SOL mostly likes to move in big spurts that precede market up and down turns. The laddering up we are witnessing, moving up past the 200 week MA in lower time frames and daily and getting close on 4 and 6 HR, plus 5 days in a row closing green, is looking very very bullish to me! Still - SOL is powerful and it seems to be building some steam... The narrative is...
I can see BULLS are getting ready to take this ack up
I have buy here with sl @ 115
I will take first profit @ 170 (very important broken support which turn resistance now)
If we break 170 my next target will be 259 - 399
Good luck everyone
SOLANA!
1st and Effective Target is marked by arrow!
IMHO - we going to go there - just matter of time...
2nd and 3rd - are only if break those.
Good Luck!
The SOL/USD 1-day chart presents a complex technical picture, with both bullish and bearish signals vying for dominance. Let's delve deeper into the observed patterns:
Possible Bullish Pennant Transformation:
The analysis suggests the chart might be exhibiting a tight bullish pennant pattern. This pattern typically forms after a strong uptrend and indicates a...
The Solana cryptocurrency has recently experienced a significant breakthrough by surpassing the $150 resistance level, paving the way for a possible continuation of its upward trend. This is a critical milestone, as the $150 resistance level is considered a significant barrier between the bullish and bearish markets.
However, despite this breakthrough, there has...
EASYMARKETS:SOLUSD
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Solana is forming a MASSIVE Cup & Handle formation that could lead to major gains over the next few years. As many know, Solana has a potentially infinite supply of coins that can be created, which is one of its major downsides, in my opinion. As far as trading, and not investment perspective, I think Solana will make some mind-boggling gains over the next 3 to 5...
Here's the corrected version:
Solana has demonstrated its strength in this bullish market, showcasing a long accumulation phase from Mon 30 May '22 to Mon 30 Oct '23. Subsequently, the price began breaking highs directly to $200, marking a 2500% increase from Mon 26 Dec '22. It's been quite a volatile market, and I believe Solana has the potential to become one...
Solana breakout is getting more bullish.
Next upside price target 🎯 is $180 before it encounters any resistance.
Mapped out in blue line possible price movement going forward
Long Solana coin here. 50% of position. Will scale in rest over next 1-3 hours. Solana double top was obvious but got distracted fishing. Think we test 200$ sol in next 2-8 days. Let's see what happens.
This is my 4th idea looking at Solana with Ethereum as a pattern, benchmark, or comparison. I used this pattern to identify downside targets and potential reversals and now I am using it to call a local high. This is basic and fundamental charting.
Both charts show a 5 impulse Elliot Wave to the upside. With such a clear pattern and impulsive move we don’t...
Where can we find support for Solana? A quick draw of the Fib Fan shows that if our 100 day sma does not hold, we could drop to anywhere from $107 to $122. This would coincide with both the rising 200 day sma and .618 on the Fib Fan, a great area of confluence which would make great support.
