Very Bullish!!
Solana chart looks very bullish. The price is currently dropping but I think it is a very healthy correction.
Weekly chart:
1) all momentum indicators just entered the bull zone.
2) The chart is forming higher highs.
Daily:
1) EMA55 finally crossed EMA200. The last time they crossed w
Trading activity
Transactions 28
BuysSells
1414
Volume 1 KUSD
Buys volumeSells volume
496504
Traders 20
BuyersSellers
812
About SOLVVS_80FDCC.USD
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Solana Approaching Key Resistance: watch for $219Hello guys!
Solana has been trending strongly inside a rising parallel channel, recovering steadily after a significant 33% correction. The bullish momentum is clear, and the price is now approaching a key resistance zone near $219.84, which previously acted as a major turning point.
Here’s what I
SOLUSD – Recovery Faces Wall at $193SOL broke below $198, hitting a low near $179, confirming the short trigger from the last setup. Since then, it’s building a grind-recovery, reclaiming $189 but stalling at a confluence zone ($191.84 resistance and SMA200 near $193.11). RSI at 59.41 still favors buyers — but SOL needs a clean break
SOLANA ready for Explosion? Textbook Elliott Setup unfoldingSolana – Textbook Elliott Wave Structure Unfolding!
Clear impulsive fractals, textbook ABC corrections, and precise Fibonacci reactions – this 1h chart on CRYPTOCAP:SOL is a dream for any Elliottician.
We’re currently finishing wave C of (4) within a well-formed bullish impulse. Key support lies
SOLUSD H4 | Bullish bounceBased on the H4 chart analysis, the price could fall to the buy entry, which acts as a pullback support that aligns with the 50% Fibonacci retracement and the 138.2% Fibonacci extension and could bounce to the upside.
Buy entry is at 167.42, which is a pullback support that aligns with the 50% Fibo
Opened longI opened a long position.
Ideally it is safe to wait for EMAs to line up for the bull trend (EMA21 > 55> 200) in the Daily chart. However, there are many indications that the price will start to move to the upside and the upside move might be quite aggressive. So I decided to open a long position
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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