Sell Solana This idea uses elliott waves . Also it is wykoff pattern in smaller timeframes
Use risk managment . Buy from bottom is better than sell now
SOLUSD.P trade ideas
SOLUSD Reversal pattern identified."Solusd looks poised for a downturn in this final higher high (HH), with RSI showing bearish divergence and a rising wedge pattern forming. 📉 Placing a sell stop order at the recent higher low (HL), setting SL at the recent HH, and TP with a 1:1 risk-reward ratio. TP2 targets the rising wedge's end. 🎯 This strategy follows technical analysis and risk management principles."
Solana daily chart break out 👀 Price target near $162Solana daily chart break out 👀 Price target near $162
Right now we have a breakout from the red downward sloping trendline.
Next up resistance zone and 50 day moving average
Will you Short at resistance?
Shorting SOL... AGAIN!!!If I see a red candle closing below the supply zone, I will be shorting till the demand zone
TP 137
SL will be above the highest wick above the supply zone, and then trail it down as we go
Solana, support levelsSolana formed a descending triangle pattern and has touched the support level.
If this support is strong enough to withstand bearish movements, then the target is at level 144.83 or at the resistance pattern.
However, you need to remember that this pattern is a bearish continuation pattern, which means that if this pattern breaks down, Solana will fall deeper.
I will update this analysis if I find new key levels.
Shorting SolanaGot the red candle I was waiting for, now I'm opening a short with a tight SL and TP at demand zone
SL $142
TP $131
Let's see how it goes 👀
SOLUSD (ANALYSIS).SOLUSD has recently formed a bearish reversal pattern known as a rising wedge. In alignment with this pattern, the RSI is synchronized with the price action, displaying no divergence, further confirming the potential bearish outlook. Consequently, it is advisable to consider placing a sell stop order below the recent higher low at 136.39, with a stop loss positioned at the recent higher high of 142.30.
The profit-taking levels can be strategically set at TP 1: 129.22 and TP 2: 122.13, respectively. This structured approach integrates technical analysis with risk management, fostering a disciplined trading strategy aimed at capitalizing on the anticipated downward movement.
Solana Price Pumps 7% as Solana-Based Token POPCAT Hits New ATHSolana ( CRYPTOCAP:SOL ) has become the top performer among the top 10 crypto tokens, with Popcat (POPCAT) hitting a new all-time high of $0.6100 and market capitalization upwards of $577.58 million. This surge is attributed to the growing popularity of projects launched on the CRYPTOCAP:SOL blockchain, which have consistently posted remarkable success. Meme coins on Solana, including Dogwifhat ( CRYPTOCAP:WIF ) and Bonk Inu ( SEED_DONKEYDAN_MARKET_CAP:BONK ), have also seen significant growth, with CRYPTOCAP:WIF dethroning Pepe coin ( CRYPTOCAP:PEPE ) before reclaiming its position as the third meme coin on market capitalization metrics.
A new meme coin class is emerging: cat-themed tokens. Popcat ($POPCAT) is the biggest gainer on Thursday with almost 30% in gains, hauling the altcoin to a new all-time high of $0.6100 and market capitalization upwards of $577.58 million. Jito ( CRYPTOCAP:JTO ) has become the largest Solana protocol on TVL metrics at $1.43 billion, representing a TVL growth of over 12% in 24 hours.
A rise in TVL generally indicates that more assets are being deposited and locked into the DeFi protocol, indicating growing user participation and confidence in the platform. This may also indicate increased liquidity and trading volume within the protocol, potentially leading to higher returns for users and a stronger ecosystem overall.
Technically, Solana's daily price chart depicts a start of a "Rising Wedge" Pattern but for the pattern to be accentuated, Solana has to break the ceiling of the rising wedge to spark investors' confidence.
$SOLUSD The Leap Should Be CancledAs noted in my Tradingview status, I have decided to stop actively trading The Leap Tradingview contest in light of the massive fraud perpetrated by COINBASE:SOLUSD
This contest having limited position sizing, tight restrictions and a list of 6 mostly unsuitable tickers to trade has recently lost its appeal.
While I agree the contest can be maintained, due to the limited position sizing and COINBASE:SOLUSD being the only "Bang for your Buck" ticker to trade, I have shorted all tickers except FX:EURUSD and exited any regular trading activities in favor of seeing what happens.
There is a storm on the horizon and having such a disreputable ticker as one of the primary sources of decent gains leaves me to believe Tradingview is not serious about this competition.
Tradingview needs a broad spectrum of stable tickers to trade and increased positions sizing at a minimum.
In my view while the contest is certainly able to be managed by skilled traders. However the amount of time and involvement needed to "Day Trade" these tickers nearly 24/7 make this an unrealistic trading environment for the average trader.
That combined with and the most notable primary source of capital gains being COINBASE:SOLUSD and this ticker also being a completely manipulated Fraud, makes this contest even more unrealistic.
As such my price target for COINBASE:SOLUSD is now 0.00
SOLSimilar idea to DOGE
Deviated beneath giga support to grab liq
Runs it bacc to highs in coming weeks
Solana Price Up 3.93% Amidst FTX Estate Sale of SOLFTX Estate’s 3rd Round of Sales Commences for Locked SOL Tokens
After concluding the second round of the auction for the locked SOL tokens, FTX estate kickstarted the third tranche on May 1.
It was reported that the 1.8 million CRYPTOCAP:SOL tokens sold in the second round saw the liquidators fetch approximately $232 million after a multi-week sale. While bids ranged from $85 to $110 per token, the ones that ranged above $95 were largely successful, based on the report, while the ones below $85 were rejected.
Notably, sales going for $95 per token represented a 26% discount rate, while the $110 per token price fetched a 15% discount. The discount was largely attributed to the fact that the tokens are locked, which means their availability for trading is delayed. The tokens acquired are subject to a four-year vesting period. Among those who participated in the second-round auction were Galaxy Trading and Pantera Capital.
In the 1st round of the auction, the FTX estate managed to sell $1.9 billion worth of CRYPTOCAP:SOL tokens, which represented nearly two-thirds (2/3) of a larger lot valued at $2.6 billion. This included up to 30 million CRYPTOCAP:SOL tokens that were initially priced at $64 each.
Figure Markets CEO Mike Cagney has already confirmed that the firm will participate in round three, adding that they are already developing a special-purpose vehicle to facilitate bids. Specifically, their target is non-US as well as accredited US investors.
Solana ( CRYPTOCAP:SOL ) price is up 3.76% despite the selling spree by the FTX Estate management. CRYPTOCAP:SOL is battling with the $140 Resistance. The daily price chart shows a start of a "Rising Wedge" but for the pattern to be ascertained it needs to correlates with BTC's movement.
At the time of writing, the Solana price is trading at $139.33.
We bounced off the support zone as we had expected 👊Upwards nowWe bounced off the support zone as we had expected 👊
We should try to go back up to the resistance zone🎯
Did you buy at the support zone?
Boost if you agree with us!
Sol FIBMultiple Rejections of the Fibs. Strong chance well have a summer lul, in that case we could see $100 sol
SOL: Sweep USD 130 before restarting run SOL price is trading in no man's land and is not worth to trade until a trigger happens. My bias would be for a sweep of low $130 (likely touching $128 in a liquidation event) and restart the growth. First target 140 second target 150 if we get that.
SOL: When Everyone Thinks Bullmarket - BE CAREFULHello Guys,
this is just an idea and I do not think this will happen.
To be honest I see Sol hitting well above 500$, but so far SOL is replicating the movements of the 2022 bear market fractal.
We have to deviate from it, as long as we stick with it looks a bit worrying, ngl.
Especially because what I just said: If everyone believes one thing, it is likely not going to happen....
Be careful trade safe. Don't take price action for granted
SOL: ny money management📊Analysis by AhmadArz:
🔍Entry: 134.97
🛑Stop Loss: 130.59
🎯Take Profit: 139.35 - 143.91
🔗"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."
🚀Please boost and💬 comment to share your thoughts with us!
SOLUSDT- History repeating itself-Moving towards All Time High SOLANA recently posted a high of 2015. Now after retracing about 61.8 fib. level, it is again trying to pass recently posted LH of around 163. It is repeating its historic move of posting All time high 260 on 9th September 2021.
In 2021, after gaining bullish momentum, after making first HL, it reached notable HH level of 215 within 15 days, then it retraced up to 61.8 level in 12 days and made bullish flag pattern. then from 61.8 level retracement, it gained bullish momentum and posted All time high level od 260 in 46 days.
Now, in 2024, it is exactly repeating this cycle. after posting recent HH level of 215, it retrace exactly to 61.8 fib level in 13 days (previously it was 12 days), and is making same bullish flag pattern. From here, if bulls get momentum and history repeats itself as per time cycle theory, the SOLANA can touch all time high level 250-260 within 46 days ( by the end of may)
Massive Historical Cup and HandleI've seen other people highlight this historic SOLANA "CUP AND HANDLE" Bullish pattern and am seeing it now much more clearly. It spells "BULLISH' in trader sign language!
November has been quite the month for SOL and I think this NOV will find SOL above 2021. It is crazy to think that SOL was at 8.90 cents in NOV 2021! I can imagine angry the bears are that were waiting for zero to scoop up SOL or a return to single digits. Keep the faith and keep stacking I say. Study the activity on the chain.... SOL is gaining steam and will move high. NOT Financial Advice.
$SOLUSD Someone Keep Spilling Coffee..Here on the COINBASE:SOLUSD chart we can clearly see an inverted cup with handle pattern near completion. Once this stock moves higher we estimate a breakout target of 246.03 by measuring the original impulse move that formed and resulted in the current formation. CCI on the daily is diverging and on the cusp of a breakout of a breakout of positive momentum from the CCI zero line.
Good Luck Traders `/`
Solana - Rising star for layer 1Price target of USD 280 by 2024 year end, bouncing off trending resistance at USD140.
