FIB, Elliott, and a wedge pattern to show micro levels of support and resistance.
I think this scenario is quite probable. We are likely going to start the C wave of our ABC correction to the 5 wave that was completed over this weekend. I'm looking at a target of around $3800, which is between the .618 and .5 fib levels.
CRYPTOCAP:ETH has experienced a significant price increase over the past month, and it appears that a correction is long overdue. It seems that sellers are now pushing the price towards the correction. My preferred buying area for ETH is within the green box, which aligns with FIB and a support line at $3360.
SOL has been gaining momentum, but its short-term price increase percentages are still lagging behind BTC and ETH. However, I believe that SOL will soon flip that momentum. The question is when exactly that will happen. I have identified some areas of interest on the chart. The red lines represent the lines of resistance, while the green lines indicate the...
I noticed that a bear flag is forming which may bring down the price of CRYPTOCAP:SOL to the ascending trendline. I bought in at $127.50 and sold at $132.45. I am planning to buy back in after the dip. The technical indicators and time frames suggest that CRYPTOCAP:BTC is way overbought. If Bitcoin experiences a correction, then CRYPTOCAP:SOL will most...
There's an obvious and powerful ascending trendline that could indicate a lot of further upside, strictly speaking, from a technical point of view.
Ascending channel and coiled up stochastics could point to buying op.
I am very bullish $NIO. Both technically and fundamentally.
We need to break the downward trendline and lines of resistance before moving back up to 23.4.
We made it below the 50-MA and could head down, past the immediate fib level, to .618. If we reach that golden pocket, I would go big on a long position.
We're now trading below the 50-MA, not a good sign. There is also a descending trendline (blue) that is creating the path for further downside. We need to see the gold ascending trendline hold as support for us to find a good swing trade setup to go long.
If you like my charts please follow me, hit the like button, and leave a comment with any feedback. Things to understand and consider... Solana is overbought on the daily and weekly but Solana does what Solana wants to do. There is a chance we could dump to $174, however, I believe that to be unlikely given the fundamentals. ALT coin season is EXPECTED to be...
If we break the neckline (orange) we'll find support very close below it. However, I give it a low probability that the H&S pattern plays out, that we go all the way down to that support zone. Let's see!
Should we break the top of this mini-channel and head to the top of the MAJOR channel (purple line) then watch for a retest of the mini-channel (red line) with a confirmation of support and a continuation. Should we break the mini-channel to the downside, the first level of support is $233, followed by $220.
All the news, partnerships, Brave and The Graph, and all the other bullish cookies reinforce my narrative of a $300.00 Solana by November 18th. Right now, the cycle is repeating whereas FOMO traders are pushing BTC up with maximum leverage. As Bitcoin dominance starts to faulter and we see a big correction, ALT coins like Eth and Sol will rip. My short term...
This is a very bullish signal and provides traders with a high probability of a continuation to the $277 area in the near future.
Solana is undoubtably on fire at the moment with no signals of slowing down. I've demonstrated what I believe are the new demand and supply zones of interest.
I point out important items in my included chart. If you enjoy my TA, please consider liking and following. Thanks! 1) The all important ascending trendline (GOLD) that has been the most influential TA asset since the 10X run this year. 2) The POSSIBLE Head and Shoulders pattern. Should Solana break through the golden trendline and the neckline of the H&S...