SOLUSDT- Fractal analysis , Price Prediction for coming months. Sol is moving in the exact pattern as it was moving previously in mat 2021. Share your valuable views on this.
This is not an investment advice.
Solusdt
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 towards ATH again!Solana has made a double bottom around $155. Solana has also taken support from its long term trendline and has moved up. It is right now moving towards its current all-time high and will break it very soon. It will be more bullish after it close on or above 185-190 range.
Head and Shoulders Breakdown on SOLThis is not an investment advise!!!
Head and shoulders pattern formation on SOL on a DAILY timeframe
Target should be around 120-130 levels
* I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public.
If you guys find anything wrong with this post, you can tell me about that in comments.
Have a nice day!😄
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (229.97).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51
Take Profits:
TP1= @ 259.00
TP2= @ 275.00
TP3= @ 291.51
TP4= @ 310.00
TP5= @ 340.00
SL= Break below S2
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Solana outperforming the market?This is a little stretched..but lets see how it pans out. I am long.
NFA
2 POSSIBILITIES FOR SOLANA$SOL has pumped more than $ADA in this bull run. It might break its all time high and make a new high near 244.
The second possibility is that it might go till golden zone of the Fibonacci for a healthy correction, following the black trendline.
💡Don't miss the great buy opportunity in SOLUSD @solanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (218.86).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 236.00
TP2= @ 270.00
TP3= @ 280.00
TP4= @ 300.00
TP5= @ 320.00
SL= Break below S2
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ForecastCity English Support Team ❤️
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 , Prediction went RightSolana have respected the cup and holder pattern, now we can see a perfect bull run along
SOL- Future Of Finance. Part-3 ;)I am preparing for this scenario, as always great probability this plays out.
If you dont have any Solana after this, You are gonna have a hard time coping lol
Formation of Cup & Handle in SOLUSDT* SOL in 4H time frame forms Cup and handle pattern.
* Cup and handle is a bullish continuation pattern that occurs during the bull run.
* If the price breaks its handle resistance near $160, we can see the continuation of the bullish trend .
* Solona is bearish below the handle.
Bull flag on SolanaSolana is forming a bull flag in my opinion on the 4H against USDT. The target of the bull flag is the pole on top of the upper wedge structure. That would take us to the blue line at around $206.
I will place a long trade if it breaks to the upside at approximately $172.
IH&S forming ?BINANCE:SOLUSDT inverse H&S forming ?
Long when shoulder completes.
NOT FINANCIAL ADVICE.
I M A NEWBIE
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
SOL LONGHuge support on this level and it has shown a bounce back. Trade with a stoploss of 120 with less margin, because of huge downside in SOL.
💡Don't miss the great buy opportunity in SOLUSDT @solanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (150.48).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 164.54
TP2= @ 175.26
TP3= @ 183.68
TP4= @ 195.52
TP5= @ 213.87
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
solano bearish?!!!this pattern might turn bearish if it breaks the green arrow neckline 1st support 175 and next s2 > 168
though the trade activates only neck line could not sustain
SolSol good hold 20MA in 4hrfrom 70 and bounce from MA20 multiple time .... Now sol again sitting at MA20 if hold 183 level than will see another leg up...
