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SOL / TETHER Standard Futures

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SOLUSDT.PS trade ideas

Support Zone: 168.46-171.63 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (SOLUSDT.P 1M chart) The important zones are three zones. - 171.63 - 137.04-147.56 - 101.78 Therefore, you can trade depending on whether there is support near 171.63. - (1W chart) The location of the BW (100) indicator is 202.68. Therefore, the point to watch is whether it can rise from around 171.63 and rise above 202.68. If not, since the HA-High indicator on the 1W chart is formed at the 168.46 point, we need to check for support around 168.46-171.63. If it falls below 168.46, we need to check for support around 137.04-147.56. - (1D chart) The HA-High indicator on the 1D chart is formed at the 179.77 point. Therefore, the key is whether it can support around 179.77. Currently, the StochRSI and StochRSI EMA indicators are in the overbought zone and the BW indicator is at the highest point (100). Therefore, although it is showing strong upward strength, it will show a downward trend as the downward pressure increases over time. At this time, the point to watch is whether it can receive support around 168.46-171.63. If it receives support, I think it is highly likely that it will lead to an upward trend to rise above the 202.68 point as I mentioned earlier. If not, and it falls, we should check whether there is support around 158.39, where the M-Signal indicator on the 1D chart is passing. - The arrow was created because the BW indicator touched the 100 point. Since it has been maintaining the 100 point since then, the BW (100) line is not created. If the price shows a downward trend, it will show a trend of creating the BW (100) line. Therefore, it is recommended to proceed with trading according to the movement after the BW (100) line is created. Therefore, it can be seen that the possibility of the BW (100) line being created at the 179.77 point is increasing. Therefore, it is necessary to check whether it is possible to enter a short-term SHORT position. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Solana looks set for an epic run SOL1day Cup & Handle bullish pattern Price has broken out of the handle after testing the 162 area local resistance 4 times while making higher lows (upside down blue flat bottom triangle) and now needs to test the next resistance at the top of the bull flag around 184 Solana tnx's are huge topping Ethereum so moving through to test the ATH at 260 after smashing the bull flag might not be too far off Next target after ATH is 340 on the bull flag extension also in line with the fib extensions MACD and RSI are positive with heaps of coal for the journey maybe don't fade Solana yet thinking she has had her sunshine
Long
by Hollowzep
Solana amid network usage: bull rally ahead? Solana (SOL) has witnessed a notable surge in user activity over the past month. The chain’s daily active address and transaction count have skyrocketed by double digits in the past 30 days.  This uptick in network demand may directly fuel SOL’s rally above the $200 price mark for the first time since April. Over the past 30 days, demand for the Solana network has surged, as evidenced by an increase in daily active addresses. According to data from Artemis, 7 million unique addresses have completed at least one transaction on Solana during this period, marking a remarkable 70% increase. This rise in active addresses has naturally led to a corresponding uptick in daily transaction volume on the network. Over the same 30-day period, Solana has processed 44 million transactions, representing a 24% increase in daily transaction count on the L1.  As more users engage with a blockchain network, the utility of its native asset (SOL in this case) increases. High usage indicates that more transactions are occurring, often requiring more of the network’s token to pay transaction fees. This boosts demand for the asset, driving up its price. If Solana continues to experience increased network activity, driving demand for SOL, its price—currently at $166.15—could break past the resistance level of $172.53.  A successful breach of this resistance would set the altcoin on course to reach $194.12. Should buying momentum continue to increase, Solana’s price could reclaim $210.18, a level it last touched in March. However, if user activity on Solana declines and demand for SOL weakens, the price may test support at $148.15. Failure to hold this level could push the coin down further to $133.76, invalidating the bullish outlook.
Long
by paul_endeo
SOLUSDT - the real indicator of bear market!I think everyone should take this chart as a basic reference for trading Why is sol considered a real indicator of the market situation? sol is one of the biggest coins in terms of market cap ( 5th in ranked with 78.2B in marketcap) As you can see on the chart in front of you, sol rose more than 600% last October when it broke the 300 day of accumulation and it was a strong entry signal for all other currencies Now on the weekly chart we see that sol is forming a wyckoff distribution pattern. I uploaded a picture to verify this for yourself. check it and you will find it matches what is happening on the chart You will find the 0.786 level is the bottom, which if it is broken weekly, it is a clear and explicit signal to get out of all your money from the market and make it 100% cash according to this data i see that will happen within 2 months Best regards Ceciliones🎯
by ceciliones
11
SOLUSDT Skye Pulse 26 22 October 2024 - Monthly outlookGood day Fellow Solanians Here is my long term Sol outlook. Should the bullish momentum continue we can possibly look at 269 at the Supply zone as our target area before we might get a small pullback else in the bearish scenario and it continues going down , we could potentially see the 72 and ultimately the 49 level play out. Not financial advice , please do your research before investing in any assets this is purely for educational purposes
by personal_brand
SOL is ready to BLOW UP, targeting $200 in the short term.If you're looking for short-term gains, jumping on SOLANA now might be a great opportunity. Let’s dive into why! Hey everyone! Today, I’m going to analyze the SOL/USDT on the daily chart and give you some great opportunities for both spot positions and futures trades. 1) Descending Triangle: SOL reached around $208 in March and has been in decline since. You might be wondering why SOL peaked in March—it's because we had a mini altcoin season back then. After that peak, SOL has been forming a large Descending Triangle . For the past 7 months, the price has been stuck in this triangle, repeatedly testing both the support area at $125 and the descending resistance line. 2) Volume and Pattern Interest: As we know, when a price is stuck in a pattern for a long time, volume decreases as interest fades. Over time, as investors notice SOL testing the $125 support zone multiple times and bouncing back, combined with positive project news and a bullish global market, they’ll see this as a potential buying opportunity. This is when reversal patterns such as Double Bottom, Triple Bottom , or Inverse Head & Shoulders (H&S) start to form at the bottom. 3) Inverse Head & Shoulders: SOL recently formed an Inverse H&S pattern at the bottom. Here's how it works: When buyers step in and start creating upward pressure, we see the formation of the left shoulder. Sellers then step in and cause a pullback, creating the neckline. When the price drops again to the $125 support zone, buyers see it as their last chance to get SOL at a lower price, so they push the price back up to the neckline at $160. At this point, sellers step in again, taking profits at the $160 range, causing another drop. But this time, instead of falling back to $125, the price holds around $135, as buyers don’t want to miss the opportunity. This creates the right shoulder. Once SOL breaks through the neckline at $160, sellers are disappointed and exit, while buyers push the price further up. As of now, SOL has successfully broken out of the Inverse H&S pattern. 4) Downtrend Line: There’s still a major descending resistance around the $170 range, which has held the price down for about 7 months. Once this level is broken and converted into support, we’ll likely see a strong upward price momentum. Breaking through this resistance could shift the overall trend into a solid upward trajectory. 5) Price Targets: SOL has successfully broken the Inverse H&S neckline at $160 and has even retested this level, flipping the resistance into support. The target for the Inverse H&S pattern is around $200 per SOL. However, there’s still the downtrend line resistance at $170 that needs to be broken first. If we break through that as well, we’ll have two breakouts: one from the Inverse H&S and one from the 7-month Downtrend line. With these breakouts, combined with a potential bull run, SOL could reach a new ATH. In my opinion, SOL could hit $1,000 to $1,500 in this bull run, and if we experience a massive rally, it’s possible for SOL to reach $3,000. 6) Futures Trading: For futures, you can open a long position in the $160–$165 range with 3x–7x leverage. Set your stop loss around $157–$158. However, if you're new to leverage trading, be cautious! (This is not financial advice). 7) Spot Trading: If you're looking to trade on the spot market, now could be a good time to buy SOL in the $160–$165 range and hold until the bull run peaks. Thanks for reading my analysis! If you like my thoughts and my vision for SOL, hit the like button and follow me! BTW, I’m very active on X. You can find me there as @odbashWizard.
Long
by odbashWizard