price has formed a nice descending triangle and the market is kind a bearish for few days and no sentiments are changing
after seeing some stabilisation in btc
i feel that there will be downfall in sol but not much will have to see what happens
if it dips i am going to fill my bag on this eth killer
have a good day
happy trading
SOLANA
On daily Chart, Rounding bottom formation with descending triangle BO
& Also Resistance level BO and now retracing
With all these seems to bet on Uptrend
If 120 levels sustain then buy for targets of 135-150 in short term
Chance are thr it may further will correct upto 100-110 levels, good to add on that levels also
If downtrend continues then exit at...
Upon observing we can count five waves up from the inception and a corrective fall forming LL LH from the top. The recent price action suggests that the correction is completed and the crypto is ready to move into the strongest phase of the cycle. If our assumption is correction then the low of 75 is going to be intact and the crypto will be moving up higher in...
SOL is now heading towards the major support of the $81 area. SOL need to hold this support level at all cost otherwise we see more downward movement towards $65 support. The first resistance is $88 and $97 level.
accumulation zone / DCA
#SOL made a pretty good swing highs and lows and recently rejected from a strong level of resistance around $104 - $106. Currently, price dumping as #BTC is also taking correction for a bit. Minor support in #SOL is around $92 - $93. For a buying area you can accumulate below it and below $83 ( in parts). Use proper stops below the support/ previous swing low.
Not an financial advice
Its my first idea abt solana
If anything wrong about my analysis please tell me
Like if u like
Green-weekly S/R
Yellow-monthly S/R
Solana has given a breakout on 1 hr timeframe from here it can go above to hit its first target of 145 and after that second target of 148 we can put stop loss of 140.5
With the exemption of a few selected cryptocurrencies in the green on Friday, the entire cryptocurrency market continued to wade in deep-sea waters, unable to stay afloat. Solana’s downside potential was impossible to contain at $150 and $144, resulting in another flash drop below $140. Meanwhile, TRON had slipped below $0.07 bringing the accrued weekly losses to...
I think solana is capable of reaching 208-209 level looking at the 4hr time frame as it is in an ascending channel.
On the daily chart, although it is doing fine having passed the support 194.27, low volume is still a concern. If we see some volume pump, sol can reach the 218-220 level according to fib retractment.
P.S.- I am a very novice trader who has started...
After the recent fall , Solana is at the daily demand zone followed by 50EMA and trendline confluence . A good buying zone would be around 197.5 , SL below the hourly low at 176
#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Solana Just Gained New ATH 219. 05 $.
#2 Solana Is now moving in an ascending parallel channel .
#3 Three Important Supports are:-
Support 1 = Around 152 $
Support 2 = Around 180 $
Support 3( Or may be resistance...
FTX:SOLUSD
Can give good move on either side.
Simple trade setup is mentioned on chart.
Please refer below charts.
If we apply FIB RETRACEMENT on recent uptrend then we can see that it took good support from 61.8% level range.
#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Solana Just Gained New ATH 219.05 $.
#2 Solana Is now moving in an ascending parallel channel.
#3 Three Important Supports are:-
Support 1 = Around 152 $
...
Solana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is...
As you can see the Solana is gonna hit its all-time High. For reference check out the Fibonacci retracement path of SOL.
Next target 216$, If this point breakout, SOL could stand to create a new bull run path
![SOLUSD: Simple Trade Setup | SOLANA | POSITIONAL [crypto]](https://s3.tradingview.com/w/wRMhtUCV_mid.png "Simple Trade Setup | SOLANA | POSITIONAL [crypto]")
