Hello dear friends, I hope you're doing well. As you can see, Wave A has completed, and we're now inside Wave B. The structure of Wave B closely resembles Wave 4, with the difference being a throw-over. Typically, it moves within a pattern like a triangle or a sideways range. In this wave, the likelihood of a fake breakout is high. Essentially, it's a wave of deception. I hope you find this beneficial. ----------------
(As you can see, in Wave 4, the price moves within a triangle or sideway.) ---------------- Time analysis: March 30th is a very important day. The period until April 13th is likely to be the last bearish days for Solana.
I take a short position from 190$ area. My final target is 120~110.
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
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We've reached the $190 range. There's a possibility of breaking through resistance and forming a bearish harmonic pattern.
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Hello dear friends, I hope you're all doing well.
As I mentioned in previous analyses, as we approach the Hawking, the news tends to worsen. Ftx exchange news will have the most impact on Solana.
In my opinion, we're still completing wave B. To clarify further, I delved into Solana's past dominance (SOL.D) .
-------- After completing a Bullish cycle, a bearish harmonic pattern has formed at the ceiling. The downward trend began 25 days later.
-------- And now, after completing an upward cycle, we've completed a bearish harmonic pattern. -------- In terms of time analysis, April 12th seems crucial. The 25-day interval from the D range precisely matches the date obtained from time analysis.
If there's any change in the structure, I'll update the analysis accordingly.
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I hope you've utilized all the warnings I've given. I'm glad the timing analysis for selling the FTX asset was accurate.
My first target is in the $157 range, and my final target is in the $128 range.
Here are a few reminders for myself and newcomers:
Typically, when you identify the start of a wave and intend to open leverage positions, considering capital management, open multiple positions simultaneously. For example, I opened three short positions within the $200 range. Why? When the price reaches my first target ($157 range), I'll close two of my positions.
What's the reason for this? I've secured profits in the right zone and have more liquidity to find a new range for short positions.
Another important psychological point I've often experienced for myself to share with you: whenever, within a timeframe, the number of correct analyses you've made exceeds your wrong analyses, doubt the market. The market maker psychologically empowers you, making you feel strong. You might say to yourself, 'My analyses are correct, so why not go higher with the leverage?' It is at this point that your profits give way to your losses.
In short, the financial market is no joke. Thank you for reading this text; I won't take more of your time.
P.S.
Two days ago, while watching a movie, I noticed my phone ringing. It was my brother, a hairdresser whom I visit for trimming my hair.
He had no knowledge of the crypto market and wanted to make a heavy purchase 😂. Right there, I realized I should check the charts to find a bearish signal. I said, 'This is the biggest short signal in history.' And it happened just like that; I spotted this triangle and said, 'Wow, the time has come.'
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According to Blockaid's data, 50% of the pre-sale meme coins (worth $50 million) on the Solana network were fraudulent.
your triangle is wrong ... or just that count(abcde) I explain: IF EW triangle form at some "top's" = potential w4 ,that mean UP = continuation ... and if that count finish ABCDE with E down (like your) that means price go UP. Maybe line are corect but count it's NOT.
@MynameisTeo I know that the 'd' strike should hit the base of the triangle and 'e' should halve it, but here I mean getting the short position from the $190 range.
HeftyBreadRoll
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@Sadegh_Sh, reading your comment tells me that you did not understand the above explanation why your original post is incorrect.
First of all interesting point of view Tnx for sharing 👌. There are some notes to be considered here: 1. SOL is in a very strong uptrend in 4H time frame specifically and the new range of uptrend has a very strong buy zone around 116$-105%. So there is a tiny chance that it may drop below the price mentioned for the time being. 2. We are in the Premium area of the strong uptrend range and buying here will be so naive. So most traders will try to save their profits here. 3. There are some interesting levels of liquidity at price 141$ - 136$. 4. In Daily time frame we are at an strong zone that can push the price back. So yes it MAY drop to that price and then we MIGHT have a pump around that price we'll see about that. ✌😉
Sadegh_Sh
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@AlirezaNas Thank you for completing the analysis so accurately and professionally. This is truly an expert opinion. Thank you 🤝
BadassQueen
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I was looking for your posts on Binance only to realise just now on my email that you write on trading view. Great post thank you.
Sadegh_Sh
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@BadassQueen I really needed this type of comment. Thank you for your kindness.
Maybe line are corect but count it's NOT.