Good morning grunts,
What we have here is the price analysis of Solana using the Zero Lag MACD along with the Fast Fourier Transform of the Price looking for signal degeneration. We have here a signal on the 1 Day that is just changing trend and gaining amplitude along with the MACD showing strong buy side momentum and being rejected off the Signal ling. This makes me feel that this price action could continue up to the mid 40's range between now an early March. I would heed caution to those going long as we approach the upper 20's and lower 40's because of heaving sell off resistance. This could be a problem, but it they are flipped they could become very strong support lines. I use the Zero Lag MACD di and establish potential points of inflection from the intersection point of the lines created with the local maxima's and local minima's. These lines as they are tangent to the peaks of the MACD chart make for a good proven indiicator or me that when the price chart approaches the dash vertical lines it is indicative of major price action volatility. The jury is still out on how to discern as whether the price action is selling off or buying in. Im working a strategy tool for tradingview to do just that.
Good luck and happy trading.
What we have here is the price analysis of Solana using the Zero Lag MACD along with the Fast Fourier Transform of the Price looking for signal degeneration. We have here a signal on the 1 Day that is just changing trend and gaining amplitude along with the MACD showing strong buy side momentum and being rejected off the Signal ling. This makes me feel that this price action could continue up to the mid 40's range between now an early March. I would heed caution to those going long as we approach the upper 20's and lower 40's because of heaving sell off resistance. This could be a problem, but it they are flipped they could become very strong support lines. I use the Zero Lag MACD di and establish potential points of inflection from the intersection point of the lines created with the local maxima's and local minima's. These lines as they are tangent to the peaks of the MACD chart make for a good proven indiicator or me that when the price chart approaches the dash vertical lines it is indicative of major price action volatility. The jury is still out on how to discern as whether the price action is selling off or buying in. Im working a strategy tool for tradingview to do just that.
Good luck and happy trading.