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Solanausd

🙀 SOLANA- first FOMO, now 55 or 49? 😱Solana has been the ALtcoin to discuss in the last few days and this is my second post on an asset that I do not hold or used to trade. The first time I proposed a Sell on the asset I had 3 targets in mind and I ended up hitiing the first one before the market reversed upwards and Solana ended up having new all time highs now. Nomatter what research I have done the past 48 hours I can not understand or justify why Solana is that expensive, with a marketcap of 23 Billion! I see no particular adavantage on Solana vs Ethereum or Cardano, or even Polkadot not to mention there are another 6-7 similar 'technologies'competing for the same piece of the pie. Is Solana going to be a firework or am i completely wrong? Let me know but even if you don't, the market will reply to me and to you very soon. ----CHANGING MARKET CONDITIONS: Some of you ask me why all of the sudden I post BUY and then SELL posts. Long and then Short. Well, we need to understand changing market conditions and repetitive patterns. The way the market is NOW with no clear direction (market conditions have changed vs 2 or 3 weeks ago that we were only posting LONG ideas) and you all ought to look at set ups for both directions! One of the real skills for a systematic rader is to understand when he/she needs to change a trading system or it's parameters, adapting it - or even abandon it all together. So, with these said, if you find yourself confused and unable tom trade well these days , then please try HEDGING. One Love, the FXPROFESSOR
FTX:SOLUSDShort
by FX_Professor
9
⛳ SOLANA- Epic Run Might Lead to a Correction 🚩🚩🚩Our chart on Solana which by the way has had an EPIC RUN! Solana Hit New All-Time High Above $60. In January this year, the token was worth just $2. On the 20th of July Solana was worth 21$ Just 2 days ago, it was priced at just 45$ At this stage, a correction is more likely than a rise at higher levels, no matter what Bitcoin does next. The price would need to check the 63.83 level as support (previous resistance) before rising higher. Personally, I am short on Solana with my stop loss at 76$ and a target profit level of 59,3$ and 55$. But that is just me hedging my exposure on other cryptos which I am long on. Last Thursday, Mango markets, a high-speed, decentralized exchange powered by Solana, announced a successful $70 million crowdfunding. A week ago, the Solana Foundation launched the Wormhole update, allowing integration between different types of blockchains on its network, such as the Binance Smart Chain, non-fungible tokens (NFTs), and crypto price data. All this is great news but I really doubt that Solana will compete with Ethereum, Cardano and even Polkadot. Like the so-called “ETH killers”, such as Polkadot and Cardano, the project claims to offer a faster and more efficient alternative. For instance, Solana says it is capable of processing more than 50,000 transactions a second, rivaling Visa’s claimed 65,000 transaction messages a second (TPS). However, it currently handles 6,110 TPS, according to solanabeach.io, an information platform maintained by one of the network’s validators, Staking Facilities. I might be wrong, I might be right, this is my opinion. It's not easy to dare going short on a raging bull. Solana has been exactly that in the last days. Many people have just discovered it. FOMO costs money. Solana is a train I missed but also a train i catch a little later. 🚩🚩🚩PS. Solana's Max Supply? Unlimited 🚩🚩🚩 One Love, the FXPROFESOR
FTX:SOLUSDShort
by FX_Professor
7
Solana The Monster - While many of others altcoins struggled to a -75%+ while the King was falling and struggling, Solana dipped around 25$ ( -50% ). - While others dipped on down under EMA200, Solana Took support on this EMA - While i saw Theking make some small bounces trying to back on track, i saw Solana brutally raging. - Of Course everything is depending on TheKing, When TheKing down altcoins are crying and die like snow under the sun, but when Theking back stronger, they shine like new stars in the galaxy. - if you notice most of my analyses, i focused many times on Solana and Polkadot, why ? because they are ECOSYSTEMS, no matter if some coins will die with some scammy project, Ecosystems are here to stay. Solana is fast and Polkadot is huge. Solana looks like a Nervous Formula1 waiting on Starting Blocks, and when they will release the beast, nothing will stop it. Final conservative : TP 150$ ( +361.8% Fibo ) i will link here some of my most interesting olders SOL analyses. Happy Tr4Ding!
FTX:SOLUSDLong
by thecryer
14
Will Solana break 43? I like Solana. It is looking strong and there are some key factors that could make this a long opportunity. 1. Price dipped down to low 30s and tested support but it was rejected. If you compare SOL to BTC price is about to break all time highs. 2. Cumulative volume turned positive in the near term. Volume vs Average Volume is increasing as well. I am waiting for the rate of change of volume to rise above 0. 3. Volatility is remaining low and relatively stable. I am waiting for the volatility average to fall below its standard deviation.
FTX:SOLUSDLong
by DanteBouzas
1
Solana Next TrainAfter this china fud dip auto-repeat, it's time to go shopping. no danger no glory like they said. Solana ecosystem is a monster. ----------------------------------------------------------------------------- Trading Parts : ----------------------------------------------------------------------------- - Buy Zone : 29-30$ (not all in!) - Rebuy Zone : 25.15$ - TP1 : 36.5$ ( Security TP) - TP2 : 49.5$ - No Stop loss for SOL, won't dip much, stack SOL better. ----------------------------------------------------------------------------- Happy Tr4Ding !
FTX:SOLUSDLong
by thecryer
3
Solana not care about Elon FUDsQuick update on SOL. When everything is dipping and SOL is Pumping it means only 1 Thing. When BTC will pump back SOL will M00n. BTC have a small Market Dominance Right now so every BTC pumps will be more bargains on alts. ------------------------------------------------------------------- Trading Parts : - Buy Zone now 50$ - Rebuy Zone 45$ (Strong Buy there) - TP : 68$ ------------------------------------------------------------------ Happy Tr4Ding!
FTX:SOLUSDLong
by thecryer
2
Solana: Potential buying areas #SOLLooking at Solana on a logarithmic scale we can see that it has been following a trendline (green) very closely. Only until recently has Solana deviated away from this trendline due to market exuberance. As of right now this asset looks like it is either setting up for another leg up or it might need to dip down to the green trend line to validate support before continuing its growth. Personally, I like the $28-$32 level for potential buying levels. *choose wisely* *not financial advice*
by GhostCrypto
Solana expectations? Buy? No? Yes?Difficult question and I do not have a yes or no answer. But what we do know is that Solana is used more by the day and more use means a greater demand by companies and users for Solana. This is positive for the price of Solana. For 2021, therefore, a large growth in the price of Solana is also expected because more collaborations will come and new products will be developed. It al looks very promising. The price predictions for Solana is therefore highly estimated by many analysts and experts. It is a crypto that is increasingly in demand, has more and more collaborations and more and more new product innovations do what is most important. A price expectation for Solana? No, impossible (for me at least). Adoption of the entire cryptocurrency industry is on the rise, with Solana becoming a favorite cryptocurrency for many due to high demand. What can be said is that the future seems positive and a price increase of hundreds of percent can be very realistic in the coming years. So I wouldn't put everything I own in Solana, but it never hurts to expand my portfolio a bit. Please share your opinion. :)
BINANCE:SOLUSDLong
by Sharona_vf
💡Don't miss the great buy opportunity in SOLUSD @SolanaTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (13.36). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . SOLUSD is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 14.80 TP2= @ 15.45 TP3= @ 16.25 TP4= @ 16.95 TP5= @ 18.20 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12
💡Don't miss the great buy opportunity in SOLUSD @SolanaTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (13.36). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . SOLUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 14.80 TP2= @ 15.45 TP3= @ 16.25 TP4= @ 16.95 TP5= @ 18.20 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
27