Not intended to be a piece of financial advice. Playing SOL/USD pair based on TA is way more profitable than following the hunch of feeling or riding the social media news to catch up with the swings or get into the FOMO. I do not care what my mind sees or my heart says when markets are in turmoil. Avoiding emotions and impromptu thoughts has hit me hard in the...
Last night I posted..."I'll continue to update on this trade until we breach today's low in which case it's a busted pattern and no one should still be in this set up." I am hoping the individuals who were in this set up had stops in place as we are now leaking to the downside. Whereas technically this still can be a wave 4 until we breach $35.30, all Fibonacci...
Unfortunately for its users, Solana is facing serious network issues once again as the blockchain is having problems keeping its status normal since May 17. Famous Solana critic and author of Week in ETH News, Evan Van Ness, shared data on the real Solana uptime in the last two weeks. Solana is facing a clock drift issue, which is a delay in on-chain time caused...
As I posted this morning my parameters for the suggested trade I set my stop at $42. It was a small order but nonetheless I was obviously stopped out. If you're in the trade still please know what your risk levels are and establish stops. I have posted many times, I'm not a trader. SO for me to get stopped out and then price run away from me is kind of a...
Solana (SOL) forming a bearish pattern to retest the $23-$24 mark resulting in a -45% or more drop to it's previous level of support from the past. $17.12 will act as a very strong floor support for the price to push back to a resistance level of $48.87 again as an attempt of bulls to regain momentum.
First let me begin by saying thanks to the followers who took time out of their evening to reply and give me a thumbs up. I don't ask for feedback out of some narcissistic need to feed an ego. I want to see if what I'm contributing to Trading View is helping or is important to some people. In the absence of that knowledge I'm sure no one would find it...
I post 4 regular updates per day. 2 on Solana and 2 on the SPX. Those who follow me do not pay for my time. I rush to get my schedule free each night to publish these updates for you. I wake up early to publish updates for you. The price from now on for my time is a "thumb's up". Please understand without feedback from my almost 500 followers I may conclude...
On a day when the US Indices were up most of the day Solana was down. This weakness even when catalysts exists is concerning to me. With so much overlapping price action even if we were to go down to the .618 retracement area at $44.43 and rally from there impulsively, this whole overlap with a downward bias could then be considered an Leading Diagonal down. If...
My analysis is something i have worked on for a very long time and wish to share it with a friend via twitter
Hi, to you all. Here I have layin an idea for the SOLUSD chart. In my oppinion it is going UP but if I am misstaking please correct me.
Between today and tomorrow things should clear up in this bottleneck area of price action in the high $40's and low $50's. The time-fame of this minor (Black Square) B wave is getting long in relation to (Black Square) A wave. Today will make it 3 times as long which is getting to be unusually long. When B waves tend to overly extend in relation to their A wave...
Solana looks pretty easy to chart in terms of Elliott Wave, there are some very clear and easy to identify wave cycles. For me it looks like Solana has one last small leg down to the $19-$20 area to complete a WXYXZ corrective leg; after that we should see a nice push upwards.
We jockeyed around some today but in the end we didn't take out any support or resistance. We look to tomorrow for additional clues that will provide for what price intends to do. I default to my primary which is next stop $73-$79. A trade below $44 means we are most likely going to new lows. As long as we're above that price we go should edge up.
This is SOLUSD inverted A cup and Handle is present, with a flag formation above the handle This will likely lead to another breakout (downwards, as the chart is inverted) Daily Chart
If we take out support at Square Box B from 5/19 we have support $44 which is the .618 Fib retracement area. This is represented in my ALT purple count and perfectly reasonable. Below that and we could be headed to new lows. In the absence of that happening we should expect a "c" wave up as soon as today. First clue price is headed to $73 is a trade above...
Most cryptocurrencies fall back to their one-year-low and fluctuated in a narrow range over the past week. We can find that US stocks, which are also risky assets, fell back to the previous low, but its bulls are more dynamic than BTC in the same time last week. So it may take a long time for the crypto-market to restore bullish confidence after the LUNA...
SOL is looking great, coming off 'BUY NOW' lows and in process of rallying to $70. I'm in this trade from $49.00 putting my $ where my mouth is. May the Force be with you.