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SOLUSD trade ideas

Solana Not DeadI am still long Solana and various Solana related memes. 1. Crypto is absolutely insane. You have to be sized accordingly, just like everything else in trading/investing (ballz f*cking deep). I am watching the current intermediate downtrend for a break to the upside and another test of the upper high to high trendline. I think it breaks that in the coming weeks as Solana pushes to new highs. That is unless Solana meme trading degens keep getting farmed and rugged for all their worth. 2. People talk about Solana flipping Ethereum. I think it's possible, but I think Ethereum will move down more and Solana up as gas fees between the chains find an equilibrium. if the ETH holders fight it, they will lose much more than they think possible. 3. Overall, I am bullish on crypto going into another bubble/meme gambling super-cycle fueled by cross-platform bridging between chains. Multichain interoperability. We are seeing it clearly already and I think it will get crazier at some point. 4. As a reformed Crypto cynic/hater, I came to love crypto for how BTC was used to repatriate USD from the Russian Stock Exchange outside of the SWIFT system after Russian sanctions. I don't care if the CIA created Bitcoin and it is tracked completely. I am still bullish BTC for its legacy importance, high value, and transferability.
COINBASE:SOLUSDLong
by NickTudormore
Solana: Reconsideration?According to our primary expectation, Solana should now sell off even more strongly and head for our blue Target Zone ($109 – $51.20), where we expect the low of the same-colored wave (ii). Traders could open long positions within this range, placing stops about 1% below the lower edge. With the low in place, a move back above the resistance at $210.03 is on the cards. However, with the price narrowly missing the Zone in the past, we must also consider the option that the low has already been established. This scenario (37% likely) will come into play on a break of resistance at $210.03.
BINANCE:SOLUSD
by MarketIntel
SOL Ascending Wedge / Weekly Chart As you can see, the Solana price has been forming an ascending wedge formation since May 2022. This is a really long-term ascending wedge that has been going on for over two years. So it seems likely that it will continue to work. What Awaits Us? When we look carefully at the weekly candle contacts, we can say that the candle contacts in the lower and upper regions of the formation are successful. In the last 5 months, the upper region of the formation continues to work as resistance and there are 2 clear retest contacts after the $210 region. After the second retest contact, the price gave a voluminous red candle and then gave a doji candle. With these, the probability of advancing to the lower region of the formation in the coming period seems higher for now. The lower region shows the range of $67 - $72.
KRAKEN:SOLUSDShort
by huecoshunter
2
SOLANA Price Target $201.65 confirmed by whales Blue wave bull plotter has reached Solana's blue body candle top wick which means BULL will activate when it's ready. Smart Money has rejected prices of $23.82, $63.94, and $88.84. They decided to move up their trend to $201.65 My Smart Money OBV red trend wave shows a history breakout and has made the breakout as of now by crossing OBV MA and confirmed by BULL price prediction to $201. View my white arrows which point out to MA guidance and candlesticks have respected its boundary SOLANA reads INVERSE at 230%. I did a price range measurement which reads the price to reach $481.23 in the near future.
COINBASE:SOLUSDLong
by The_ForexX_Mindset
5
Cup and Handle on the 1W Hi Folks, it's been a while since my last post, but I've been lurking in the background watching the bear market of crypto and riding it out while waiting for the BTC halving to come in. Well, today, and after the flash crash, I'm writing to share, what many may have already seen, which is the Cup and Handle formation occurring on the 1W SOL chart. Speculatively, a breakout could be coming as the handle slowly comes to a close, although due to the nature of our current global climate, anything is possible; but should this cup and handle complete it's formation, the upside could be quite exciting. Stay safe, DYOR and happy trading
COINBASE:SOLUSD
by Cryptoslothx
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area. However, in the last 2 days, the price has reached the upper area of ​​the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area. But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
GEMINI:SOLUSD
by huecoshunter
SOL Current Downtrend Channel Placed Itself Just Above Last HighThe red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area. However, in the last 2 days, the price has reached the upper area of ​​the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area. But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
GEMINI:SOLUSD
by huecoshunter
Solana 100 w / 200 w golden crossover imminent?solana / usd binance, 1 W , auto log scale Last weekends panic dump found support on the 50W SMA. There is a 100 W / 200 W golden cross incoming in the next two weeks. We are reaching the end of the bull pennant that began forming in feb/ march. Although, there are new highs and new lows that could arguably redraw this pennant into a flag. If its a flag and not a pennant we could go sideways for longer in the flag formation. I personally think that more sideways movement is better, coiling the spring and (if it breaks upwards) a larger and longer bull market. But if it is a pennant, and combining with the potential golden cross it seems like that's a meaningful coincidence likely to breakout upwards. I say upwards because the trend is your friend. Also, the same 100 w / 200 w crossover is happening on bitcoin, at pretty much the same intersect.
BINANCE:SOLUSDLong
by tyler.guerrieri.5
1
Solana: The High-Performance Challenger to Ethereum Solana, a high-speed blockchain platform, has emerged as a formidable competitor to Ethereum, the industry behemoth. By offering significantly faster transaction speeds and lower fees, Solana has attracted significant attention from developers and investors alike. One of the most compelling factors driving Solana's growth is its impressive performance metrics. The blockchain boasts a significantly higher transaction throughput compared to Ethereum, enabling it to handle a larger volume of transactions without compromising speed or cost-efficiency. This advantage is crucial for applications requiring rapid and scalable operations, such as decentralized finance (DeFi) and gaming. Furthermore, Solana's Total Value Locked (TVL) has been steadily increasing, indicating growing confidence in the platform's capabilities. As more projects and users migrate to Solana, the ecosystem becomes more robust and attractive to new participants. This virtuous cycle has the potential to accelerate Solana's growth trajectory. Experts in the cryptocurrency industry are increasingly bullish on Solana's long-term prospects. Many believe that the platform's technological superiority could enable it to surpass Ethereum as the dominant smart contract platform. While Ethereum has a substantial first-mover advantage and a vast developer community, Solana's performance advantages and growing ecosystem are challenging this dominance. Recent developments in the cryptocurrency market have further fueled optimism about Solana's price appreciation. The approval of Bitcoin ETFs by regulatory bodies has injected a wave of institutional capital into the crypto market, potentially benefiting all cryptocurrencies, including Solana. Additionally, the anticipation of an altcoin season, a period of heightened interest and investment in altcoins, could lead to significant price gains for Solana. However, it's essential to approach any investment with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Solana, like any other cryptocurrency, faces risks and challenges. While the platform has demonstrated impressive growth, it's crucial to conduct thorough research and consider the potential downsides before investing. In conclusion, Solana's combination of high performance, growing ecosystem, and positive market trends positions it as a strong contender in the blockchain space. While the competition with Ethereum is fierce, Solana's ability to deliver on its promises could propel it to new heights. As always, investors should exercise due diligence and carefully evaluate their risk tolerance before making investment decisions. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
COINBASE:SOLUSDLong
by bryandowningqln