SOL/USDT 4H Chart ReviewI invite you to review the SOL chart in the USDT pair. We will start by defining the yellow line as an upward trend line from which the price has broken out at the bottom, creating an ongoing downward trend channel in which we are approaching the upper border.
Going further, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $89.78, but further we can define a very strong support zone from $80 to $67.
Looking the other way, once again after unfolding the fib retracement saitka, we see that the price has reached the resistance level at $100.73, only when it overcomes it and exits the upper channel, will it move towards the resistance zone from $118 to $126, which is held price before moving towards $151.
Please look at the RSI indicator, which has returned to the middle of the range, making it difficult to indicate the direction, while the STOCH indicator shows a downward movement with room for the price to recover more.
SOL
📉📈 SOLUSDT Price Analysis 📊💹📆 Recent Correction:
Over the last two weeks, SOL has been undergoing a correction.
🔍 Potential Retracement:
Possibility of further retracement to test support at $85 or the next support area at $75 - $80.
📈 Trade Opportunity:
Long trade opportunity may arise in the support area, contingent on a successful test and hold.
📣 Key Levels:
If it breaks through the $105 - $110 resistance on a higher time frame, the next level is at $140 - $150.
🔄 Market Dynamics:
SOL's movements are contingent on testing and holding key support and resistance levels.
📰💡 Conclusion:
Potential long trade opportunity if support holds at $85 or $75 - $80.
Breakthrough of $105 - $110 resistance may signal further upward movement.
#SOLAnalysis #CryptoTrading #MarketWatch
🔥BNB Will Dump: Everyone Expects It, Right?🤔Binance have not the best year according to the paid media. BTW, this is a largest and most regulated crypto exchange in the world, which have 100% proven reserves backed by BTC, stablecoins etc.
The return of BNB inside the triangle will be a bullish signal. I recommend you to take a look on the Binance Coin weekly candle close.
The targets are on chart.
💥 I think it is too early to bury Binance and BNB. What do you think?
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Check the links and get a BONUS🎁 from me👇
Solana ($SOL) Sell Orders and Potential Roadblocks
Our previous analysis of Solana has proven to be quite accurate. The asset's price dipped into the $79-$86 support zone before buyers intervened, driving the price back towards $100.
CRYPTOCAP:SOL is now contesting a resistance zone between $101.6-$108. Breaching this barrier could lead to encounters with sell orders in the $112.3-$117 range. Beyond this, the yearly high of $126 looms, potentially reachable if Bitcoin maintains its position above $45,000, considering the strong correlation between Bitcoin and altcoins.
Should the market turn bearish, CRYPTOCAP:SOL could see its price fall back to the key buying zones at $79.1-$86, $73.1, and $61.8-$68.9.
SOLUSDT.1DBased on the provided market data, the cryptocurrency SOL is currently priced at $97.96 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 53.35, 52.34, and 76.52 respectively. The RSI values suggest that the market is neither oversold nor overbought in the short term (4h and 1d), but it is slightly overbought in the longer term (7d).
The Moving Average Convergence Divergence (MACD) for the same periods are -1.86, 5.21, and 19.70. The negative MACD in the 4h chart suggests a bearish signal, while the positive MACD in the 1d and 7d chart suggests bullishness in the longer term.
The Bollinger Band (BB) for 4h, 1d, and 7d are 102.26, 120.53, and 113.10. The current price is below the middle band in all cases, indicating a potential upward movement.
The support levels for 4h, 1d, and 7d are $85.95, $80.06, and $76.52, and the resistance levels are $102.26, $107.56, and $115.30. This suggests that the price has a potential to climb up to these resistance levels if it doesn't break down through the support levels.
In conclusion, SOL shows mixed signals. While the MACD and RSI indicate a potential upward trend in the longer term, the negative MACD in the short term (4h) may suggest some bearishness. It is recommended to watch the support and resistance levels closely. As always, it's crucial to consider other market factors and your risk tolerance before making any investment decision.
Solana (and Altcoins) Daily RSI Tells the Story!I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI. Three of these big supports have now been broken below. However, on the price chart only two have been broken. Will that red ascending trendline become the third? My bet is "yes" based upon what the RSI chart is telling me, though, it may spike higher first following Bitcoin ETF approval news. If I am right about this pullback, I don't think Solana will find support until around $65 or so.
🔥 SOL Parallel Channel BounceSOL has bounced from the bottom support of the parallel channel. With BTC showing strength, SOL can very easily see some strong growth from this point.
With a stop below the most recent lows we can construct a trade with a very decent R/R ratio of 5.5. A more bullish bet would be to wait for the price to touch the top resistance of the channel.
I chose to keep the target a bit closer due to the Bitcoin ETF and the corresponding volatility.
BTCUSDTime for ETFalseLet's start with the fact that the ETF news would not bring new capital to Bitcoin. The reality is that the stock market planned to use Bitcoin's capitalization to buy shares. This is a transfusion from two glasses where the volume of money supply remains the same. I wish those who are buying at the top now good luck. Short argumentation from history shows that Bitcoin is trending downward according to the ABCD pattern. Points B and C are the target of correction
SOL 🎵 Please Don't Stop The MusicHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Weekly: Left Chart
📊 As per our last analysis, SOL broke above the 50.0 round number signaling the start of the MarkUp phase, and then reached our around 130.0.
H4: Right Chart
📈 SOL has been bullish from a medium-term perspective trading inside the rising broadening wedge in red.
This week, SOL rejected the 130.0 and upper red trendline and traded lower.
Currently, it is sitting around the lower bound / red trendline acting as a non-horizontal support.
🏹 Thus, as long as the trendline holds, we will be looking for trend-following buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
buy in breakout(SOL)📊Analysis by AhmadArz:
buy in breakout trendine
🔍Entry: 95.1
🛑Stop Loss: 93.57
🎯Take Profit: 96.67
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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HUGE DUMP COMING FOR SOLANA SOL/USD - RIPIm sorry, I hate being the bearer of bad news but I see Solana taking a huge dump. Short term and long term. The top is in, volume dropping interest leaving the project again. Its just a pump and dump so the big bag holders could dump their bags, now all thats left holding is the FOMOers that bought the top and think this thing is going to thousands or whatver they think. Its insanity, this chain is junk and has proven that over the years with how many halts they had on their chain, still waaay too many bugs to work out of this thing. I dont know what the catalyst will be to make it dump this hard but possibly another major outage or a hack of some sort. No one with any significant capital is investing in this thing, maybe trading it and dumping on the kids who are buying it but not holding it for anything longer than that.
As you can see in this correction the way it will play out Solana is going to bounce at the previous supports for a small bounce which will create a head and shoulders and that measured move will be pretty heavy down to low $20 range or even lower possibly $18 before a a pretty decent bounce. After that moves plays out there will be a much larger correction on the higher degree of trend as another much larger head and shoulders pattern is formed. Might sound unbelievable but its not and actually quite likely. Ive seen this way to many times, same exact style of pump and dump over the years with other projects that could never die and are going to change the world. and humanity haha.
RSI is pointed straight down
MACD is pointed straight down
Strong bearish divergence on the daily on the RSI, Momentum, CCI, MFI, and Histogram
A death cross on the daily will also likely form as a result of this drop which will bring it to way new lows. Imminent collapse is likely.
Good luck out there, this is not financial advice just my opinion.
Litecoin Front Running Solana, SOL Is Going To Crash to $20I noticed this same thing on Bitcoin and did a chart on it go check it out. Solana could be gearing up for a massive crash back down to $20. Litecoin has been front running Solana way ahead like weeks as you can see in the history of the charts. Litecoin could be a good indication of what is to come for Solana and probably any other ALT in this same situation. Just see the chart for yourself. Litecoin runs when Sol falls. Not financial advice. I called the last major SOL drop at the top and people called me crazy. I called the LUNA crash at the top and people called me insane. Good luck out there.
Ethereum(ETH): Time To Sell? Or Buy?After a magnificent breakout from resistance on a bigger timeframe, we are looking here for a potential "fakeout" to form, which would lead price back to lower zones.
On a smaller timeframe, it is not so clear if we will get the breakdown or not, but we are aiming here for this kind of movement!
Swallow Team
HNT Ballooning to new Heights - Potential Price TargetsHelium Network is an extremely promising venture, Not only due to its revolutionary vision but also its solid team and feverish community of supporters.
Solana Phone is likely to bring the price to new highs, very soon.
Here are my current price points for HNT
Support zone: 5.28 - 6.883
Resistance Level: 7.82
Target 1: 11.11
Resistance Level: 12.02
Target 2: 13.79
Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices.
Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes.
Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT.
Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
wait for break-trendline (SOL)❤️❤️Thanks for boosting 🚀 and supporting us!
📈analytics by priceaction
📊 (Entry) : 99.72
🔴 Stop Loss : 94.51
🎯 Take Profit : 104.40 -109.08 -114.90
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
#SOL/USDT 8h (ByBit) Ascending wedge breakout and retestSolana just printed a gravestone doji star which may have marked the local top after such rise.
RSI got rejected on overbought territory as well, finally looks like it could correct towards 50MA.
⚡️⚡️ #SOL/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 4.8%
Current Price:
92.835
Entry Targets:
1) 94.926
Take-Profit Targets:
1) 79.273
Stop Targets:
1) 102.772
Published By: @Zblaba
CRYPTOCAP:SOL BYBIT:SOLUSDT.P #Solana solana.com
Risk/Reward= 1:2.0
Expected Profit= +82.4%
Possible Loss= -41.3%
Estimated Gaintime= 5-10 days
#SOLThe price is going through the path of wave B, which can return to at least 100%. After that, we have to wait for the price reaction in the specified areas to complete wave B, so that after the reaction, we can identify the end of wave C. So this rally can be thrown up 3 or 5 waves. Currently, in wave 2 of B Are.
SOL USDT LONG SWING| SOLUSDT | LONG @ 55 - 58 | TP @ 59, 60, 61, 62, 63 | SL @ 49 | PATTERN = DOUBLE TOP BREAKOUT | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
COINBASE:SOLUSD BINANCE:SOLUSDT BINANCE:SOLUSD BYBIT:SOLUSDT.P KUCOIN:SOLUSDT CRYPTO:SOLUSD MEXC:SOLUSDT.P OKX:SOLUSDT.P