Solbtc
SOL/USDT Outperforming Coins still Are you expecting $500 ..?#SOL/USDT TA Update :-
$SOL is best outperforming Coin in Crypto Market.
Total 200x ( 20582% ) up within 260 days.
Insane performance ( from $1 to $215 )
Now..?
As per TA SOL need solid retracement.
And I can expect BIG Retracement.
Keep an eye on every scenarios:-
If Break down $138 level then We can see under $100
Strong support is $70-$78
Which will be best Entries.
But Other side if breakout upward $170 then we can again see Mega Bull rally towards $500
But Already Too much up 200x
So I am stay away from this coin.
Support:- $138/$70
Resistance:- $170
SOL/USD - After a nice re-test of support, can SOL pump more?SOL corrected to our Fib 38% level as you can see on the chart exactly as predicted in my last SOL idea where I recommended a short for a nice 20% gains (idea linked below).
Now the question is, did you buy support? If you did, you just made another 20% profit! Nice and this volatility from SOL is quite impressive.
We find ourselves at the 23% Fib resistance level which is a bit of a conundrum because if on the higher timeframes the bias is somewhat bearish, I can definitely see SOL moving higher again from this level. We did a great re-test of our Fib 38% level and we could have clearance to go higher.
Therefore, best to wait to see what happens at this current price level, if SOL manages to break-up and make our current resistance support, we're good for some nice gains still and maybe even a new ATH... if we fail to pass this resistance then our support may need to act and hold the downfall again.
If we re-test our support again, it may not hold a second time. But that is speculation, we need to wait for price to make a decision here, then the path will become much clearer.
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SOLANA How dip it can go?!In fact SOLANA one of the most performing and reached top of the alt list this season. Only by summer the price increased by an enormous 800% percent.
I think this could be the possible end of the growth for this project at least for this year.
Now I am expecting a correction movement in the range of 130$ and 100$ USD.
I cannot recommend any long term buys in this price action, cause things can be extra choppy in the range.
Best regards
Artem Shevelev
SOL/USD - Short opportunity! 20% gains possible!As indicated before (see my last SOL idea for the big picture), the macro trend for SOL at least in the medium term is a correction/bearish trend. We're about to have a bearish cross on daily on MACD which will indicate price will have to fall some more before we can expect any new pumps.
As such, best to search for shorts in SOL, unless you already shorted the top at $200.
Any entry around our resistance trendline is a good bet with a good risk/reward ratio. Our next opportunity is to short around $168 and aim for a correction towards our Fib 38% level or $135 support.
Best to not be greedy if you short and aim to secure profit as soon as we approach our support. SOL can still pump significantly once we break our resistance.
For now I expect at least one more leg down after we touch the resistance line.
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Solana's Short Term PossibilitiesI see Solana doing some interesting stuff, it's still over bought but after the bot attack the other day but it sure seems strong in the eye of investors. Solana has an extreme TPS (transactions per min) rate that is challenging all competition. With that said, this coin is in the early stages of growth.
On a technical note, I think we can go either way and that also includes sideways. I am watching for a bounce or flip below the thin red line which is the Bollinger Band SMA.
If your not confident here, stay out of the trade. This is not financial advice.
SOLUSDT Technical Analysis
⏳ Spot
💎 SOLUSDT has formed a Bullish Flag. It has been rejected by the bottom of the channel several times. I expect that the price soon breaks above the Flag and continues to go higher,. It might have a Pullback before it goes higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 150.00
☕️ TP1 165.00
🍺 TP2 173.00
🍻 TP3 183.00
🍾 TP4 194.00
🍷 TP5 213.00
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 142.00
Good Luck 🎲
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Solana Idea. Big IncreaseKey area is the yellow square poised intitially above 1.618 in the first circle
Then the second yellow square is very comparable however this time it is above 2.618 in he second circle
Both can be also assumed to be at the .236 fib retracement.
Solana I expect, despite the memes, a project that will align nicely with Ethereum, a possibly act as a competitor.
~$2300
Ethereum terms apply. Do not rush.The domino effect applies.
BTC+ ETH+ rise ALLCOINRise
BTC+ ETH+ down ALLCOINDown
We compared it to Ethereum. But Ethereum is not. Solana, Ethereum Classic, Neo, Ada,Dot, etc. as smart contracts.
They will leave it in the middle like a doge coin.
I will not let anyone else destroy the tower.
Me and my team will destroy it personally.
This pain is unbearable. It will not fall. It will crash.
Identify non-falling places. We're going to lower it.
Good luck with our new Doge coin.
Lots of gains.
Trading Cycle |Optimism.
Slowly, without fear.
without pain,
We're planning to explode it at once.
3 times more than in the past. We will enter such an open position. that there will be no such thing as Stop.
Is the decrease 10%, 15%, 20% or 25%? 50%? %80?
Let it rise, let's fall harder. Open your way up.
Get harder, get tougher.
If Ethereum goes down, don't pity any coin. (SHORT)
Fire Everything. (SHORT)
The fire is close to extinguish. Throw wood on the fire. (SHORT)
You saw that the fire was going out.(LONG)
This time, pour Water on the Fire. (LONG)
Plant Saplings in the Ashes. (LONG)
Crypto Catastrophe Planning (Sol, Luna and ADA/Cardano)I have spent some time looking at the dollar (DXY, see the linked Idea please) and it has a lot of upside potential based on some simple TA on the monthly time frame. Based on that potential prolonged dollar strength I think some crypto Crypto Catastrophe Planning is in order.
Last bear market one of my favorite analysts, Francis Hunte, called his XRPBTC short the gift that keeps on giving due to its continued downtrend trend on the weekly. Of course you don't get the same gains perhaps as being in and out of bounces on XRPUSD but you save yourself a lot of mental energy from the chop up and down that we see below. XRPUSD rallied less than BTCUSD, which means a red day/weeks for XRPBTC, and it dumped more than BTCUSD, which means another red day or week for XRPBTC. An entry within the blue triangle of XRPBTC looking for a break down would have been very profitable for the patient.
If we take the same idea for our catastrophe planning we would be looking for structures that we can play technically for entries that could pay out for the next six to nine months, or even longer. Cardano is in a rising wedge with three touches on the support and 2 touches on the top. That gives us a structure to play very technically. SolBTC has popped out of a rising wedge. That is very much blow off top behavior and often we see price action find tenuous support on previous resistance before falling through the wedge. Then price action has a chance to turn previous wedge support into resistance.
I have taken a short on ADAUSD due to the weakness I see on the daily chart for both ADAUSD and ADABTC with a stop loss taken at the high. I have two flat topped red HA candles and I will be looking for the wedge break down. If I see the ADABTC wedge breaking down I will put on a ADABTC short
SOLUSD is likewise popping out of its rising wedge but hasn't shown the weakens I want for a short just yet. There is a pregnant HA candle so I could go in with a sell stop but Imma hold off SolUSD and SolBTC shorts for now
LunaUSD looks very primed for a move to the downside. It is in a rising wedge and has bearish divergence on the 8 hour time frame. Once we see some downward movement we can evaluate if we think it will be prolonged or perhaps continue to chop. I am holding off on shorting for now.
[UPDATE SOL] BYE BYE SOLANA, See you soon! It's EGLD TIME!Well, this is very easy.
First,
--> 130-140$ (0.38 fib level)
then,
--> bounce back to 160$
then after some consolidation between 120 and 140,
--> 85-95$ (aprox 0.618 fib level)
then after some consolidation between 80 and 100$,
ready to go up again.
See you soon. It's EGLD time!
SOL/USD - Time to be careful on Solana! 🙃As you can see from this simple chart, Solana appears to be at the end of wave 5 in a beautiful Elliot Wave structure. Once this structure is completed, expect a correction, maybe an ABC towards our support around $50.
I don't exclude another green week, but this is not the time to buy. This is when you slowly secure profits and sell. The waves are perfect both on USD and BTC pair, so there are no divergences here. Chart is pretty clear.
On daily, MACD is starting to curve down, if we have a bearish cross that is your last signal to exit. Because holding then has no point unless you play the long game.
For now best to be cautious and use your cash for better opportunities. SOL already gave us an amazing rally.
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Solana (SOL): Massive Upside PotentialIn this post, I'll be taking a technical approach to Solana ($SOL) .
Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.
Analysis
- Solana is currently ranked #6 in terms of market cap, with a size of $58B.
- It is a rising platform that is arguably more efficient and cheaper than existing ones.
- Looking at the technicals, there are three main points that I found to be very bullish:
- First, we broke through the trend line resistance that connects the higher highs.
- Also, despite the massive price dump that took place across the entire crypto market yesterday, Solana has managed to maintain its momentum.
- Third, the volume continues to increase as we trend upwards, demonstrating confidence from buyers.
- The moving averages are also aligned in order, indicating that the overall uptrend on the longer frame is intact
- Counting waves, we can see that we are currently in the midst of the fifth impulse wave.
- Based on fibonacci retracement levels, we could expect strong resistance around $250, with a target up to $770.
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