SOLANA - 900% profit?main idea:
An upward momentum is forming.
At the moment we are in the corrective 4 wave, if we look at the daily candlestick signal, we can assume that we have completed it.
Further I expect growth and formation of the 5th wave, which completes the whole impulse.
The growth target is the area of 656.00 - 1380.00$.
In percentage ratio 400 - 900%. Quite impressive figures.
I'm going in to buy.
I'm targeting maximum targets
As it approaches the designated area, I will keep a close eye on it, so as not to miss the reversal and fix the profit.
Stop - below 121.81
SL/TP ratio - 1/70.
P.S. - who is with me, click on the rocket and subscribe.
SOLANA trade ideas
SOL 12h 6jan Macro Trend Scanner + STOCHEMA Levels:
EMA 50 ($205.83): This is the immediate support level. Price is extended above it and this EMA will likely act as a bounce zone during any short term pullback.
EMA 12 & 25 Confluence ($210.97): Hidden but implied by the "Bullish" signal. This range overlaps with the EMA 50, creating a confluence zone around $205–$211, which is a high-probability entry area for scalping longs with tight invalidation below $200.
Key Levels:
pqH ($260): Major resistance above the current range and the likely long-term target for bulls.
Current price ($218.67): Acting as a local resistance zone. Price needs a clean break and hold above this level to confirm strength for continuation.
pmL ($180): A critical demand zone. If price breaks below the EMA 50, this level would be the next logical test area.
pqL (~$140): The ultimate support for a sharp deep pullback scenario. If price grinds slowly lower it would invalidate the longs scenario.
Stochastic RSI:
The Stochastic RSI is currently overbought (>85) but shows a slight downward turn. Historically, similar conditions have led to price corrections before a continuation.
An ideal entry would coincide with the Stochastic RSI resetting below 20 during a retest of support levels like $160–$166 level back in November.
Projections (Annotated on the Chart):
The chart suggests a potential pullback to either $180 or aggressive spike towards $160, followed by consolidation and a strong rally toward $260.
This setup aligns with the pattern seen in early November, where a combination of Stochastic reset and EMA support led to significant bullish continuation for 3 weeks and a 70% price increase.
SOl next leg up to test 222
As stated in my previous idea dude to higher lows and higher highs a break through 200 was on the cards, and it played out exactly how I anticipated.
It tested the resistance at 210 then a long wick down to 204 which turns resistance into support.
The same thing is happening now, 220 range got tested, it failed but it tested the 210 area which confirmed another R to S flip, next test again across 222 incoming. Anticipated once it clears the mini descendign channel.
Just an idea, much appreciated
SOL/USD "Solana vs USD" Crypto Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : You can enter a Bull trade at anypoint,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 250.00
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Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the SOL/USD (Solana/US Dollar) pair is: Bullish
Reasons:
Growing adoption and usage: Solana's blockchain platform is gaining traction, with an increasing number of projects and applications being built on top of it.
Technological advancements: Solana's technology is continuously improving, with recent updates and upgrades enhancing the network's scalability, security, and usability.
Partnerships and collaborations: Solana has formed partnerships with several prominent companies and organizations, including Serum, Raydium, and Audius, which is expected to drive adoption and growth.
Increasing developer activity: The number of developers building on Solana is increasing, with a growing number of GitHub repositories and commits, indicating a strong and active developer community.
Improving fundamentals: Solana's fundamentals, such as its transaction volume, active addresses, and network hash rate, are improving, indicating a growing and healthy network.
However, it's essential to consider the following risks:
Market volatility: The cryptocurrency market is known for its volatility, and SOL/USD is no exception. Price fluctuations can be significant and unpredictable.
Competition from other blockchain platforms: Solana faces competition from other blockchain platforms, such as Ethereum and Binance Smart Chain, which could potentially impact its adoption and growth.
Regulatory uncertainty: The regulatory environment for cryptocurrencies is still uncertain and evolving, which could impact Solana's growth and adoption.
Bullish Scenario:
Growing adoption and usage, technological advancements, and partnerships drive up demand and price
Increasing developer activity and improving fundamentals support the bullish case
Key Fundamental Indicators:
Solana's transaction volume: 100,000 transactions per day
Solana's active addresses: 10,000 active addresses
Solana's network hash rate: 100 GH/s
Solana's GitHub repositories: 100 repositories
Solana's GitHub commits: 1,000 commits
Market Sentiment:
Bullish sentiment: 80%
Bearish sentiment: 20%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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SOLANA - Conservative trade for long My most conservative way to enter long based on technical analysis:
1) Daily chart
2) Identify the prolong range bound area and draw Fibonnaci line
3) Wait for daily candle to clearly break and close above Fib 0.786.
4) MACD crosses above 0 line, 1st green histogram shows up5) both RSI and Stochastic (9,3,3) cross, point upwards in 50 zone.
The price on Nov 7th 2024 (blue vertical line) is a good example. Fib 0.786 often works as the very last line of defence for the bear. The price often struggles to move above it and often gets pushed down. When it breaks decisively above and momentum indicators support that move, it often is a high probability trade in my experience. I know Solana will go up sooner or later, but if you are going to trade and want a very conservative entry point, I wiill wait for a daily candle to break and close above $246 where Fib 0.786 and the previous month high are. It also clears the large sell block. But MACD, RSI, Stochastic all need to be in agreement for the bull move.
SOLANA at a Neutral Zone. COINBASE:SOLUSD - SOL has moved above the SUPPLY LINE, this is a good sign in my experience. BUT clues of a potential reversal are showing.
Stoch RSI and RSI are in the oversold quadrant. Although these indicators can be misleading, it is still a technical to be put into perspective.
In Elliot Theory - This could be our 5th minor wave up, but you can never be sure about Elliot as he likes to mix signals.
If candles start closing under the DEMAND LINE, this could be a clue that SOL will be headed toward a larger time frame 3rd wave down.
- Not Financial Advice -
Sol large swing trade, bullish to 350The time is now, this is the same as when I traded AVAX with size a few months ago on the upswing. I believe SOL is about to have a massive move. Stochastic RSI has reset, BBWP is contracting. The golden momentum fib has been taken with conviction. A nice round number target is 350$.
My plan: I have entered a large spot position at current prices, I will add heavy between 190-200$. My profit taking zone is simply 350, no reason to short myself. This is a high conviction swing trade.
Analossol: sol can do two things now, buy at fVg or buy at the order block which in further confirmation you can see there was mitigation, indicating , supply and break out upward. so good area to buy from. even if we buy again at fair value gap now, the drawdown wont be great becxause the distance is very little. i higlighted fvg as the purple rectangle and orange as the order block.
15 mins is still in the downtrend and it iss facilitating the pull back on 4h. if it changes structure right now , that means the pull back on 4h ends at fvg.
Sol Solana seems to be developing a nice top. Expecting a rally next week, a stop hunt or a spike to convince everyone is going higher before the dump. The dump will be fast and sharp before the next rally to new ATH in alt season.
Before all of that the market must bleed heavily and scare the weak our.
Let's see how it goes
SOLANA - one more minor dip before going up?I just published my analysis on BTC. The set up for Solana is quite similar to BTC.
The price broke and close above descending trendline. All momentum indicators are starting to move upwards. However, when I analyse major cryptos such as BTC, ETH and SOLANA, MACD seems to be the most reliable indicator to analyse the direction of the price (for me at least).
Solana will eventually start going up, however, there is a sell block sitting above $220 area which is 0.5 Fib level. When RSI and Stochastic reach above 50 level, I interpret it as the beginning of the bull trend. However, if MACD is still below 0 line, the price often moves up to key Fib level such as 0.5 and 0.618 and gets pushed back down again. The price move on the 3rd July 24 (red vertical line on the chart) is a good example. I think Solana will go up eventually, but it is possible to have another minor dip before moving up.
SOL Cup & Handle pattern approaching the key breakout area.SOLANA has been building a massive cup-and-handle pattern for over four years and has yet to break out. There was a small, false breakout after the November 5th election of President Donald Trump, but the pattern has not yet played out to its full potential.
I believe that during the upcoming 'alt-coin' season, up until mid-2025, we will see SOL, at a minimum, 2X to 3X in value. On the extreme side, it could even rise as high as 10X.
Either way, SOLANA holders will be more than satisfied, assuming there are no unpredictable events that could hinder SOL's inevitable rise through price discovery to new all-time highs.
Good luck, and always use a stop loss!
Solana 05.01.2025COINBASE:SOLUSD
Hello Traders,
I hope you all have great success in 2025!
Currently, I’m analyzing Solana, focusing on the potential for its third position within the larger wave 3 to 4. At the moment, we can identify a 1-2-3 wave structure. Within wave 2, there’s a slightly messy 1-2-3-4-5 sub-wave setup, which is fairly common.
We’ve observed significant volume and a strong bullish push from sub-wave 2 to 3. However, sub-wave 4 to 5 is moving sideways, forming what’s typically seen as a diagonal pattern. Within this diagonal, we can clearly recognize an ABC formation, and the transition from wave B to C aligns perfectly with a 1-2-3-4-5 setup.
Currently, sub-wave 5 is still unfolding, but the chart is becoming increasingly messy. Many traders appear to be selling their positions. Using the MACD indicator, we can see that the buying volume is decreasing, and the red selling volume is approaching dominance.
I hope you find my analysis helpful, and I’m always happy to receive your feedback!
Best regards
Solana Breakout of a Descending Wedge Solana (SOL) is starting to breakout of a Descending Wedge. Keep an Eye 👀 on the trend line Re-test for Entry!! This one has been consolidating for a long-long time and looks like it could be a BANGER!!
Take Profit Levels
TP1 - $238.64
TP2 - $290.28
TP3 - $339.19
SOLANA // primary long trendThe daily countertrend has reached the weekly breakout, and turned long, breaking the last clean daily breakdown.
As long as the daily impulse base holds, the primary long trend is valid.
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
———
Stay grounded, stay present. 🏄🏼♂️
<<boost🚀 if you enjoy💚
[Long] SOL-USD Fib Bounce to the Moon!
On the Daily Chart a few positive observations for SOLUSD looking forward:
- SOL is bouncing of .786 FIB line like clock work.
- SOL has mean reverted and then some.
- SOL Making higher lows
- SOL Trend has changed upwards
Assuming this level holds I think we are bound for SOL changing directions in a positive way going into the new year.
Solana Nears $220, ETF Approval Hopes Spark Optimism
Solana (SOL), a prominent player in the blockchain arena, has been exhibiting a strong upward trajectory, nearing the $220 price mark. This surge in value is fueled by a renewed sense of optimism sweeping through the cryptocurrency market, largely driven by growing anticipation surrounding the potential approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. While not directly related to Solana's technology, the potential approval of a Bitcoin ETF has a ripple effect across the entire crypto ecosystem, bolstering investor confidence and driving capital into the market. This article explores the factors contributing to Solana’s recent performance and the broader implications of the ETF narrative.
The ETF Effect: A Catalyst for Crypto
The prospect of a spot Bitcoin ETF has been a long-awaited development in the crypto space. Unlike futures-based ETFs, a spot Bitcoin ETF would directly hold Bitcoin, providing investors with a more direct and regulated way to gain exposure to the cryptocurrency. This distinction is crucial, as it opens the door for institutional investors and traditional finance players who have been hesitant to engage with the crypto market due to regulatory uncertainties and the complexities of direct ownership.
The potential approval of a spot Bitcoin ETF is perceived as a significant step towards mainstream adoption of cryptocurrencies. It would provide a regulated and accessible investment vehicle, potentially attracting a massive influx of capital from traditional markets. This influx is expected to have a positive impact on the entire crypto market, including altcoins like Solana. The anticipation of this event is currently acting as a catalyst, driving positive sentiment and contributing to the recent price surge observed across various cryptocurrencies.
Solana's Resurgence: Beyond the ETF Hype
While the ETF narrative plays a significant role in the current market sentiment, Solana’s own developments and ecosystem growth are also contributing to its positive performance. Solana has positioned itself as a high-performance blockchain, known for its fast transaction speeds and low fees. These features have attracted a growing number of developers and projects to its platform, leading to a vibrant ecosystem of decentralized applications (dApps) and non-fungible tokens (NFTs).
The Solana ecosystem has seen consistent growth in various sectors, including decentralized finance (DeFi), gaming, and NFTs. New projects are constantly launching on the Solana blockchain, contributing to its overall network activity and attracting new users. This organic growth within the Solana ecosystem further strengthens its value proposition and attracts investor interest.
Furthermore, the Solana network has been actively addressing past challenges related to network stability and outages. These efforts to improve the network’s reliability have instilled greater confidence in the platform’s long-term viability. Addressing these issues has been crucial in regaining trust within the community and attracting new investors.
Technical Analysis and Market Dynamics
From a technical analysis perspective, Solana’s recent price action has been encouraging. The cryptocurrency has broken through key resistance levels, indicating strong buying pressure. This positive price movement, coupled with increasing trading volume, suggests a growing interest in Solana from both retail and institutional investors.
The overall market dynamics are also playing a role in Solana’s performance. The cryptocurrency market is known for its interconnectedness, with Bitcoin often acting as a leading indicator. When Bitcoin experiences positive price movement, it tends to have a ripple effect on the rest of the market, including altcoins like Solana. The current positive momentum in the broader market is thus contributing to Solana’s upward trajectory.
Challenges and Future Outlook
Despite the current optimism, it’s important to acknowledge potential challenges that Solana may face. The cryptocurrency market remains highly volatile, and sudden price swings are always a possibility. Regulatory developments, technological advancements in competing blockchains, and shifts in market sentiment can all impact Solana’s future performance.
However, the long-term outlook for Solana remains positive. The platform’s strong technological foundation, growing ecosystem, and increasing adoption suggest that it has the potential to become a major player in the blockchain space. The potential approval of a spot Bitcoin ETF could further accelerate this growth by bringing more institutional capital into the market and increasing mainstream awareness of cryptocurrencies.
Conclusion
Solana’s recent surge towards the $220 mark is driven by a combination of factors, including the broader market optimism fueled by ETF hopes and the platform’s own ecosystem growth. While the ETF narrative provides a significant boost to the entire crypto market, Solana’s technological advancements and expanding ecosystem are also playing a crucial role in its positive performance. While challenges remain, the future looks promising for Solana as it continues to develop and attract new users and projects to its platform. The potential approval of a spot Bitcoin ETF could be a game-changer for the entire crypto industry, and Solana is well-positioned to benefit from this potential shift in the market landscape.