Long - swing trade with 1H and 4H I just entered a long position mainly based on the chart set up in the 4H and 1H charts.
Daily (I always check daily)
Stochastic has reset and is moving to the upside.
4H
All 4H momentum indicators are clearly moving to the upside.
The 4H stochastic has just entered the bull zone, which gives enough time for the price to move up in the 1H chart.
4H candle closed above EMA 21.
1H
1H momentum indicators are all in the bull zone.
Soldusd
Solana: Still heading to 105$Solana completed five primary waves up, from $22 to $215$, with the fifth primary wave being the extended one. When it is the case, Robert Pretcher says the price tend to correct to the bottom of the second secondary wave (see orange line level). From the peak of $215 to a local bottom of $135, Solana finished a primary wave A. Price bounced from $135 to $170 as a counter trend primary wave B, which was indeed a big bull trap. Solana is now forming its primary wave C that should take the price all the way down to $105. So far, it appears it has completed secondary wave 1 and 2 of primary C and we are going tonight with the secondary wave 3, this means we should plunge hard, possibly on the news that Evergrande is going to default on its debt payments.
Solana not care about Elon FUDsQuick update on SOL. When everything is dipping and SOL is Pumping it means only 1 Thing. When BTC will pump back SOL will M00n.
BTC have a small Market Dominance Right now so every BTC pumps will be more bargains on alts.
-------------------------------------------------------------------
Trading Parts :
- Buy Zone now 50$
- Rebuy Zone 45$ (Strong Buy there)
- TP : 68$
------------------------------------------------------------------
Happy Tr4Ding!