We get into the weeds so much I thought we could take a break from that this evening and remind ourselves of the future opportunity with some perspective. I get a lot of DM's for a long term perspective. First, I’ll point out top right corner of this chart. Provided MACD does not go below the A wave low set end of January 2022, (Black arrow in MACD section)...
Yes. I believe so. As overlapping as the price action has been, there's only so many to ways to count this pattern. Most everything is a 3 wave move and we never really sustained any momentum for a period greater than 3-5 days only to come back and overlap price and start again. As of this morning I am now counting this as an ending diagonal that has...
Don't fall in love with the upside as SOL has been forming a bearish strucutre.
SOL - reaching local top status with this triple test of the highs. Will watch for prices to correct back to the larger upward channel.
This advance I must admit is FUGLY. I mean it's downright anemic. Suffice to say we are still above the no trade zone ($42.07) so I'll give the benefit of the doubt to Solana for the time being. The black count has turned into a possible ending diagonal for wave 5 of C. As I have said previously, I'm not holding my breathe...but I have not declared the death...
Two days ago, I posted how the market is tipping over to the bullish side. Today is a continuation of that post. If you want to look at my previous post, please take a look here. The volume weights for today to recreate this exact chart are the following (enter it in symbol...
Hi guys, as you can see in the chart, the correction wave (c) is not yet completed and continues to $19 or $6.3. so i recommend you if you wanna get a position just get short position and if you wanna hold this crypto currency wait until this wave completed. this chart will be update when price get there. If you agree with my analysis or you are happy,...
The price is in the ascending channel. Currently there´s no low risk entry for long therefore we recommend to wait for a pullback as we expect the price to retest the lower boundary of the channel and from there continue its mid-term uptrend.
The overnight session didn't bring us any surprises. As noted yesterday evening, we came right into the ideal area for a wave 4. I am now looking for a wave 5 decent that at the very least takes our the low of $35.30 set yesterday. I would imagine this can take a couple days or more to complete. Although the MACD indicator seems to have reset for a decline on...
SOLUSD Target 50.6~52 As S&P 500 keeps going up, BTC follows and SOL follows BTC
SOLUSDT is testing bearish resistance. The price is in an upward price channel. Also two MA trend lines, which currently play the role of support, confirm the rising trend. On the chart, I marked the key zone 42.427, which the price is testing for a possible breakout, also ahead is a strong downward resistance line, it is worth paying attention to. Lately, we can...
lol....If sol does not experience any more hacks we could easily see asset at 58 bucks again.
High Risk trade for #SOL Entry $44.77 Stop Loss: $47.31 NFA
Since my last post I have made a 12% return. I expect further upside with 30% gains with a target of $55.22. Check out the tag link for an updated chart
August 9th was the day where wave IV equaled wave III in terms of time. Earlier in June I wrote about how I thought Solana would take all summer long to complete its wave IV. That suspicion of mine was solely based on the amount of time wave III took to bottom (approximately 55 days). We crossed that point in wave IV on August 9th. Could price be telling us...
Please refer to version 2 for full explanation. This post is divided into 2 because Trading View does not allow to post multiple charts within 1 post. Chris
Regularly, I will be sharing something a bit different moving forward. I have a single chart of the ten major cryptos based on the volume. This volume determines the weight of each crypto in my analysis. This allows us to have a high-level overview of the market’s major movers in one go. If you want to try it out yourself, enter the following formula under...