Sol is Currently Retesting Descending Channel if Successful Sol can Ready to Go Big Potentially 20$ to 25$ Range This All depends on BTC if It dump hard Then Sol will be back to 8$ range Good luck Guys
ETH 2021 COVID Dump
SOL 2022 FTX Dump
Watching this potential #fractal:
1) 60% down move with 5x+ normal volume (Capitulation Volume) and Bullish Divergence.
2) Descending Triangle formation.
3) Breakout of Descending Triangle + Mark-Up (?)
Key for this fractal is $12 needs to hold and need volume expansion out of this LTF downtrend.
$12.25 This could be it: the last support of a once leading project. Below yeah, you have that 10-dollar support but... how tiny and thin it gets from there? It seems pressure is at its highest. sad thing
Besides the issues, this is not related to SOLANA itself but to the FTX-Fiasco.
So terribly sorry, for all holders, myself being one of them.
This seems beyond recovery from an Eliott perspective. Surprises do exist, but the storm is unleashed.
SOLANA is at the verge of literally loosing recovery capabilities.
Further pressure downwards would imply yet another leg down and targets are worrysome. 0.886% Fibonacci being exceeded as I write this comment :(
Getting DM's about 48M Solana being unstaked upon the conclusion of the current Epoch. As you guys know how I feel about events, news, etc... worthless as it pertains to trading.
My order for 1,000 SOL at $14.50 stays in place. I can buy 1,500 more. I do not see this breaching the 2.618 down at $10 area displayed on the above chart. This is a capitulation...
Thanks to @cyberharry06 I have managed to confer some price quote stability with using the feed from BNB. The above chart is how I see this 5 wave pattern reconciling. I have decided to not mess around with this so I've entered a limit at $14.50 of 1,000 SOL.
It is there that I will acquire a large portion of my intended acquisition for SOL. If I don't fill...
=== Time window ===
01 / 01 /2022 - 23 /10/2022
=== Example settings ===
Initial capital = 1000 USD
Stop loss = 8%
Trailing percentage = average amplitude of weekly price movement
Arm Trailing = standard deviation of amplitude
sell based on strategy = Disabled
DCA = Disabled
Cool down = 12 hours
=== Base currency ===
=== Disclaimer ===
SOL has received bullish winds in its sails after finding the local bottom few days ago - it gained 6% in the last 24h only, totalling a 16% increase in 3 days.
On the 8h chart, it looks like it's repeating the rising wedge pattern that broke bearish after the CPI results were released last Tuesday. This kind of pattern is more likely to break bearish than...
Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph