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SOL / TetherUS

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SOLUSDT trade ideas

Solana RSI & MaCD, Jan. 2024 Baseline &, 2-3 Weeks Bounce =Drop!Let's look at these two indicators mentioned in the title but first let's consider a simple price dynamic; A two to three weeks bounce then drop! Chart: This week is only starting, soon to be halfway through. Another week without major bullish action increases the risk. And a third week with weak price action fully supports the bears. 👉 After two to three weeks of a bounce... Then comes a major drop! I believe this is the dynamic is playing out right now. Also consider the "baseline" price level. This is the price at which Solana traded back in January 2024. This level is being met by all the altcoins. Ethereum already visited it and hundreds and hundreds of other altcoins moved below this baseline level in this 2024 corrective phase. This one is important and highly relevant as it is more than likely this level will hit as support (or lower) in the coming weeks. You are truly appreciated. I thank you for reading... Let's continue. ➖ Solana's Weekly RSI Trading on the bullish zone. It doesn't reveal much. It is neutral and supports any outcome. Can be up or down. The RSI is not clear. It is in a bearish trend though since December 2023; lower highs and lower lows. ➖ Solana's Weekly MaCD The MACD shows a very strong and clear downtrend. A very strong bearish bias. It points lower and is moving lower. These are simple signals but they might help you develop a clearer picture as to the current market conditions. I salute you and offer my deepest blessings to you. I am wishing you the best! Namaste.
Short
by AlanSantana
4
Sol-Usdt 4h chart Hello everyone, I would like to invite you to a quick review of SOL/USDT, taking into account the 4-hour interval. As you can see, the price moved up from the local downward trend line, but currently there is a downward movement, staying above the trend line. Moving on, we will move on to determining support and here the price is currently bouncing off the support at $142, then we have strong support at $130, and then a very strong support at $110. Looking the other way, you can see how the resistance at $162 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $176, and further towards the very strong resistance at $193. The RSI indicator shows an ongoing trend of recovery after the increase, but there is room for a renewed upward movement.
by cryptodailyuk
Solana back to $130 very soon.Am waiting for my entry confirmation to short solana back to $130. Am very confident about this trade working out. The structure is clear and it checks the box according to my trading plan so the odds are definitely in my favor. Trade might give 4-6 RR which is great depending on the entry. A stop above $148 area should be alright. Last week wasn't very great for me, upon review I realized my oversight, it all boils down to not following my trade plan 100% so the main focus for this week and going forward is to ensure the plan is followed else am not gonna get those amazing results I've been getting in prior weeks. Target for this trade is $130...though depending on the price momentum I might decide to exit earlier rather than holding through another short term correction before the target...or maybe I just take partial. I'll update here.
Short
by Filnft
6
SOL (Solana): Sideways ChannelTrade setup : Price remains in an Uptrend, trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $115. Learn how to trade Sideways Channel in Lesson 6 of our Trading Course. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance. Learn to trade Sideways Channel in Lesson 6. Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up. Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $120.00, then $100.00. Nearest Resistance Zone is $160.00, then $190.00.
Long
by altFINS
SOLANA → Correction to the liquidity zone before the rally ↑BINANCE:SOLUSDT enjoys high interest from both a fundamental and technical perspective. Bulls overcome key resistance, but the coin follows bitcoin and there are nuances.... Solana's growth is likely to continue because it is well positioned to capture the next wave of cryptocurrency adoption. Likewise, the coin is also strengthening as the third major crypto asset after Bitcoin and Ethereum. Investors evaluate such positive factors as: high activity amid the BTC correction, more meme coins (weird, but okay), growth in overall capitalization and DEX volumes on the network, and low commissions. This whole conglomerate suggests that Solana could be the next crypto-ETF to launch. Technically, we should pay attention to the nuance between Mt.Gox and BTC, accordingly, the market may slip to support until the situation stabilizes before further growth, which can be influenced by ETH-ETF. Resistance levels: 162.45 Support levels: 140.0 133.8, 122.3 The market may let the correction continue due to Mt.Gox, which activated BTC transfers after a test transaction today. And since SOL actively follows BTC, the moves could be correlated. The bullish trend will continue after the situation stabilizes. Rate, share your opinion and questions, let's discuss what's going on with SOL ;) Regards R. Linda!
Long
by RLinda
10