Today we moved with a slight upward bias. Several days ago I warned the longer this takes the worst it will be. What's behind that statement? It's simple. TIME.
If we reset the technicals on the daily chart we'll just continue lower all while building positive divergence. As of now the daily chart MACD is just above -8. See below chart.
The most recent...
Resistance is at 41.63 and the price keep failing to even touch and test it. this is a bearish sign and since our support shows a great distance at 28,99 one needs to be careful.
We hope to see the price break over 42 and then it can rise fast to 46$ and 50$ but for the time being Pressure is ON and the chart looks very bearish to us.
Bea careful.
One...
#Solana Blockchain is Down AGAIN, how this could affect the price....
NOTE: Price Line Extension (White & Yellow) is Only a Visual Representation how Price May Move in the Near Future
with Unknown Specific Time Frame Depending on the Speed of the Price and Variables of the market
NFA
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To Follow All...
This morning we wake up to price weakness carried over from yesterday. When I wrote last night's evening update it appears now that sub wave 3 was not finished. Right now we have a slight retrace for a sub wave 4...One more low would give us 5 waves down from our $48 weekend high. We would need a wave 2 retrace and from there it starts to get easier to...
Spiral Fib, with Oscillators on a larger time frame.
Spiral showing exit to new formation, next trend direction.
This allows the timeframe to be estimated.
FOMO: The "Fear of Missing Out". It should be a clinical disease as it pertains to trading. I have never understood the FOMO phenomenon. Nonetheless, it's what makes markets...you need buyers and sellers an without one of those...you have a one sided market. Long have I warned my followers we had not bottomed when we struck $35 last month. We rallied as high...
Wait for a Breakout & PullBack.
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Past performance is not indicative of future...
''Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord''.
It does not sound like good news to anyone but come on now: NO NEED TO PANIC:
Here is what happens to the World's BIGGEST STOCKMARKETS: It's called Trading Halt there...
Anyways,
we have been short on SOLANA and it went well...
Welcome to June 2022. Is this the month we bottom? I think so. Why? You ask. Last week marked the 8th straight down week. This streak is only matched by the massive 8 week bull streak in 2021 when Solana eventually hit it's ATH ay $259.995. We've never traded 9 straight weeks in any direction. That's not to say the improbable will not happen. So we look...
FTX:SOLUSD Is moving nicely today. We had a nice spike low into the first CIT window today. Now looking for a move up into 14:30 this afternoon.
If for some reason it moves lower into this time then we can expect a reversal from there to the upside.
On the longer term for this if it holds the recent low at 40 then we have anupside target of 64 completing the...
Today was not particularly telling in any direction. However, I'm hopeful the new month of June will bring some clarity to forecasting the remainder of 2022. In the shot term I'll reiterate again, until we break either $54.60 or $39.95 we have a 50/50 standoff.
Best to All,
Chris
With the breach of $47 over the weekend the expanded wave 4 has been resurrected from the dead. Purple path is confirmed with a trade over $54.70 whereas black is confirmed once we beach $39.95. Until then, we have no answers.
Not much else to say.
Best to All,
Chris
Last week, we saw that when ETH fell, BTC was supported and did not fall synchronously, and in the second half of the week, we saw a large drop on the correlation between NDX and BTC that remained high for half a year. Will these phenomena lead to new market trends? Our followers will know that we have talked about the lack of bullish power again and again over...
I have expressed myself before clearly.. I do prefer CARDANO vs SOLANA :
I would buy this at 28$ or be wrong and Buy it at 52$.. that's me, do your own research always.
One Love,
the FXPROFESSOR
Naturally i am a Turtle when it comes to trading.. Be a rabbit when it comes to other activities :
Looking for relative equal lows(liquidity) at 19$ to get taken out before the real bullish move initiates. in correlation with btc targets sub 20,000$. Buying region 19$ and below.
Patience.
Hi traders:
SOL has been in a consolation since last year in November, and price has not form into a possible structure that could give us a buy opportunity in near future.
We can see from the previous higher time frame impulse move, price pushed up aggressively, and has now formed into a descending structure.
With a few swing highs and lows, price has slow...
