EbonyFalcon

EbonyFalcon Updated 

I just published my analysis on BTC.  The set up for Solana is quite similar to BTC.    The price broke and close above descending trendline.  All momentum indicators are starting to move upwards.  However, when I analyse major cryptos such as BTC, ETH and SOLANA, MACD seems to be the most reliable indicator to analyse the direction of the price (for me at...

EbonyFalcon

Beautiful chart! The price has retraced to Fib 0.618, consolidated in that level and now moving up. Momentum indicators are in the bull zone. Anywhere below 0.6 is a good entry point if you are not leverage trading. I bought this asset between 0.43-0.47 zone in the last few weeks. I intend to hold it until SUI is going to have the next major correction. ...

EbonyFalcon

Since reaching its ATH on 17th Nov,  GOAT has been moving downwards in the descending parallel channel in the daily chart.  However, there are some signs of recovery:  1) MACD is still in the bear zone (below 0), however, the MACD lines clearly crossed and now pointing upwards;  2) RSI also still in the bear zone (below 50), but the lines clearly crossed and...

EbonyFalcon

Daily RSI had been forming clear negative divergence since 30th Nov. The price broke the previous month high and daily candles formed the bearish engulfing pattern after.   In the scenario like this, I usually close a trade or take a partial profit.   However, Virtual is one of the most sought after infrastructure AI tokens, therefore, I need to take...

EbonyFalcon Updated 

Further to my previous post, Scout is starting to form inverted head and shoulders. It is not confirmed until the price actually breaks and ideally retests. But the chart is looking good for long entry.

EbonyFalcon Updated 

I have been waiting for the price to pull back, but there seems to be no sign of slowing down. Momentum indicators in Daily chart are overbought territory, but MAC lines are getting wider and wider which makes me think it will continue to go up. Stochastic and RSI in 4H came down to 50 zone and and rolling back up again. I started buying the tokens from...

EbonyFalcon

The price has been moving parabolically since the end of Dec. The price reached ATH on 2nd Jan and it has been oscillating between $1.9 and $2.5 region. ai16z is the most sought after AI infrastructure token, therefore, instead of looking for a short opportunity, it is better to look for a re-entry area to go long. I will closely observe how the price will...

EbonyFalcon

When I analyse Bitcoin, I really focus on MACD.  I don't trade Bitcoin.  I use technical analysis to find a good entry point to buy Bitcoin.  I use the following conditions to find a good entry point to buy Bitcoin: 1)   MACD lines are properly crossed and the angles of MACD lines are pointing up  in a daily chart.    Almost crossed is not good enough.  The...

EbonyFalcon Updated 

GRIFFAIN is an AI agent project on Solana blockchain. The price has been consolidating since 13th Dec and the price has broke above the resistance line at $0.35. The current chart set up in Daily timeframe looks to me exactly the same as that of ai16z on 27th Dec when the price skyrocketed from $0.90 to the current price of $1.72. MACD crossed above 0 level...

EbonyFalcon

The price has been consolidating since 21st Dec. Since 25th Dec, the price had been consolidating in the descending wedge pattern. It broke above it, retested, the top descending trendline and bounced back up. Now, the price is about to break previously week high. All momentum indicators in 4H and Daily are signalling the price to move up. ai16Z and...

EbonyFalcon Updated 

Scoutly AI is Solana blockchain project that offers AI sports betting analysis. A lot of micro cap crypto projects usually hit ATH and retraces substantially (80%). I wait for momentum indicators (MACD, RSI, and Stochastic) to go into oversold territory and come back to the bull territory to see if the project will survive (battle tested). Scoutly AI just...

EbonyFalcon

Fartcoin decisively broke out above the descending wedge, retested the top ascending line and is moving up. Momentum indicators are all in the bull territory. However, there is a large sell block sitting above. I think the price will eventually break out to upside, but until the sell block disappears the price might move sideways for a while, struggling to...

EbonyFalcon Updated 

Since ATH on 29th Nov, the price has been slowly retracing and forming shallow wide bowl over a month. The price went up to test Fib 0.236, retraced back to 0.618 and now ready to move back up. I really like the price to bounce up and down and up and down between key Fib level. MACD, RSI and RSI all crosses and pointing upwards in the bull territory. I am...

EbonyFalcon

Beautiful chart! Tradingview chat here doesn't how the price movement from the inception of this project, but the price went up initially to 0.08 area and had a major correction. The price retraced to Fib 0.786 at $0.03, and started to move up. Many meme type crypto goes through massive correction and if the project and community is strong, it comes back up...

EbonyFalcon Updated 

The price started to break below the ascending wedge in 4H chart. The price also broke below the previous higher high at $3.5389 and closed. MACD , RSI, and Stochastic are in the bull territory but stochastic and RSI are forming negative divergence. Virtual Protocol is one of the strongest project in this crypto cycle so I am not opening a leverage short...

EbonyFalcon

Another AI agent project. It is still a young chart but I can see the price has formed inverse head and shoulder pattern and now it is breaking above the neckline. Momentum indicators have entered the bullzone and pointing upwards. The price target will be 0.027

EbonyFalcon

Since ATH on 29th Nov, the price has been slowly retracing and forming shallow wide bowl over a month. The price went up to test Fib 0.236, retraced back to 0.618 and now ready to move back up. I really like the price to bounce up and down and up and down between key Fib level. MACD, RSI and RSI all crosses and pointing upwards in the bull territory. I am...

EbonyFalcon

The price has retraced to 0.5 Fib level from all time high and now broke above the descending trendline and also decisively broke above the previous higher high at 0.28 area. MACD is about to cross and move up into the bull territory. You can wait for MACD lines to cross above 0, however, Stochastic (9,3,3,) and RSI clearly crossed and pointing upwards above 50...