SOLUST.P trade ideas
Solana may reach $38 if rates are hiked by less than 0.75%.Solana may cross $34 and reach $38 if interest rates are hiked by 0.75% or lower. This low rate hike seems to be the probable case because of upcoming mid term elections. The Democrats in the USA are sitting on wafer thin majority in the Senate where out of 100 seats, Republicans own 50, Democrats own 48, the independents who are supporting democrats own 2 seats. This election is crucial for the current government to secure a majority in the US Senate.
SOLANA- Just thinking out loud.Given the macro conditions, it feels possible that there's gonna be a rather long cooldown on everything, even after the bleeding stops.
A deep cleansing on everything is the need of the moment.
If this is to play out, then it might take us 6-7 months to come back to the prices we recently broke down from.
That feels like hell, trust me. Time capitulation >> Price capitulation, and this scenario might be a combination of both.
More than 90% of the participants will leave. Even the strong believers would be flushed out.
I can go on and on, but chart>>words.
This, if it plays out, will bring a great opportunity to the faithful. The whole world is trying to shut Crypto down.
But the cat is out of the box, and we had a lot of attention this cycle.
Solana in particular, has matured quite well in such a short span.
I will be buying all the SOLANA I can below $20, If we get.
All you got to do is stay.
See you on the other side!
~ZER0
SOLANA PRICE PREDICTION 2022An ascending channel is defined as the price action contained between two parallel upward-sloping lines. This price pattern is distinguished by higher highs and lower lows. An ascending channel is created by drawing a lower trend line that connects the swing lows and an upper channel line that connects the swing highs.
Price does not always remain entirely formed within the parallel lines of an ascending channel, but instead shows areas of support and resistance that traders can use to set stop-loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the upward trend, whereas a breakdown below an ascending channel may indicate a change in trend.
Currently, Solana (SOL) is at $36.18. If the pattern continues, the price of SOL might reach the resistance level of $46.85, and $68.31. If the trend reverses, then the price of SOL may fall to $32.29, and $25.67
Solana (SOL) Support and Resistance Levels
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Solana (SOL).
Resistance Level 1 – $42.78
Resistance Level 2 – $58.60
Resistance Level 3 – $82.70
Resistance Level 4 – $117.60
Support Level – $26.67
The charts show that SOL has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $117.60.
Accordingly, if the investors turn against the crypto, the price of the SOL might plummet to almost $26.67, a bearish signal.
Happy Trading !
💡Don't miss the great buy opportunity in SOLUSD @solana
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42.48).
. 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 68
Take Profits:
TP1= @ 47.36
TP2= @ 50.98
TP3= @ 54.68
TP4= @ 58.19
TP5= @ 61.57
SL= Break below S2
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SOLANAFinal puke across all the crypto market is due IMO, various factors pointing there, lets not get into the details.
While the whole market is screaming "Cheap" "bottom" "All-in", be aware of this scenario as this holds a very good probability.
Solana to $25s while $BTC at low $20k is what I see.
Might be wrong, NFA.
Solana is ETH2.0, Always has been.There is a decent chance we might be here
We are in the process of bottoming yes, but when shit hits the fan this hard, this often can be that process.
NFA. Wud love it, if this post marks the bottom across the board. Never go full redard #SOL #ETH
I am saving my dry powder.