Price and time analysis of Solana, Structure of Wave B
Updated
Hello dear friends, I hope you're doing well.
As you can see, Wave A has completed, and we're now inside Wave B.
The structure of Wave B closely resembles Wave 4, with the difference being a throw-over.
Typically, it moves within a pattern like a triangle or a sideways range.
In this wave, the likelihood of a fake breakout is high.
Essentially, it's a wave of deception. I hope you find this beneficial.
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(As you can see, in Wave 4, the price moves within a triangle or sideway.)
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Time analysis:
March 30th is a very important day.
The period until April 13th is likely to be the last bearish days for Solana.
I take a short position from 190$ area.
My final target is 120~110.
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
As you can see, Wave A has completed, and we're now inside Wave B.
The structure of Wave B closely resembles Wave 4, with the difference being a throw-over.
Typically, it moves within a pattern like a triangle or a sideways range.
In this wave, the likelihood of a fake breakout is high.
Essentially, it's a wave of deception. I hope you find this beneficial.
----------------
(As you can see, in Wave 4, the price moves within a triangle or sideway.)
----------------
Time analysis:
March 30th is a very important day.
The period until April 13th is likely to be the last bearish days for Solana.
I take a short position from 190$ area.
My final target is 120~110.
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
Trade active
We've reached the $190 range. There's a possibility of breaking through resistance and forming a bearish harmonic pattern.Note
Hello dear friends, I hope you're all doing well.As I mentioned in previous analyses, as we approach the Hawking, the news tends to worsen.
Ftx exchange news will have the most impact on Solana.
In my opinion, we're still completing wave B. To clarify further, I delved into Solana's past dominance (SOL.D) .
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After completing a Bullish cycle, a bearish harmonic pattern has formed at the ceiling. The downward trend began 25 days later.
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And now, after completing an upward cycle, we've completed a bearish harmonic pattern.
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In terms of time analysis, April 12th seems crucial. The 25-day interval from the D range precisely matches the date obtained from time analysis.
If there's any change in the structure, I'll update the analysis accordingly.
Trade active
Trade active
I hope you've utilized all the warnings I've given. I'm glad the timing analysis for selling the FTX asset was accurate.My first target is in the $157 range, and my final target is in the $128 range.
Here are a few reminders for myself and newcomers:
Typically, when you identify the start of a wave and intend to open leverage positions, considering capital management, open multiple positions simultaneously.
For example, I opened three short positions within the $200 range. Why? When the price reaches my first target ($157 range), I'll close two of my positions.
What's the reason for this? I've secured profits in the right zone and have more liquidity to find a new range for short positions.
Another important psychological point I've often experienced for myself to share with you: whenever, within a timeframe, the number of correct analyses you've made exceeds your wrong analyses, doubt the market. The market maker psychologically empowers you, making you feel strong. You might say to yourself, 'My analyses are correct, so why not go higher with the leverage?' It is at this point that your profits give way to your losses.
In short, the financial market is no joke. Thank you for reading this text; I won't take more of your time.
P.S.
Two days ago, while watching a movie, I noticed my phone ringing. It was my brother, a hairdresser whom I visit for trimming my hair.
He had no knowledge of the crypto market and wanted to make a heavy purchase 😂. Right there, I realized I should check the charts to find a bearish signal.
I said, 'This is the biggest short signal in history.' And it happened just like that; I spotted this triangle and said, 'Wow, the time has come.'
Trade active
According to Blockaid's data, 50% of the pre-sale meme coins (worth $50 million) on the Solana network were fraudulent.My final target is 100$
Trade closed: target reached
"This wave of C is the same infamous killer."Trade closed: target reached
😎Note
It will be updated soon.
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