Solana: Going Up vs Going Up (6X Short Incl.)
There are two ways to see prices going up:
1) Going up within an uptrend, this produces and advance.
2) Going up within a downtrend, this ends in a new drop.
1a) The first going up, bullish, always tends to end in a higher high compared to a previous price peak on the chart.
2a) The second going up, bearish, tends to end in a lower high compared to previous price peaks on the chart. Sometimes the second going up can produce a higher high in the form of a double-top before resuming to produce a new drop.
➖ Between October 2023 and March 2024, we have the first going up. A bullish impulse and this produces an advance. Higher highs with each move.
➖ From the March peak SOLUSDT produces a drop that ends in April 2024. There is a going up here of the second type, the move ends in a lower high and produces a new drop.
➖ There is another low set in August and the current going up is of the second type, within a lower high with really low volume. After 87 days of bullish action we have no new highs. For Solana to produce a new high here it needs to grow by an additional 10% or up to 20% if we count the bigger chart structure.
I am bearish on Solana because of this dynamic and a low volume rising wedge. Bitcoin just hit a new high but not one of these pairs are moving ahead.
➢ When Bitcoin peaked in March, everything was booming; this is a bullish impulse, a strong advanced.
➢ When Bitcoin is peaking today, everything is dead; this is bull-trap before a crash event.
This is the last call, here you have the full trade-numbers for SOLUSDT with 6X.
✴️ Solana PREMIUM Trade-Numbers Pt. 2, 6X SHORT—378% Potential
The trade-signal hit one target and moved back to entry price. The numbers are good now.
Thank you for reading.
Your support is appreciated.
Namaste.
1) Going up within an uptrend, this produces and advance.
2) Going up within a downtrend, this ends in a new drop.
1a) The first going up, bullish, always tends to end in a higher high compared to a previous price peak on the chart.
2a) The second going up, bearish, tends to end in a lower high compared to previous price peaks on the chart. Sometimes the second going up can produce a higher high in the form of a double-top before resuming to produce a new drop.
➖ Between October 2023 and March 2024, we have the first going up. A bullish impulse and this produces an advance. Higher highs with each move.
➖ From the March peak SOLUSDT produces a drop that ends in April 2024. There is a going up here of the second type, the move ends in a lower high and produces a new drop.
➖ There is another low set in August and the current going up is of the second type, within a lower high with really low volume. After 87 days of bullish action we have no new highs. For Solana to produce a new high here it needs to grow by an additional 10% or up to 20% if we count the bigger chart structure.
I am bearish on Solana because of this dynamic and a low volume rising wedge. Bitcoin just hit a new high but not one of these pairs are moving ahead.
➢ When Bitcoin peaked in March, everything was booming; this is a bullish impulse, a strong advanced.
➢ When Bitcoin is peaking today, everything is dead; this is bull-trap before a crash event.
This is the last call, here you have the full trade-numbers for SOLUSDT with 6X.
✴️ Solana PREMIUM Trade-Numbers Pt. 2, 6X SHORT—378% Potential
The trade-signal hit one target and moved back to entry price. The numbers are good now.
Thank you for reading.
Your support is appreciated.
Namaste.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
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