Bullish rise?SOL/USD is currently reacting off the support level which is a pullback support and could potentially rise to our take profit.
Entry: 145.30
Why we like it:
There is a pullback support level
Stop loss: 138.32
Why we like it:
There is a pullback support level which aligns with the 138.2% Fibonacci extension.
Take profit: 161.68
Why we like it:
There is an overlap resistance level which is slightly below the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SOL
SOL AnalysisHello,
Here is my plan IF we see a breakout from this trendline to the upside.
I am planning to hold it until it reaches the diagonal trendline that was validated with the recent swing high. I've marked it for you.
Stop loss is below the swing low and the downside of the trend channel for more security and to avoid fake outs.
Please dyor and enter only if the price breaks like mentioned above.
Stay safe and keep earning :)
$CRYPTO Total Market Cap to ~$9.69T$CRYPTO TOTAL MARKET CAP PROJECTION:
CRYPTOCAP:TOTAL Crypto Market Cap en route to my target this cycle: $9.69 Trillion
current $Crypto Total Market Cap: $2.37 Trillion
eyes on the prize. zoom out.
CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:SOL
based on diminishing cycle returns, fib extensions, and some other tricks up my sleeve.
let me hear your feedback!
-@CryptoCurb
Bearish drop?SOL/USD is reacting off the resistance level which is a pullback resistance and could potentially fall to our take profit.
Entry: 149.31
Why we like it:
There is a pullback resistance level.
Stop loss: 157.34
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Take profit: 138.24
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SOL AnalysisHello Traders!
I've been analyzing the market today and I decided to open this trade.
It is a bit risky but the risk to reward ratio is big. I'm expecting this move to be a bear trap. I might be wrong as this is like trying to catch a falling knife (which almost never works as expected). I am just trying some new things and my experience allows me to try this from time to time. I'll keep you updated. I do not recommend taking this trade, but I want to show you that I am fully transparent and I will show you all of my trades. No matter losing or winning. Stay safe, do not risk more than 3% of your portfolio and keep earning! :)
Potential for upward momentum if support holdsFor Solana, the $150 to $155 range serves as a strong support level. This range has historically provided a foundation where buying interest has emerged, preventing further declines and often leading to upward momentum. After testing this support area, we anticipate a potential advance towards the $170 resistance.
Solana price analysisSolana is currently at $158.79 and the price is holding at support $156.94.If the price successfully holds this level we could see a bounce back to the upper level at $204.79 after that if it breaks this level we could see the price at All-Time High again.
At the moment the price of sol is looking very bullish in the daily chart.
If the price could not hold the support level at $156.94 we might see the price fall to the next level at $118.39.
Everything is on the chart and all the levels are marked.
Potential bearish drop?SOL/USD is reacting off a resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could fall to our take profit.
Entry: 161.79
Why we like it:
There is a pullback resistance level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 169.58
Why we like it:
There is an overlap resistance level which lines up with the 78.6% Fibonacci retracement.
Take profit: 153.90
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
$SOL price analysis #sol #solana price has broken down the trend line and had bearish retest, then failed to reclaim the trend line zone. #solusd may have test the trend line resistance (formerly support zone). If hard declines occur, daily ichimoku cloud bottom is the support zone. Also this ~144 #usd zone is the historical support zone. Not financial advice.
Solana Targets $140 Then $116Keeping this Technical Analysis simple. We need to stay above $160 or the $140 demand zone we be more likely for a bounce.
IF THE $140 LEVEL FAILS, WE CAN LOOK AT $116 NEXT FOR THE MOST LIQUIDITY FOR A BOUNCE.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
$SOL vs $ETH MCPublishing this to track this chart
Is a chart of SOL Market Cap dominance over ETH Market Cap dominance
A VERY bullish chart and classic uptrending chart, following supports/resistances, while playing respects to fibs.
Right now CRYPTOCAP:SOL is at 17% the market cap of CRYPTOCAP:ETH , expecting this to reach minimum 33% at the 2.618 fib, 50% target after that at the 3.618 fib)
Fundamentally, more on-chain activity is happening on CRYPTOCAP:SOL , retails mindshare is on CRYPTOCAP:SOL , 0 fees, instant transactions are the future.
A classic case of fundamentals and technicals coming together, typically strong confluence indicator in $crypto.
If you have been following me these past couple years, I called CRYPTOCAP:SOL at $8 as the bottom and was accumulating heavy under $20. I believe CRYPTOCAP:SOL reaches minimum $250B market cap this cycle or $500+ as a very conservative target (see my other charts published).
gl hf
-@CryptoCurb
SOL looks bearish (6H)From where the red arrow is placed, the SOL correction has started.
The correction looks like an ABC and wave B is a diametric.
Where the green arrow is placed on the chart, the SOL diametric starts.
It seems that we are now in wave F of this diametric.
The green range is a strong support range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Alikze »» FIL | Big C or 3 wave scenarioIn the daily and weekly time, it is moving in an upward channel, which according to the previous analysis , the last wave had the ability to grow to around 100% of the previous wave, after which it faced correction, which was correctly mentioned in the updates of the previous post. And extended to the specified area of correction.
💎 First scenario: Therefore, if this last correction, which is extended in the form of three waves up to the green box range, is completed and its structure does not constitute a complex combination correction, we can expect a sharp super cycle of wave C or 3 from it. In the first step, it will conquer the ceiling of the previous major and after that it can touch the specified supply area.
💎 Alternative scenario: If the green box range is broken, this correction can extend further to the $4 range and then to $3.125, in which case it should be updated again.
If the behavior and structure of the post changes, it will be updated.
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Alikze »» SUI | Wave 3 or short-term bullish C scenario🔍 Technical analysis: Wave 3 or short-term bullish C scenario
- It has a bullish guard in the 4H time frame.
- After an upswing to the 1.172 range, it has had a zigzag correction.
💎 Currently, according to the upward momentum, it can have a pullback to the broken structure (green box) to continue the upward trend.
- The 1.025 area can be used as a support to continue the path.
- This ascending wave can be in the form of ascending wave 3 or C in the short term. Therefore, 💎 the first target of that supply range is the 0.78 fibo range and after that the ceiling of the channel is the 1.29 range.
💎 If the upward trend continues, it can be considered as a support for the next supply area after the failure of the supply area.
💎 In addition, if the previous floor range is broken, it can invalidate the bullish scenario, in which case it should be updated.
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SOL Solana Technical Analysis and Trade Idea 📊 In our latest video, we delve into two SOL (Solana) options: a strategic entry point for dollar-cost averaging if you’re accumulating SOL, and an intraday trade concept tailored for active traders. As usual, the video provides insights on my trade entry points, trend analysis opinions, market structure, and price action. Remember, this content is educational in nature and not intended as financial advice. 📈 🚀
SOL Long Trade SetupCurrent Situation:
Price Level: SOL recently pumped and is now trading at the top of the range area of support around $170, providing a potential entry point for a long trade.
Trade Strategy:
Entry Point: Enter a long position at the current support level of $170.
Take Profit Targets:
First Target: $190 – $210
Second Target: $240 - $260
Stop Loss: Set just below $160 to manage risk.
Summary:
SOL's recent price action has positioned it at a strong support level of $170, making it an ideal point for a long trade. The take profit targets are set at $190 – $210 and $240 - $260, with a stop loss just below $160 to protect against potential downside.
Could price reverse from here?SOL/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 175.23
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 188.78
Why we like it:
There is a pullback resistance level.
Take profit: 158.28
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
SOL/USDT Analysis: Preparing for the Breakout🔍The market is still ranging, and we are waiting for our triggers to be activated before opening positions.
📆 Coin of the Day: SOL
About the Project
Solana (SOL) is known for its high-speed blockchain technology and increasing adoption. It remains a significant player in the crypto space with a strong ecosystem.
🧩 Technical Analysis
4-Hour Timeframe
This analysis focuses on futures trading, examining different scenarios.
♟ Support and Resistance: SOL has found support at 162.32. The price is currently ranging, with primary resistance levels at 167.81 and 172.52. A major resistance level is observed at 187.29.
📉 Bearish Scenario: If a candle closes below 162.32, the next bearish phase might start, with the first support target at 157.40. Further bearish confirmation could be found if the price breaks below 157.40, with the next support level at 151.00. A break below 50 on the RSI could confirm the bearish momentum.
📈 Bullish Scenario: If the price breaks above 167.81, we can look for a target at 172.52. A break above 172.52 would set the next target at 187.29. A break above 50.67 on the RSI could confirm the entry of bullish momentum into the market.
📊Volume Analysis
Current volume at 429.872K indicates a need for increased buy volume to confirm resistance breakouts. Monitoring volume convergence with price action is crucial to avoid false breakouts.
👨💻 Trading Positions
🪄Long Position
Primary Entry Trigger: Break above 167.81
Strategy: Open a position on the break of 167.81 and wait for confirmation from the price to set the target at 172.52. Consider taking partial profits at 172.52 and adjusting stop loss to entry.
Secondary Entry Trigger: Break and stabilization above 172.52
Strategy: Open a position on the break and stabilization above 172.52, targeting 187.29. Look for increasing volume and RSI confirmation for stronger bullish momentum.
💣Short Position
Primary Entry Trigger: Break below 162.32
Strategy: Open a position on the break of 162.32 as this is a very critical level in the market. Target the next support at 157.40. Adjust stop loss based on price action.
Secondary Entry Trigger: Break below 157.40
Strategy: Open a position on the break of 157.40, targeting the next support at 151.00. Look for volume increase and RSI breaking below 50 for confirmation of bearish momentum.
📝 Summary: SOL is currently ranging within key support at 162.32 and resistances at 167.81, 172.52, and 187.29. Traders should watch for breaks of these critical levels to open positions. Volume analysis suggests that the next move could be significant. Long positions should be considered above 167.81 and 172.52, while short positions should be considered below 162.32 and 157.40. Always keep an eye on the RSI for confirmation of momentum in either direction.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Solana's Magic Eden NFT Volumes Top Bitcoin and EthereumSolana's Magic Eden, a non-fungible token (NFT) marketplace, has seen a surge in trading volumes, dominating the Solana ( CRYPTOCAP:SOL ), Ethereum, and Bitcoin networks. This surge comes as total NFT volumes have dropped in the last 30 days. The platform has surpassed NFT marketplace Blur on Ethereum, with its market share increasing to 41.39%. On Solana ( CRYPTOCAP:SOL ), Magic Eden maintains its lead with 75.79%, with assets worth over 17K SOL. Recent market activity has boosted its lead, with Tensor and Sniper coming up next with 19.38% and 2.40%, while Hyperspace and Hadeswap rank next with 1.21% and 0.98%, respectively. On-chain data from Tiexo points to a rally in Solana volumes, with volumes 18% to 22.7 SOL, approximately $3.81 million.
Magic Eden dominated NFT volumes in the Bitcoin ecosystem, posting 55.07% of the market share. In December, Solana ( CRYPTOCAP:SOL ) topped Ethereum in NFT volumes as users purchased projects based on the platform. However, recent data from CryptoSlam shows a drop in overall volumes, with volumes plummeting 54% to $624 million from last month's over $1 billion volume. Bitcoin NFT sales plummeted 68%, while Ethereum and Solana experienced a 55% and 48% drop, respectively.
MEW continues to get weaker. Descending triangle on the daily.
Notice how the supply zone (red box) maintained an aggressive resistance.
Previous demand zone later turned into supply zone (purple box) that the price couldn't sustain.
If this breaks the triangle, it may see some bids in the demand zone (green box) of the previous ATL.
Overall, bearish.
Educational purposes only. Not financial advice.