Solana is back in the wedge. This was an important move. I have drawn in all big volume zones on the way up. I find that using VPR volume zones work far better than pivot point, especially being a trend trader like I am. Solana is a long term play for me and I'm looking for 6-700 before I take profits.
Here we see the 12H candle. We have broken trendline as well as printing the first confirmed trend candle. For traders: buy now with a S/L at 1.8
I still believe that my plan is valid. I added at 150 (FTX) and still believe that sol will end the cycle at 6-900 $ Just give it time and follow the adoption of projects on the network.
This is not my first ride and I know that markets can be brutal. We are trading in the middle of a downtrend with the 200MA coming in at around 42200k. I still see that as a possibility, but that zone would also attract buyers, I have LO at 42500 which is cheap for BTC long term.
We have POC and fib .68 coming up at 1.9. Good place to load up
Still going according to my drawing from a few days ago. Solana is retesting 160. This area could get in some long term buyers. The market is really bearish so anything could happen and we could get Solana cheap!!
We're still on the right side of the trendline. As long as we don't break down i'm bullish.
This trendline has been resistance until now where it has flipped to support. This is good, but we really need to get moving. Bullish as ever.
Matic is oversold on the 12H and needs a pullback. I am adding at 1.9 zone
We are having a great R/R opportunity. Oversold on LaRSI and trading at the bottom of a wedge. The bottom could be 155/160 zone.
We are seeing a diamond and oversold LARSI which is a no bullshit RSI. I think we are at least seeing a retest of the top and beyond
Broken trendline and the R/R is pretty good. Matic is fundamentally a great asset and is for me a long term hold
Sometimes it all just fits. I have used fib ext together with the pitchfork on the weekly chart and this is what I saw
Solana is going crazy, but there is reason to the madness. The NFT play is obvious the driver but technical it's following the trendlines all the way from the bottom. Who knows where it'll stop? It's ready for a retracement, but i think we will go much higher, especially for the long term. We are in price discovery mode so interesting to see when it'll take a breather.
Sol is bound for a pullback.
Hi all. Heikin ashi is still in trend, so the trade from 22 juli is still on
Btc lines perfectly with the pitchfork. Let’s see if lasts
Stoch/rsi shows that BTC needs to take a breather. Accumulation zones are in the red square boxes. Hopefully it’ll start to follow the pictchfork