Solana’s 2024 Cycle vs. 2020: Hidden Divergence Fractal
In this chart, we’re comparing Solana’s 2024 cycle to its 2020 cycle, with a focus on hidden bullish divergences in the RSI and similar bar structures. Both cycles are displaying key similarities in terms of duration, volume, and momentum shifts, which suggest that SOL might be gearing up for another strong rally.
2024 Cycle (Left):
Hidden Bullish Divergence: The current cycle shows a clear hidden bullish divergence in the RSI, which is often a sign of continuation in the prevailing trend, in this case, a long-term uptrend. This divergence is forming over a 273-bar period (~273 days), very similar to what we saw in 2020.
Volume Analysis: The volume during this consolidation phase is 81.725M, suggesting accumulation is happening despite the price consolidating in a range. Compare this to the 2020 cycle’s lower volume during the same period, and it becomes clear that there’s substantial interest in Solana during this phase.
46-bar Correction: The recent 46-bar correction (~46 days) aligns almost perfectly with the 2020 fractal, indicating a possible repeat of the pattern.
2020 Cycle (Right):
Fractal Comparison: The 2020 cycle, also showing a hidden bullish divergence over a 273-day period, led to a significant rally. After a similar 46-bar correction, SOL saw a major move upward, ultimately breaking through resistance levels. The hidden divergence on the RSI was the key signal of the bullish continuation that followed.
Volume: The volume during this phase in 2020 was notably lower than the 2024 cycle, reinforcing the idea that more liquidity and interest is now present, which could amplify the move when the breakout occurs.
Key Takeaways:
Hidden Bullish Divergence: Both cycles have strong hidden bullish divergences, which historically signal continuation. In this case, that would point to a resumption of the uptrend.
Fractal Consistency: The near-identical bar counts and price structures suggest that the 2024 cycle could follow a similar path to 2020. A breakout from this consolidation could take SOL to new highs if the fractal pattern continues to play out.
Volume: The higher volume in 2024 compared to 2020 supports a stronger potential breakout.
Traders should keep an eye on the RSI, volume, and any price action around key support and resistance zones, as Solana may be setting up for a move similar to its explosive 2020 rally.
Ethkiller
SOL - Wait for Solana's ETF!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SOL has been bearish trading within the falling channel pattern marked in red.
Moreover, the $100-$115 is a strong support and demand zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #SOLANA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
UPDATE 2: Battle planning on Solana looking at EthereumSolana has finally reached the target I identified back in July by looking at Ethereum's structure from 2016 to 2019 and using a simple Elliot Wave ABC correction. This bottom is at the lower end of the green box like I suspected it would be and we also have the RSI for Solana dipping below 30 by a fingernail to hit 29.8. This is the lowest the RSI has been for Solana. A look at when ETH bottomed in December 2018 shows that the RSI was also below 30 by reaching 28.5.
After hitting a bottom in December 2017 Eth would create an ascending triangle formation for about 3 months. While it was in that formation adding to your position at the base of the Bollinger band was a winning strategy. There is no real need to rush into a trade and YOLO your whole stack 10x. I do have a margin position on that I hope will play out nicely.
If this is similar to ETH we should see SOL create a reversal pattern over the next couple of months and then a pump to around point A. Based off some other charts I have looked at price could die anywhere within AB and the chart is still valid.
Last cycle there were some alt coins that didn't form long term continuation patters, they just thrashed around. If Sol does such then its future isn't that promising. Whatever formation develops we can't expect the rally to have to much over-performance. For example, if an ascending triangle develops on SOL but it is so shallow that a fib extension 2 line is no where close to point A then A is a target to far.
So, if things go well, I will be snagging a 430% move over the next six months and with a wee bit of margin and some good entries. There is a chance that SOL could go a bit lower and if it does, I will be looking for the chart to have some bullish divergence and I will reenter lower down. I'll look for a long-term pattern and add at bollinger band support. Easy peasy.
I have linked my other Solana battle plans as well as a dydx trade I entered a few days a go that has treated me very well so far. I see one more consolidation and bull market for crypto.
EOS Pessimistic Targets! $25 ??$160??Hey all, I am following this project for such a long time and seems that a lot of good things are going on with the team, the applications, and all the action near the EOS and Bullish project, soo buckle up guys we gonna have a sweet ride to the top !
From my analysis, if the market and history are going to repeat and the volume from the spring will come in we will have those targets and that top ( that s the pessimistic way but still a good healthy 5x or $25) otherwise the optimistic way is that will see a 20-40x from here ( $40-$160 and capital market of 80-160 billion dollars in next 2 months )
Loading the bags under $10 is a safe way to play!
Pessimistic targets (SAFE WITH NO PUBLIC TRADERS IN no ''crypto influencers'' posting about it or any publicity at all )
TARGET 1. $10.5
TARGET 2. $15.5
TARGET 3. $25
Optimistic targets ( FOMO FROM ALL PUBLIC TRADERS)
TARGET 1 $40
TARGET 2 $80
TARGET 3 $160
Anyway guys buckle up, spring is coming and this spring will be damn short so don t get in love with any projects!
When the markets degenerate ( $150k-$200k BTC or $15k-$30k ETH ) consider cashing in some healthy 90% of the portfolio!
'' Cheers and never keep all the cash on the table!! ''
Chapter 1 of the DOT Story - Polkadot Parachains Polkadot is just really getting started. Today the parachains were announced and the PA reacted instantly.
A famous saying goes "show me the charts, I'll tell you the news".
Well right at the end of a near perfect cup n' handle, parachains were announced. Coincidence? Fibonacci? Random word to sound smart yet mystic-like?
Whether you buy in now or the retest around $37-$40, this is your choice. But 5-10 years down the line when 1 DOT token will be valued over $10,000, you are not going to care whether you bought the retest or not.
$10,000 how? Simple. Polkadot is a layer 0 solution. It is naturally going to solve every other blockchain's problems of scalability vs speed vs decentralisation with its parachains. Don't be surprised if we see a Solana or an Ethereum bidding for a parachain someday to fix their own issues that won't be solved by their (dare I say) centralised base layers.
If there is 1 token that will not only overtake ETH, but overtake BTC, I have my money on DOT. Assuming of course nothing drastic happens to their code.
Why?
DOT's utility is made to drive the price up. When the community are leasing DOT tokens for up to 2 years at a time - multiply that by 100 (for the number of parachains) and then add the fact there will be a large chunk put into staking for governance and, furthermore, DOT's that will be in corporations and countries' balance sheets/crypto reserves, what's left is a very little supply of DOTs left circulating for us.
Let history remember this.
CARDANO FALLING WEDGE CONTINUATION PATTERN!Cardano falling wedge continuation pattern spotted! After Cardano rally for month breaking ATH and make a new leg, Cardano has a deep correction 'till this day. This is the time for Cardano continue to rally, Cardano might drop to $1.8-$1.9 first before go up again.
SOL isn’t done yet!SOL has been been bringing bears to their knees and making them shed tears for weeks! I don’t see SOL letting up, or having a good size retrace until it reaches ~$40 or potentially higher. I expect anywhere from $40-$48 in the short term (by EOM) and could definitely see further growth with rising publicity, Sam’s seemingly never-ending support, and a HUGE uptick in volume in SOL trading recently. I’m extremely bullish on SOL and have a hard time believing it’s not going to be one of the most dominant coins of the cycle! Let me know what you think in the comments...
Promising Project Bad Timing To start this chart looks great, looks...
There are currently 46.6M coins in the circulating supply.
Starting tomorrow ~2 hours from now the remaining ~442M coins will be unlocked and distributed to SAFT Investors, Validators and Founders.
(The Solana team likes to say they are transparent, but information given here: solana.com is severly lacking)
A large portion of these coins will locked from trading for the upwards of two year, needless to say the coin supply will still be diluted starting tomorrow.
I personally will be entering a large position, after the market crashes, laddering into my position.
(I'm already in a small position presuming I've interpreted their transparency report incorrectly)
Good Luck and Safe Trading.
Projection off of Vol Candle x100 Tezos potential ETH DominanceLook at the massive accumulation candle from the March 2020 Dip! That's a lot of buying power.
I'm generally bullish on any coin I believe has interesting and groundbreaking technology. Sometimes I am right and sometimes I am wrong. I know the space is crowded, but so is The Nasdaq.
I really like the Tezos set up for a massive bull run potential.
This is not trading advice.
BNB ETH Fractal. New king in the icospace?Yesterday CZ announced that any ERC20 token wanting to have an competitive advantage to be listed on Binance can switch to BNB's chain instead.
What if the new altcoinrun is powered by BNB, which is already showing similarities.
+ BNB has a bit more utility that ETH
Would be interesting to see if this fractal plays out.
"today CZ said in a livestream that all erc20 token which are willing to change from eth chain to binance chain will be preferred to get listed on binance
8 projects which are erc20 and already listed on binance confirmed according to him to change"
EOS vs Bitcoin Cup & Handle ETH Killer? [BTFD]So EOS has had a very dramatic start to its new ERC20 token life and its continuing ICO/token release and after a half a year some patterns and targets have become rather clear...
First up, i personally have been reading up and looking into EOS and everyone who been saying its the ETH killer, could be correct....
BUT...
are they correct for the right reasons? due to the amount of ETH peeps were scared that the EOS team could sell off their ETH (which has not seemed to have happened) and force the price of Ethereum down, well i can assure you this won't happen while the ICO is still going on, maybe they sell a small % but it would be rather stupid to sell it BEFORE the ICO finishes in July '18
Now the ICO finishes in July of this year (2018) and it is quite possible when EOS create there own custom coin, this is a new coin (not ERC20) with all the potential of ETH but with easier to use, more apps and ZERO gas price/sending charges/fee - backed up with its upcoming apps and projects, EOS is probably one coin you need to have in your portfolio right now, i personally see it doing same as ETH in 2017 and going from under $10 to well over $200+ by end of year and into next year possibly reaching thousands.
So for last few weeks the USD price for EOS has been around $6 give or take, and against Bitcoin it first came down with the btc plummet mid March, and there i was thinking it would come down with every BTC drop, this was a mistake, its been solid and strong against bitcoin in the last few weeks and has not met my rules/conditions for a BTFD buy up again since 17th March at around my first buyin price of 0.00058
So been looking at some different tactics and trying to get a pullback below 0.0008 to renter the trade with a good buy set up
once thing i have been doing to acquire EOS is buying cheap ETH on the dips (following BTC) and putting it into the EOS ICO and getting the tokens that way, seems more profitable right now than using Bitcoin or other currencies to buy it/exchange
Regarding the charts and patterns; im expecting the price to rise up to the fib levels and neckline, and some rebounds on the way for possible entry setups and then further on upwards towards the orginal ICO listing prices of 0.0024btc
holding EOS im looking at minimum 3-6 months
oh and the other thing about EOS that i love is its Chestahedron logo, some very very good videos about this awesome sacred 7 sided shape, gotta massive quantum appeal to myself and seeing really good stuff coming from this project - www.frankchester.com
this right here is a possible crypto millionaires club ticket, so play it safe and get it up while cheap as we still got a lot higher to go all the way up to July where i think its going to moon as the ICO comes to a close and people want to start buying up more
roll on the summer :)
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please LIKE the chart if its useful and if u get profits plz considering buying me a beer, since its very expensive in Australia :P
Big up to all the BTFD crew @Tomtom, @TechP & @Trassos and howdy to all our members who are getting wealthier by the day
(EOS) - EOSIO - Stable growth - 200% Earnings Possible. SOON.Hi Guys!
It'is all green today. Nice to see this. Finally!
Regardles of how much time it lasts we have interesting analysis for you today.
EOS gathered in May 2017 185 mln $ wthout even having a product. Weird ha? But...
EOS was developed by Dan Larrimer, the founder of crypto coins STEEM and Bitshares to be a faster, more scalable operating system for decentralised applications.
EOS is a blockchain-based, decentralised operating system and has been designed to allow commercial-scale decentralised applications by providing the necessary functionality. This is direct ETH competitor and some say they might be ETH killer.
The most notable feature that everyone is getting excited about is horizontal scalability — what this means is the EOS blockchain will be able to allow parallel execution of smart contracts and simultaneous processing of transactions. This could be a game changer.
They claim they will be able to process up to 1 mln transactions per second. IF it happens ETH will be in jeopardy.
Time will tell.
Their developers' team is ranked at 89% which is great result. They have great liquidity (listed on Bithumb, Binance, OKEX)
According to Worldcoinindex their 24h volume is today at nearly 200 mln $ (3rd place after BTC and ETH).
So there is much of the interest of this project.
Meanwhile here are some details from technical analysis:
Stable upward trend since middle of the March 2018
SMA 6 regulary crosses SMA 20
1-5 Elliot Wave pattern finished - small correction expected - then another upward trend expected (as we marked on the chart)
MACD positive convergence
High volume as mentioned before
Very low at Fibonacci scale
Fibonacci Levels:
Target1: 0.00082547 (achieved)
Target2: 0.00113930
Target3: 0.00128228
Target4: 0.00149216
Target5: 0.00174308
Stop-loss: 0.00053551
Time frame: 4 - 6 weeks
Thanks again for all your support, likes and comments. WE LOVE YOU.
Don't forget to look at our another analysis down below. Help us to create the greatest crypto community!
HUGE HUGS!
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CURIO:
Survey of the Finder: Every 1 out of 12 surveyed Americans has cryptocurrencies. It makes over 27 million of people. LOL