1 minute ago
I have said for many months the Solana pattern is a mess. This consolidation towards the lows may only be a "b" wave if minor sub wave ii (Displayed in purple). I'm not a fan of purple and that's why its my alternative count. The time for minor sub wave i and ii is longer than the primary waves 1-2. But timeframe is something that Elliott never...
As impressed as I was about Crypto and especially Solana not making new lows while the US Markets were; I'm equally unimpressed that Solana has not rallied more in the wake of the US Markets having a banner day yesterday and overnight. Key levels are still $35.50 on the upside and $30.00 on the downside.
Additionally, I have been writing about when Crypto will...
SOL was looking ok last week. I thought a nice run was going to play out but this recent news about the major outage that hit Solana a few days ago is showing that Solana has a lot of work to do before it can be used for any real world purpose. Solana has been plagued by outages this year, I think this is number 5 for major outages this year. At this point...
Waiting for this low to come in and give us our next sell level.
Multiple corrective patterns over the last couple of months followed by a sharp drop has set up more downside.
It could get back down below 20 again before the next decent rally.
Ideal scenario would see a rally back to the 38 area in an ABCD pattern over a week.
Lets see how this one plays out..
Log scale. I predict a further decline in Solana's price due to the head-to-shoulder formation and the still unfilled imbalance. Target 1 is very likely to be achieved. The same with Target 2 due to the inefficiency and still unmitigated demand zone. Target 3 is pretty extreme to reach, but we will see.
This overlapping pattern favoring the upside is telling (it is NOT bullish). I want to see how the SPX closes today. If it closes Green, then I will wait till next week to enter a short on Solana. If it closes red and makes a new low...I hope to get a good short entry on Solana over the weekend.
I will NOT do anything till I see the SPX close.
Right now I can...
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...
Flashback: I’m a novice trader in the early 1990’s and I’m hooked. Like most novice traders, I begin to mentally spend my trading profits through visions of exotic cars, mansions and trips to places I cannot pronounce. Two years into trading for my own account, I lost a lot of money. The amounts those losses totaled will remain unmentioned for fear my wife may...
- i am not really a pure fan of Solana because despites what they say " Solana is purely centralized by their own developers "
- that said they have liquidiy, nfts, some use cases, and well it's pretty fast and cheap fees ( when their blockchain works...)
- Everything is in chart.
- check older analysis here :
- Where will you be when SOL will take off ?
I had this plan for SOL some time ago, currently SOL fell down the stairs and fell right into the cellar.
If he can go back and test previous support from below, it's hard to say now.
On Friday the 13th, this day I was expecting a correction, so it is possible that the market maker will take advantage of fear and send it up (eliminate short positions and test...
This is final post in this 4-part series. I hope this has helped some of the people reading it. Let's recap. The below are links to the previous 3 posts in the series.
I think it's best you read them in order. If we're all caught up, let's dive in. My complete strategy/tactics are listed below.
Trading for Profit Strategy:...
Solana is a blockchain fairly new to the crypto game. Attempting to rival smart-contract titan Ethereum for the NFT and web3 crown, Solana has a strong focus on scalability through its hybrid proof-of-history/proof-of-stake consensus that aims to accommodate a flourishing dApp ecosystem. Its native token SOL has enjoyed the successes of Solana-based NFTs, but since its inception has also felt the strain of the network’s tendency to experience outages.