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SOLUSD trade ideas

SOL Price Warns A 30% Decline or Bullish RevivalPause at $120: The bullish reversal trend in SOL price takes a breather, hinting at a short-term pullback from the $120 level. Volume Decline: A decrease in trading volume accompanies the pullback, suggesting a potential for rebound if buyer dominance is maintained around $90. Bearish Breakdown Alert: A fall below the 50-day EMA could trigger a significant 30% price drop, potentially down to the $66 threshold. Recovery Signs: Despite market challenges, SOL's 5% surge signals a potential bullish resurgence, though caution is advised due to possible retest implications. Market Sentiment Shift: The fluctuating market sentiment and SOL's indecisive price action suggest upcoming sharp movements, warranting a close watch. Morning Star Pattern: The formation of a morning star pattern at $80, alongside the 38.20% Fibonacci level, hints at a bullish recovery for Solana. Trading Volume Spike: An uptick in trading volume accompanies the recent price surge, bolstering the case for a sustained uptrend. Recovery or Retest?: The current price jump, while promising, may also serve as a retest following a triangle breakdown, keeping traders on edge. RSI Indicator: The RSI's recent slump raises concerns, but the emergence of a morning star pattern could herald a reversal if bullish momentum continues. Bull Run Potential: If the recovery holds, SOL could soon revisit and possibly surpass the $100 mark, offering a strategic entry point for investors. Downside Risk: A breach below $80 could drastically alter the market dynamics, with a potential slide towards $50 if bearish pressures intensify.
COINBASE:SOLUSDLong
by Coinpedia-Market-Insight
✴️ Solana Renko | No Room For Guessing! $630+ (23X) New ATHLook at this, this weekly Renko chart for Solana leaves absolutely no room for guessing. The trend is changing, new All-Time Low, it seems like we are looking at a true bottom. Look at the volume... Isn't that a bit too revealing? Anyway, the long-term target is set beyond $630. I am not showing it here because it would completely mess up the chart. You can scroll up to find it. Renko is good to spot the trend. We were on a strong downtrend and signals are going out based on this chart telling us of a new uptrend. Potential is 23X long-term target/new All-Time High. This is just a projection of course, can be less, can be more... Namaste.
KRAKEN:SOLUSDLong
by AlanSantana
20
SOL SOLANA SOLUSD Update Jan 25 2024Sharing Solana update here from TTR: I havent updated SOL since after I took nice profits on it. Here is a potential wave 2 setup down, which should bottom around April or May. It seems that ABC down is in play now, with A being in place on that 23rd Jan low, or it can be printed anytime now, not later than the end of the month or so. The B wave is expected to hit around the middle of Feb, and the C wave down into the Apr low - B wave target is 108-116 - C down should bottom at or below 68.50 I will update the bull targets when we are near the C wave low. Everyone should be making money on all of our crypto updates; just don’t use any leverage and options!!! As the timing is always an issue, the best way is to accumulate when the price is going down at support levels and hold for the rally to begin.
COINBASE:SOLUSDLong
by TheTradersRoom
Corrective pattern for the second waveDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
FX:SOLUSDLong
by mehdi47abbasi79
5
Pressurized At $80, Will SOL Price Fall To $50?Pullback at $120 Mark: SOL's bullish reversal pauses, hinting at a short-term pullback. Possible Bounce Back Scenario: Declining trading volume suggests a potential rebound if buyers maintain strength at around $90. Risk of a Significant Drop: A breakdown below the 50-day EMA could trigger a 30% price drop to approximately $66. Bearish Breakdown Warning: SOL faces a critical downturn as it slips below the $100 level. Fibonacci Level Test: SOL currently testing the 38.20% Fibonacci level at around $82. Liquidation of Long Positions: A significant amount of SOL long positions liquidated, indicating bearish sentiment. Technical Indicator - MACD: The MACD shows a bearish trend, with increasing bearish momentum. Crucial Support Levels Under Pressure: The $80 mark emerges as a critical support level, possibly providing an entry point for buyers. Downside Risks: A fall below $80 could intensify the sell-off, pushing SOL towards $66. Bear Market Impact on SOL: The current market trend questions SOL's recovery potential in 2024. Impact of Overall Market Sentiment: The broader crypto market downturn affects Solana's price trajectory. Watching Key Technical Levels: The SOL price movement near key support and resistance levels will be critical in determining its future direction.
COINBASE:SOLUSD
by Coinpedia-Market-Insight
Sol lessons learnedAfter calling the Sol top I thought I could catch a quick compression and upward breakout before a deadcat. Boy was I wrong, the trend is your friend, and the trend was bearish. When Total3 and Bitcoin / coin stock started reversing the entire market should have been obviously bearish. This is exactly why I do not trade leveraged futures for crypto. I also rarely trade things I do not want to own long-term, this allows me to sit in my spot or stake and chill while I plan my next move. I share these charts because I do sometimes add to positions heavily on strongly favored setups, or I will shorter term trade sections of the tokens to build up stablecoin reserves.
COINBASE:SOLUSDShort
by Apollo_21mil
SOLUSD Bearish chart patternCOINBASE:SOLUSD 📉 Solana Analysis: Descending Triangle Alert! 🚨💔 Hey Solana traders! 🌐📉 Ready for a deep dive into the charts? Let's unravel the current Solana scenario. 🕵️‍♂️💹 📉 Descending Triangle: 🐻 Brace yourselves – we're in a descending triangle, a bearish chart pattern signaling potential downward pressure. 📉🔻 🧐 Bollinger Band Indicator: Trending below the middle Bollinger Band, a bearish signal that could suggest further downside. 📊📉 🎯 Fibonacci Analysis: Fibonacci doesn't lie! A potential price target of $62 is on the radar, with rejections in the golden pocket indicating a crucial resistance zone. 🎯💰 📉 200-Day EMA: Eyes on the 200-Day Exponential Moving Average (EMA) – a key indicator that could influence the overall trend. 📉📈 🤔 What's Next?: As we navigate these chart patterns, share your thoughts! What's your take on Solana's potential moves? Let's discuss strategies and insights. 💬🚀 Remember, this isn't financial advice – just chart analysis in the crypto jungle. 🌐🔍 Comment below with your Solana predictions and let's trade smart! 🚀📈 #SolanaAnalysis #CryptoCharts
BINANCE:SOLUSDShort
by MasterChef23
2