Where is Solana heading in the near term — to long term?
This post isn’t necessarily my personal prediction of SOL.
I’m simply pointing out what I’m seeing in the daily chart, as well I take into consideration recent events that could be a catalyst for a price change in Solana.
I’d like to hear all of your thoughts and opinions as to what you think will happen. Also, I would enjoy your feedback on my chart and basically everything I say.
There’s really only two ways to grow
Obviously there’s a lot more to it than that, but I’m sure most would agree that sums it up in a general sort of way.
So, what are your thoughts on Solana? Will it keep going up?
RSI looks good — holding above the 50 lvl which indicates buying strength, yet not in overbought territory — although it seems to be dipping down.
MACD looks to be making a Bullish Crossover as you read this — according to the Daily Chart. That is typically a very bullish indicator — if coupled with other confirmations.
I’d like to see the 1 hour chart with the ICH Cloud for further confirmation of the MACD crossover — I learned a cool tip — the one hour chart with ICH Cloud Indicator acts like the daily MACD, but on a faster timeframe and more reactive to real time price changes.
I apologize for the spelling — the ICH Cloud is the Ichiomo Cloud? I have no clue how to spell it and don’t feel like looking it up, but I’m sure most of your know what I mean. If not, sImply Google ICH Cloud Indicator and it’ll correct it for you.
Finally, we’re holding above old resistance levels and can safely say that they have now become strong support. Further strength in the uptrend can be confirmed due to the price holding or (walking) on the middle Bollinger Band.
If price falls below the middle band, watch for a quick dip buy opportunity, assuming that the price rebounds and goes back above the middle band to close out for the trading day.
Of course, considering that Crypto trades 24/7 — determining the “close of trading day” is going to be different for everyone and arguably doesn’t exist.
I live in the Pacific Time Zone so I like to watch for these things to “Close” around 7-8 pm — as I noticed that this is when the markets seem to calm down a bit.
But, this is subjective to where you live or if you even believe in a “Close” at all.
Overall, even though I see strength in SOL’s chart and the news has been great regarding Solana recently — the Wormhole Testnet was a success and it’s proven that SOL can handle a much larger volume of transactions than say, ETH. . .
For some reason I see SOL doing another run up to perhaps hit its previous all time high, only to come falling back down.
Essentially repeating the same price pattern we just saw it go through a few weeks ago.
Long term — I think Solana is going to be a main player in Web3 and will find itself a stable, permanent role in the ecosystem of dApps, DeFi, and many other applications that will be popping up with insane regularity as Web3 comes to the masses.
You can’t have Web3 without SOL — so long term I see SOL being a $1,500 - $2,000 coin on the market. Perhaps higher, but not less.
Short to mid term — people will get FOMO in the following days, buying up all the SOL they can, then when the “pros” and day traders feel like they have pumped it high enough, got the hook set in nice and tight in the FOMO-Filled-Coinbase-retail-traders. . .
They’ll dump, taking profits and we’ll be back to where we’re at now, give or take $20.
Remember — WHAT ARE YOUR THOUGHTS? Do you agree? Do you completely disagree? Is my charting and analysis completely wrong and I have no idea what I’m talking about — or is my does my prediction sound pretty accurate, with my charts aligning with my claims?
I hope to hear from as many of your as possible.
Thanks.
Btw… the reason I am asking for feedback is because of my last prediction. I have it linked. I saw a perfect ascending triangle pattern forming in FORTHS Chart a while back, but something happened and it never panned out!?!
I am still baffled by that one to this day! Check out the link after your done with this one. Perhaps you can tell me where I went wrong.
This post isn’t necessarily my personal prediction of SOL.
I’m simply pointing out what I’m seeing in the daily chart, as well I take into consideration recent events that could be a catalyst for a price change in Solana.
I’d like to hear all of your thoughts and opinions as to what you think will happen. Also, I would enjoy your feedback on my chart and basically everything I say.
There’s really only two ways to grow
- Either someone tells you that you’re wrong — then change up whatever you’re messing up — hopefully getting it right in the future.
- Someone points out that you’re actually doing it the right way, perhaps making some suggestions, but otherwise tells you to stay on the same track you’ve been taking.
Obviously there’s a lot more to it than that, but I’m sure most would agree that sums it up in a general sort of way.
So, what are your thoughts on Solana? Will it keep going up?
RSI looks good — holding above the 50 lvl which indicates buying strength, yet not in overbought territory — although it seems to be dipping down.
MACD looks to be making a Bullish Crossover as you read this — according to the Daily Chart. That is typically a very bullish indicator — if coupled with other confirmations.
I’d like to see the 1 hour chart with the ICH Cloud for further confirmation of the MACD crossover — I learned a cool tip — the one hour chart with ICH Cloud Indicator acts like the daily MACD, but on a faster timeframe and more reactive to real time price changes.
I apologize for the spelling — the ICH Cloud is the Ichiomo Cloud? I have no clue how to spell it and don’t feel like looking it up, but I’m sure most of your know what I mean. If not, sImply Google ICH Cloud Indicator and it’ll correct it for you.
Finally, we’re holding above old resistance levels and can safely say that they have now become strong support. Further strength in the uptrend can be confirmed due to the price holding or (walking) on the middle Bollinger Band.
If price falls below the middle band, watch for a quick dip buy opportunity, assuming that the price rebounds and goes back above the middle band to close out for the trading day.
Of course, considering that Crypto trades 24/7 — determining the “close of trading day” is going to be different for everyone and arguably doesn’t exist.
I live in the Pacific Time Zone so I like to watch for these things to “Close” around 7-8 pm — as I noticed that this is when the markets seem to calm down a bit.
But, this is subjective to where you live or if you even believe in a “Close” at all.
Overall, even though I see strength in SOL’s chart and the news has been great regarding Solana recently — the Wormhole Testnet was a success and it’s proven that SOL can handle a much larger volume of transactions than say, ETH. . .
For some reason I see SOL doing another run up to perhaps hit its previous all time high, only to come falling back down.
Essentially repeating the same price pattern we just saw it go through a few weeks ago.
Long term — I think Solana is going to be a main player in Web3 and will find itself a stable, permanent role in the ecosystem of dApps, DeFi, and many other applications that will be popping up with insane regularity as Web3 comes to the masses.
You can’t have Web3 without SOL — so long term I see SOL being a $1,500 - $2,000 coin on the market. Perhaps higher, but not less.
Short to mid term — people will get FOMO in the following days, buying up all the SOL they can, then when the “pros” and day traders feel like they have pumped it high enough, got the hook set in nice and tight in the FOMO-Filled-Coinbase-retail-traders. . .
They’ll dump, taking profits and we’ll be back to where we’re at now, give or take $20.
Remember — WHAT ARE YOUR THOUGHTS? Do you agree? Do you completely disagree? Is my charting and analysis completely wrong and I have no idea what I’m talking about — or is my does my prediction sound pretty accurate, with my charts aligning with my claims?
I hope to hear from as many of your as possible.
Thanks.
Btw… the reason I am asking for feedback is because of my last prediction. I have it linked. I saw a perfect ascending triangle pattern forming in FORTHS Chart a while back, but something happened and it never panned out!?!
I am still baffled by that one to this day! Check out the link after your done with this one. Perhaps you can tell me where I went wrong.
