that the outcome was most likely down. CME GAP STILL OPEN Let's not forget that the CME GAP at 20k is still open. That is a 60% drawdown from where we are now, which would take us down to 20k where the CME GAP is, which is in line with the 2W candle MACD bearish cross average drop. Conclusion There are so many sell signals right now, and these sell signals are on monthly and 2-week timeframes. We are talking about huge momentum here. My view is we go down for the rest of the year until December 2024, when rate cuts come in and the bull market starts until September 2025. After that, blood. Anything is possible. A black swan event would take it down to close the CME GAP most likely. Remember, anyone who was here in March 2020, we dropped 63% in about 20 days.
INDEX:BTCUSDShort
by Sporia
3
Crypto Market Weekly Analysis: BTC, ETH, SOL, BNB, BTC dominanceWelcome to our weekly analysis of the cryptocurrency space. █ BTC/USDT The BTCUSDT chart shows Bitcoin trading within a descending channel, with recent price action bouncing off the lower boundary of this channel, indicating potential support around the $53,000 level. The RSI indicates bullish divergence, suggesting a possible trend reversal or a strong bounce from this support level. Additionally, the Volume Profile on the right shows significant trading activity between $68,000 and $60,000, indicating key resistance levels above. █ BTC.D The Bitcoin dominance chart shows Bitcoin dominance forming a rising wedge pattern, which typically indicates a potential bearish reversal. The RSI is exhibiting a bearish divergence, suggesting weakening momentum and a possible decline in dominance. A breakdown from the wedge could target a significant decrease, aligning with the projected target area shown on the chart. █ ETH/USDT The ETHUSDT chart shows Ethereum trading within a descending channel, with recent price action rebounding off the lower boundary, suggesting potential support around the $1,850 level. The RSI is showing signs of a potential bullish divergence, indicating a possible trend reversal or a strong bounce from this support. The Volume Profile indicates significant trading activity between $3,200 and $3,600, suggesting key resistance levels above. █ ETH/BTC The ETH/BTC chart suggests upward action for the RSI and bullish patterns with a primary target of 0.06178 BTC and a secondary target at 0.06861 BTC. This follows the Bitcoin dominance bearish sentiment meaning more capital would flow into altcoins and Ethereum being their catalyst. █ NASDAQ Bitcoin has often been correlated to stocks , not that it's a good thing, however since Bitcoin's ATH in march we've seen stocks keep rising while Bitcoin ranging with around 30% downside from ATH. Nasdaq is at ATH right now and Bitcoin is not. The RSI suggests that stocks are overbought but not indicating a divergence yet. █ BNB/USDT The Binance coin is currently down 28% from its ATH after bouncing up +10% from its middle point of 450 $. I'm still bullish as long as the shift to altcoins scenario continues and RSI remains in the bullish area above 50. █ SOL/USDT Solana shows a bullish wedge and multiple bottoms of its 3 months support at 127 $. RSI is printing a bullish divergence. My primary target is 189 $ and 2nd is 210 $. █ GAMING coins EGLD has been outperforming Bitcoin and is the top performing gaming coin of the week. █ Top cap coins The biggest coins in market cap compared to Bitcoin shows Solana in first and AVAX in second. █ AI coins Artificial Intelligence coins compared to Bitcoin: INJ arrives first and NEAR second, but the global AI space isn't performing remarkably well. █ MEME coins Ending this analysis with meme coins , we can't ignore the fact that BONK is hard outperforming Bitcoin in first position. Thanks for reading until here, I hope I can catch the time to make another analysis next week.
by cyatophilum
5
BTC - 4H Best Sell Opportunity#BTCUSDT is currently trading within an ascending channel that is often recognized as a bearish flag pattern, indicating a potential continuation of the downtrend. The price is approaching the top of this channel, which coincides with a significant resistance zone. This confluence of resistance levels provides a strategic entry point for short positions, offering a logical stop loss placement just above the resistance zone. The bearish flag pattern suggests that the upward movement within the channel is a temporary correction before the downtrend resumes. Additionally, there is a notable daily timeframe support zone that has been broken and now acts as a resistance after a period of consolidation below it. This transformation from support to resistance further strengthens the bearish outlook. As #BTCUSD tests these resistance levels, the probability of a downward move increases, making this an ideal setup for traders looking to short Bitcoin. The confluence of technical factors suggests a high probability of BTC resuming its downward trajectory from the current levels.
Short
by Sober_Trading
4
Solana Price Breakout Alert: Levels Every Trader Must Watch!The latest technical analysis for BINANCE:SOLUSDT on the 4-hour chart reveals intriguing insights into potential movements and trading opportunities. With a recent close of $142.09, SOL's performance is closely monitored by traders seeking to capitalize on short-term trends. The immediate resistance level of $142.12 is crucial for determining the next upward movement. If SOL breaks above this point, the price could test higher resistance at $142.68 and subsequently at $143.05. These higher resistance levels are significant markers for bullish traders. A sustained break above $143.05 could signal a strong bullish trend. On the downside, the immediate support level to watch is $142.03. If the Solana price fails to hold above this level, it may fall to lower supports at $141.8 and $141.55. These levels provide additional support, potentially preventing further decline. A breach below $141.55 could indicate a bearish trend, inviting further downside risk. Exponential Moving Averages (EMAs) indicate a generally bullish sentiment. The 9 EMA, currently around $141.47, is above the 20 EMA, approximately $140.64, signaling an upward trend. The convergence of the EMAs suggests that SOL is maintaining bullish momentum, although traders should watch for any signs of divergence that may indicate a shift. MACD analysis shows the MACD line consistently above the signal line, suggesting bullish momentum. The histogram's positive values reinforce this sentiment, although a narrowing histogram indicates that the bullish momentum might be weakening. Traders should monitor the MACD closely for any potential crossovers that could signify a reversal. Meanwhile, the Relative Strength Index (RSI) fluctuates around the 50 mark, currently at 54.31. This neutral position indicates a balanced market without extreme overbought or oversold conditions. A move above 70 could signal overbought conditions, suggesting a potential pullback, while a dip below 30 could indicate oversold conditions, presenting a buying opportunity. For long trades, a confirmed break above $142.12 could be a good entry point, aiming for resistance levels at $142.68 and $143.05. Traders should consider exiting at or near these resistance levels, particularly if there are signs of price rejection or weakening bullish momentum. For short trades, if SOL falls below $142.03, it could trigger short positions targeting the next support levels at $141.8 and $141.55. Exiting short trades at these support levels may be prudent, especially if the price shows signs of stabilization or reversal. In conclusion, the Solana price presents a mixed yet cautiously bullish outlook on the 4-hour chart. Traders should pay close attention to key support and resistance levels and monitor technical indicators for signs of momentum shifts. As always, prudent risk management and thorough analysis are essential for successful trading.
by Ecoinimist
Solana Price Might Explode as a Breakout Pattern EmergesThe Solana price managed to record a slight gain over the past 24 hours to trade at $137.33 at press time. Despite the slight uptick, the SOL price is still in the red on the weekly and monthly timeframes. A symmetrical triangle has formed on the 4-hour chart for the Solana price. This specific pattern suggests the altcoin might make a strong move soon. Although the triangle pattern does not give any clear indication of which direction SOL could move in, the crypto is trading near the upper boundary of the chart pattern. Should the Solana price break out towards the upside, it could attempt to flip the resistance level at $144.30 into support. Continued buy volume should the crypto overcome this threshold might then lead to SOL climbing to as high as $151.45 in the short term. On the other hand, a downside move could lead to the altcoin losing the $136.45 support. Thereafter, the Solana price might be at risk of plunging to $127.70 and possibly fall to $121.65 if bears keep exerting pressure on the crypto’s price. Technical Indicators Sending Mixed Signals Technical indicators on SOL’s 4-hour chart are currently sending mixed signals. The Moving Average Convergence Divergence (MACD) indicator shows that SOL entered into a short-term positive cycle in the last couple of hours. This is evident by the MACD line breaking away above the MACD Signal line. However, the Relative Strength Index (RSI) warns that sellers are on the verge of gaining an upper hand against buyers on SOL’s 4-hour chart. With the RSI on the cusp of falling below its Simple Moving Average (SMA) line, bears could very well take control of the Solana price. This could lead to a drop below the immediate support at $136.45. 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.
by Ecoinimist
1