SOL/USD POTENTIAL SELL IDEAWe see price breaking out of distribution zone, getting ready to head to the downside. All we need is a perfect CTL confirmation. Good 1:2 RR
SOLWMATIC_898386.USD trade ideas
$SOL Cup and HandleSimilar to Bitcoin, Solana is in a giant cup and handle pattern on the weekly. If it breaks out successfully and is able to break above $200, we can see Solana hot $360 in due time, as this is the target for this pattern.
Weekly SOLANA Chart indicating BULLRUN soon!
Fellow Solana Investors, Please comment your thoughts on my analysis
I've been watching the Solana price and I'm noticing that on the Weekly chart, SOL is showing upcoming bullish confluence between the RSI/RSI-MA14 and the MACD crossing the Signal Line (above the histogram - which is bullish). Also, the price actions of Solana seems to follow previous patterns of past bullish and bearish runs of the market over the last year. The current price action and indicators appear to show a possible break of the top resistance trendline. Which, to me would indicates an upcoming bullrun, expesially if it breaks that top trendline which could result in a new leg up to a new ATH (All Time High) for Solana.
I don't follow Bitcoin as much, but bitcoin is about to breaks it's own top trendline, since solana follows footsteps with BTC price action pretty well.
SOLUSD: An alternative countI am looking at this alternative count since it answers two questions. First, the very first day price action back in April 2020 and the following structure looks to be a 3 wave structure that throws off the entire sequence until the top in Nov 2021. So, if we go with that as a 3 wave structure, it starts to make sense. The second question is the matter of supply. Sol is inflationary and we have seen how it can be manipulated form FTX case and LUNA case. The chain is highly hack prone and very centralized. So, nothing is stopping it from creating unlimited supply for any reason, crushing the price. Not saying that will be the case, but it is still a non-zero probability. Keeping that in mind, the short to midterm might be the biggest pump incoming for the price. While other assets might be struggling to make new highs or gearing up for wave 2, Sol might go the opposite way to the moon. If that happens, then this alternate count probability will become my primary count. The targets will still be somewhere in Jupiter....before crushing back down to earth.
SOLUSD BUY ANALYSIS TRIANGLE PATTERN DAILY TIMEFRAME Looking at Solusd on daily timeframe there is a triangle that form and the price has break it above showing there is a chance to rise more so trader needed to go for LONG and target profit should be 183.66 and 223.79 . Use money management
Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
Solana roadmapWe are on the brink of the latest run up that whales are engineering to distribute, and pull in as much liquidity to exit for 2025 bear market.
Don't let the headlines fool you, there is no real utility to these shitcoins except printing money to traders and whales.
Of course, I could be wrong, a dapp could show up that gets people hooked, but i bet any web2 architecture can do anything better and faster than web3. In the meantime, just ride the waves.
Solana: Close Call!Solana rose further last week, approaching the important resistance line at $163.44. Consequently, we have raised the probability of our alternative scenario to a whopping 43%. This scenario still locates the price in an extended blue wave (i). However, we primarily locate the coin in the same-colored wave (ii), which should initially approach our Zone (between $85.15 and $30.79) before being replaced by an impulsive rise to above the $210.03 mark.
SOLUSD BUY ANALYSIS TRIANGLE PATTERN DAILY TIMEFRAMEHere on Solusd price just form a triangle pattern on daily timeframe and it break the upward line 150.93 which means that going for LONG is needed with target profit of 173.48 and 209.09. Use money management
SOL/USDT 1D Long-TermHello everyone, let's look at the 1D SOL to USDT chart, in this situation we can see how the price has broken out of the downtrend line.
Let's start by setting goals for the near future, which include:
T1 = $161
T2 = $172
T3 = $191
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $144
SL2 = $132
SL3 = $112
SL4 = $98
Solana - Buy IdeaSolana is breaking the significant resistance of $138.90. This will propel the next stage of bull cycle. We established a new buy position with a profit target at $155.90
$SOL $SOLUSDT Daily Bias UpdateI would have expected a stronger selling pressure from the supply zone that the price is currently in, but the price seems likely to target higher levels to grab more liquidity and mitigate extreme levels before going down.
Buys look more probable for now in lower time frames. I will look for sells as ( if ) I see strong liquidation and bearish momentum after price mitigating upper levels.
9.25 Wed. SOL TREND TEST Higher Watching the retest of the trend line. You can see levels to hold as well. Have an awesome day.
[SOL/USD] Solana's possible C&H on 4 hour chart.This is 4 hour chart of CRYPTO:SOLUSD . For all master of chart pattern out there, can we classify this as a cup & handle ?
SOLUSD: Ready to breakout parabolically.Solana just turned bullish on its 1D timeframe (RSI = 58.732, MACD = 1.506, ADX = 22.317) but remains neutral on the 1W (RSI = 51.934, MACD = 6.162, ADX = 25.249) which underlines its undervalued nature. Since the August low, the price has held the 1W MA50, cementing it as Support and appears to be ready for a breakout. This breakout can be a parabolic one, same as the one that emerged on December 21 2020. This was the bullish wave of SOL's historic Channel Up pattern and it came when the 1W RSI rebounded on the pressure zone. This is exactly where the price sits today. Even though that would catapult its market cap and high adoption is needed behind it (along with other fundamental catalysts), technically if those conditions emerge, we can see Solana making a new HH on its Channel Up, TP = 5,000.
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SOLANA - Double Top or ready to breakout?Solana, the coin that has performed best against Bitcoin so far, is at a critical level, right now I do the same reasoning as I did on BTC, I observe only for the simple reason that you don't buy under the major resistance, you wait for the Breakout + retest or you wait for a nice support, in this case the long-term reversal points are clear and the first important support I see is very Lower than where the price is now, it's time to use the best of a trader's virtues which is patience
Sol USD bull flagSol USD had formed a bull flag. It is currently testing the top of the channel. A confirmed breakout could lead to significant gains against BTC.
SOL Head and Shoulders on the 1HrPost Breakpoint heading in to Q4 Uptober and SOL seems to be printing a head and shoulders pattern. Breakpoint pump was very small compared to other years (20% ++ this year) . SOL is a fast mover and there is far too much narrative with Firedancer upgrade, SOL Saga 2 and new SOL Game player, as well as CIti Bank deals and whatnot ... my guess is this head and shoulders is a little message.... we are getting ready for a big move up to next level.
There is currently a MASSIVE Cup & Handle in SOLANA!!SOLANA (SOL) has been building a massive cup-and-handle formation on the weekly chart that has taken 3 years and 8 months to achieve. If SOL breaks out of this pattern to the upside, the gains could be unbelievable!
Good luck, and always use a stop-loss!
SOL Price Action: Rejection at Key Internal Liquidity ZoneGreetings, traders and crypto enthusiasts! Lord MEDZ back again with a detailed analysis on Solana (SOL), a top performer in the crypto market that’s currently facing some significant price action. Based on my observations, using daily and lower timeframes, SOL has revisited a key internal liquidity zone (ITL) and has rejected sharply at the 50% mark of an imbalance left by a previous drop. Let’s break this down and explore what could come next for SOL’s price action.
Revisiting the Internal Liquidity Zone (ITL)
In this particular case, the ITL is a zone where price previously dropped rapidly, leaving behind an imbalance in the market. This imbalance means there was an overwhelming amount of selling, with very little buying, which caused the price to move quickly downward. As a result, a sell-side liquidity zone was created, along with a buy-side imbalance that the market would eventually need to fill.
Here’s what happened:
During the rapid drop, sell orders dominated the order book, creating an imbalance between sellers and buyers. This imbalance left a gap in price where little buying had taken place, which is a magnet for future price action.
As price retraced, it tapped back into this ITL and tested the 50% mark of the gap, which is often a key area of interest for both buyers and sellers. This level represents the halfway point of the imbalance and is a common target in price action trading as market participants look to either take profit or place new trades.
Price Rejection at $52: The 50% Mark of the Gap
SOL’s price action recently revisited this ITL and rejected sharply at around the $52 level, which corresponds to the 50% mark of the imbalance zone. Here’s why this is important:
Imbalance Filling: In market structure, gaps and imbalances are often filled or partially filled over time. In this case, the market retraced and tapped into the 50% zone of the sell-side imbalance, but it failed to break through, suggesting that selling pressure is still strong at this level.
Sell-Side Liquidity Dominance: The rejection at $52 indicates that sellers are defending this level, and there isn’t enough buying strength to push price higher. This is a sign that the market could be preparing for a move lower, especially as it seeks to target external liquidity zones.
Potential Targets: External Liquidity Zones at $110 and $104
With the rejection at the internal liquidity zone at $52, my attention is now on the external liquidity zones below. Based on the current market structure and order flow, the next key levels to watch are $110 and $104.
External Liquidity Zone at $110: This is the first major point of interest (POI) for sell-side liquidity, marked by equal lows. If price continues its bearish trend, we could see a sweep of liquidity around this level as sellers continue to dominate the market.
External Liquidity Zone at $104: The next target would be $104, which represents another significant liquidity area where buy orders may be resting. This level is another POI, and price is likely to react here before determining its next direction.
What Could Happen Next?
Given the rejection at $52, it appears that SOL is preparing for a further move down toward these external liquidity zones. Here’s what I’m watching for:
Continued Bearish Order Flow: If sell-side liquidity continues to dominate, we could see SOL make its way toward $110 and $104, where liquidity is likely resting. These levels represent areas where the market may look to rebalance the price after such a sharp rejection.
Break and Retest: If price manages to break below these external liquidity zones, we could see a further bearish move, potentially toward deeper support levels. However, if buyers step in at $110 or $104, we could see a bullish reaction and possibly another attempt to revisit the $52 level.
Final Thoughts: Watching the Liquidity Zones
Solana’s price action is currently focused around liquidity zones, and the recent rejection at $52 suggests that the market is gearing up for a move toward lower liquidity. These liquidity zones provide crucial information about where price is likely to react, and traders should pay close attention to how price behaves around $110 and $104.
As always, this analysis is based on the flow of orders and market imbalances, without the use of traditional indicators. If you’re watching SOL closely, keep an eye on how price interacts with these liquidity zones—it could signal the next big move.
Stay sharp, stay informed, and remember to trade wisely.
Peace, Lord MEDZ.
Disclaimer: This blog is for educational purposes only and should not be considered financial advice. Always do your own research or consult a financial professional before making any trading decisions.
SOL: SEE YOU ON THE MOON?SOL continues to find support off the 40 weekly signaling a stage 2 uptrend is still in play. A break below will cause more pain for the coin. Looking for a move to 160 then 190 if we can hold the 40.
