Solana longNot an financial advice
Its my first idea abt solana
If anything wrong about my analysis please tell me
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Green-weekly S/R
Yellow-monthly S/R
Solanausdt
Breakout trading on Cryptocurency (solana) 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
Solana Price Prediction: SOL’s Recovery Depends On The 200 SMAWith 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 $11.5% according to CoinGecko.
Solana Briefly Holds The 200-day SMA Support
Investors have quickly come to the realization that the downside potential was far from being exhausted. A break under $144 catalyzed more losses as people offloaded more of the token, perhaps to invest in more stable assets now that COVID Omicron was spreading like wildfire across the world causing mayhem.
The 200-day Simple Moving Average (SMA) was in line to provide SOL with the much-needed support to possibly prevent losses from stretching further. As elucidated in the daily chart below, Solana’s downtrend has been following a descending parallel channel.
Since the middle boundary already gave in to the overhead pressure, the focus shifted to the lower limit of the channel. If the 200-day SMA caved, this line of support would come in handy but if push came to shove, SOL may break down below $124 and head to $100, respectively.
Solana looks bullish in the short termI 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 very recently. I might be very wrong with my analysis. Any help in the form of advice, knowledge, criticism is welcome. Please let me know what you think about this. That will only help me get better.
Thank You
SOLUSDT daily demand + 50EMAAfter 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
Solana's Next Move? What Should we do?We will have to wait to see how candle touches the resistance at $250
Solana Analysis Going Accurate and 15% returns till now. #-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 in future) = Around 187 $
ATH ( High Resistance Zone ) = 219. 05 $
## Technical analysis:
. SOLUSDT is in an Ascending Parallel Channel .
. The price is above the 50 Ema and It is also Acting as a strong Support.
1. Retesting on Point A is very Important At Support 3.
2. Support 3 Is already Strong ( Also it was Surpassed with a large volume ).
3. All Time High is a high resistance zone so we may see a pullback from 219.05$ And then we have to see How Chart Goes on.
4. High Chances are it ATH is broken with large volume then it will retest At Point C. And If Retesting Is successful, We can go for long.
5. The vertical width between first touch on upper trend line and first touch of lower trend line is around 66.53 $ ( Almost 35%) That means
We can take Minimum 35% profit if rally starts at Point C.
Take Profits:
TP1= @ Around 240 $
TP2= @ Around 260 $
TP3= @ Around 300 $ ( Around 35%, Main Target)
*Buy Zone 220-230 $, Stop Loss AT 205 $.
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Simple Trade Setup | SOLANA | POSITIONAL [crypto]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.
Solana About to get new All Time Highs.#-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 in future) = Around 187 $
ATH ( High Resistance Zone) = 219.05 $
## Technical analysis:
. SOLUSDT is in an Ascending Parallel Channel .
. The price is above the 50 Ema and It is also Acting as a strong Support.
1. Retesting on Point A is very Important At Support 3.
2. Support 3 Is already Strong ( Also it was Surpassed with a large volume).
3. All Time High is a high resistance zone so we may see a pullback from 219.05$ And then we have to see How Chart Goes on.
4. High Chances are it ATH is broken with large volume then it will retest At Point C. And If Retesting Is successful, We can go for long.
5. The vertical width between first touch on upper trend line and first touch of lower trend line is around 66.53 $ ( Almost 35%) That means
We can take Minimum 35% profit if rally starts at Point C.
Take Profits:
TP1= @ Around 240 $
TP2= @ Around 260 $
TP3= @ Around 300 $ ( Around 35%, Main Target)
*Buy Zone 220-230 $, Stop Loss AT 205 $.
If You Loved This Analysis ❤️ Hit the LIKE button
Drop some feedback below in the comment !
Trade well. ❤️
SOLANA (SOL) USDT PERPERTUAL PRICE ACTION ANALYSISSolana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is making higher highs but RSI is contradicting.
The XABCD bearish Crab pattern sets us a target of 278.
Trade Setup
1)Buy around 178 and put a stop loss below 137.
2)Buy on a pullback after breaking the supply zone/PRZ.
Keep trailing until 278. Expect strong resistance here.
Happy trading :)
This is just for educational purposes.
Solana Bull Run : Gonna hit its third target of 215 in few timAs you can see the Solana is gonna hit its all-time High. For reference check out the Fibonacci retracement path of SOL.
Next target 216$, If this point breakout, SOL could stand to create a new bull run path
200 soon for SOL?SOL has been following 7% increase for 2 days now, like in its previous bull run, it might increase daily at 7% or its multiples, corrections will ofcourse be there.
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (134.33).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 51
Take Profits:
TP1= @ 169.09
TP2= @ 188.65
TP3= @ 215.44
TP4= @ 250.03
TP5= @ 271.75
SL= Break below S2
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solano overviewsolano broke its intermediate trendline,
if we draw fib retracement from recent high and low we can see it retraced from 0.5 levels two times it was like a double top formation as well
currently it is consolidating in a short channel, it can be the inverted pole and flag pattern
the prices seems to be mean reverting towards the 50ma on daily chart it is also a round fig 100
Solana, future of finance part 2! Consolidating ABOVE 6h demand, MSB, 4H OB should provide a nice entry. RR=9, lets do this!
💡Don't miss the great buy opportunity in SOLUSD @SolanaTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (13.36).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 14.80
TP2= @ 15.45
TP3= @ 16.25
TP4= @ 16.95
TP5= @ 18.20
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
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