apeastronaut404

Solana (SOL) is trading at a pivotal zone where price structure, harmonic patterns, and key technical indicators converge. This setup outlines three potential scenarios, guided by Fibonacci levels, auto trendlines, and momentum indicators.Green Scenario (Confirmed Bullish Continuation)A sustained hold above $155, especially if followed by a breakout through $156.50 with rising volume, would confirm the green path. This scenario reflects short-term bullish momentum strengthening, as RSI remains near 60 and PVT continues to climb. If confirmed, price may extend toward $160, with secondary targets in the $165–$172 range, aligning with the upper ascending trendline and harmonic extension.Orange Scenario (Sideways-to-Bullish Consolidation)This scenario becomes increasingly likely if SOL remains range-bound between $153.50 and $157.80. This consolidation zone overlays the 50–61.8% Fibonacci levels, Bollinger Band basis, and several key trendline intersections. With RSI holding in the 55–65 range and PVT stable, this setup would favor re-accumulation before another breakout attempt. Price action above $155 continues to support this scenario as the base case.Red Scenario (Bearish Breakdown)A breakdown below $153.50, especially if followed by a breach of $150 on high sell volume, would invalidate the bullish thesis. This scenario opens downside risk toward $147.35 and potentially $144.00–$140.00. RSI would likely drop below 50, and a flattening or declining PVT would confirm distribution. This path aligns with the broader red trendline and would indicate a rejection of the recent bullish breakout.Indicators Used:Bollinger Bands (BB 20, 2)Relative Strength Index (RSI 14) with moving average overlayPrice Volume Trend (PVT)Auto-generated trendlinesHarmonic Patterns (ABCD and XABCD)Fibonacci Retracement and extension levelsBias:Short-term bullish if price holds above $155. Market structure, RSI, and PVT favor upward continuation or consolidation. A break below $153.50 would shift the bias toward neutral or bearish.Strategy Outline:Bullish if price breaks and holds above $156.50Targets: $160 / $165 / $172Bearish if price breaks below $150.00Targets: $147.35 / $144.00 / $140.00Scalping opportunity in the $153.50–$157.80 zone while awaiting directional confirmation**This analysis is for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial advisor before making trading decisions. The author is not responsible for any losses incurred from reliance on this analysis.**

Solana (SOL) is trading at a pivotal zone where price structure, harmonic patterns, and key technical indicators converge. This setup outlines three potential scenarios, guided by fib levels, auto trendlines, and momentum indicators.Orange Scenario (Moderate Bullish):Price has recently bounced off the 0.618 Fibonacci retracement (~$149.50), suggesting short-term bullish momentum. However, the orange path indicates a likely move toward resistance around $153–$154.50, where previous structure and upper Bollinger Bands align. Without strong confirmation (e.g., volume spike or RSI breakout), this area may reject further upward movement and trigger a reversal.Green Scenario (Confirmed Bullish Breakout):A decisive break and close above $154.50, supported by increasing volume and RSI holding above 60, would signal a breakout continuation. In this case, price may target $158 to $160, completing the bullish harmonic projection and extending the current trend structure.Red Scenario (Bearish Breakdown):Failure to hold the $148–$149 zone would validate the bearish harmonic pattern. If confirmed, this breakdown opens room toward lower support zones at $142.50 and $136, especially if PVT weakens further and RSI dips below 50. Downside pressure would likely be amplified by the prevailing downward trendline.Indicators Used:Bollinger Bands (BB 20, 2)Relative Strength Index (RSI 14) with moving average overlayPrice Volume Trend (PVT)Auto-generated trendlinesHarmonic Patterns (ABCD and XABCD)Fibonacci retracement and extension levelsBias:Neutral at the moment. Awaiting confirmation via price reaction at key support and resistance levels.Strategy Outline:Bullish if price breaks and holds above $154.50 (targets: $158–$160)Bearish if price breaks below $148 (targets: $142.50 / $136)Short-term scalping opportunity within $149–$153.75 zone pending further clarity*This analysis is for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial advisor before making trading decisions. The author is not responsible for any losses incurred from reliance on this analysis.*Switching to short term bullish. (today ~ tomorrow). New Idea post coming next.tradingview.com/chart/SOLUSD/1AZcSiok-SOL-USDT-at-Key-Inflection-Point-Breakout-or-Rejection-Part-2/. Check Part 2 for most recent analysis (16/06/2025)