huecoshunter

huecoshunter

How can Solana's last 7-month period be interpreted in 1 sentence? Starting from March 1st, the price entered a sideways phase above $125, forming 3 high and 3 low regions and after the last low, it is retesting the midline of the 7-month downtrend channel. What can be said about Solana's price direction in 1 sentence? After forming 3 high and 3 low...

huecoshunter

The price has already doubled from $0.16 to $0.34. Done? After a 5.5-month downtrend, the price started to rise and has already doubled in just 1-2 weeks, now pausing at the main orange downtrend channel. Does this remind you of something? SUI also broke out of a 5.5-month downtrend and started to rise in its first times. Looking at the chart, we...

huecoshunter

SUI started its upward trend when it broke through a 5.5-month downtrend shortly after its first listing times. Now, by breaking through another 5-month downtrend between April and August, it has initiated a new uptrend. In just 2 months, it has quadrupled in price, capturing the market's attention. After breaking the resistance of the blue downtrend,...

huecoshunter

It's no secret that Ethereum's price performance has been relatively underwhelming in the past 1-2 years, lagging behind the broader market. A more clear picture emerges when we examine Ethereum's performance against Bitcoin. On a weekly timeframe, the ETH/BTC chart reveals a long-term uptrend channel. However, within this uptrend, the pair has been in...

huecoshunter

Solana's performance against Bitcoin has been quite healthy over the past few years. Before the FTX collapse, the price consolidated for months in a completely horizontal range. The FTX crash caused the price to form the bottom of the bowl structure and the price accumulated in the bottom of the bowl for months. After months of accumulation, the price broke...

huecoshunter

After bottoming out at GETTEX:49K , the price formed a higher low at $52.5K. Starting from $52.5K, momentum initially created a well-defined orange uptrend channel between 6-19 September. Following the uptrend channel, a 7-day horizontal consolidation between exactly $62,600 and $64,100 filled a significant gap from 19-26 September. These points suggest that...

huecoshunter

Since March 1, 2024, SOL has been holding above $126 and is about to complete its 7th month at this level. During this 7-month horizontal period, the price has formed 3 highs and 3 lows. The probability of the 4th high being even higher is greater because it has held its main support above $126 for this period, indicating a healthy accumulation. Boxes Looking...

huecoshunter

Solana formed a diamond formation between April 2023 and September 2023 and broke it and went up. The price has now broken above a similar diamond formation in the same month 1 year later. Repeating the process as it has done so far will push the price up. Will the rise start in September 2024 as it did in September 2023?

huecoshunter

The golf ball was hit in November 2022, and since then, the CRYPTOCAP:IMX price has been moving in the direction of this triangle, making higher lows. Immutable-X ( CRYPTOCAP:IMX ) is the 'Apple' of the blockchain gaming ecosystem and as the gaming ecosystem grows, the CRYPTOCAP:IMX price will eventually reach its targets.

huecoshunter

The cylindrical regions on the BTC price chart exhibit similar fractals literally. The price has almost perfectly replicated the left cylindrical region over the past month and a half. If this fractal pattern continues, we can expect a bullish sentiment until the next month. Of course, it's crucial to proceed step by step and the next significant decision zone,...

huecoshunter

Ascending Wedge: It's bearish formation and there is ascending wedge in price for the last 3 months. Also $1.14 - $1.23 range working well as a resistance since May 2024. The price just touched there yesterday and getting rejection normally. Personally targetting $0.57 - $0.6 range for good support area because of these reasons for now.

huecoshunter

These 2 parabolic channels point $79-$81 so soon. Look at candle contacts with parabolic lines and how the price used them so far. There's similarity between current view and Ftx crash times for 4-6 weeks. Currently i believe that this similarity will continue like almost this way.

huecoshunter

It's the last drop to $0.1 area. Then uptrend process begin like a few months until $0.6 area and that's mean is 6x. Then downtrend period starts until Q3 of 2025. History repeats. Also W price literally follows Sui's first 5.5 months so far.

huecoshunter

- The price has been gradually declining since March, retesting each of the uptrend channels it has been consistently using. - After completing the 2nd retest at $70K, the price dropped to $49K. - In fact, 3 days ago, the price tested the lowest of these 3 parallel uptrend channels exactly at $60,600, thus completing the 4th retest. - The price, which dropped...

huecoshunter

Trends aren't just linear, they should also be analyzed parabolically. In fact, parabolic trends are one step ahead of linear trends. Because they better show the slope and movement of the price. In this chart work, I created a long-term setup for Solana using linear and parabolic trends. Many of us may have strong bullish sentiments about the fourth quarter...

huecoshunter

There has been a price forming a triangle on the chart for a long time. The downtrend channel forming the top of the triangle indicates the most critical region for a price breakout. For now, it seems like there is still time to reach that point. It may be a bit early to think that a rise will happen soon before this downtrend channel is broken. At the same...

huecoshunter

There's cup formation probability in the short term view of Solana. When we look at the chart we can see it by looking at candle contacts easily. Below $137 shows cup bottom area. If price can break it up it will reach to cup completion zone between $155 - $162. For the succesful cup, price has to break $162 without any rejection and need retest after break...

huecoshunter

Sol price was moving between white-blue uptrend channels since Dec. 2023. So there was a clean uptrend path in this direction. But then, price broke white uptrend channel on August first time. Then it moved inside of it for few weeks before it drop below it. Red downtrend channel working well as resistance for the price since Solana's $210 times. When the price...