Hope you're doing good. It has been a while since I posted my analysis because I was waiting for a confirmation of a trend. If you analyse the chart I've shared you'll see that ORDI is following a uptrend pattern. Today it has touched the support area of 33.25 and confirmed that this pattern is still valid. In next few days we'll see accumulation in between 33-34. Then it will move up. The next high for ORDI will be around 37 then it will drop again to be prepared to reach at 40-45.
Please do your own analysis before opening any trade.
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BTC has started moving downward and it might down to 59000 according to 1 and 4 hours chart. But remember this is just a correction.
According to Day chart BTC might move upto 63,000. BTC is still bullish bcoz RSI is not showing over bought yet. Do your own research before opening any trade.
It has been a long time since I posted on Solana. I was waiting for a good sign for next run. Let’s analyse the weekly chart together. The last candle is forming a green hammer which indicates a long bull run on upcoming weeks.
ETH is going to break the triangle trend line and going to have a rally towards 4k.
Since March most of the alt coins were having a sell pressure. But now most of the coins are getting recovered and almost ready for a rally to its all time high. Same for the ETH.
In the chart, we can see ETH has a strong support at 2800 level and it is trying to break the triangle trend line at 3000. If bulls hold this position and bears gets weak of selling, we can hope that within next 2 weeks ETH will go upto 4000. Besides that spot trading for ETH is going to push the numbers one step upwards.
In the say chart we can see AXS has created a triangle pattern by taking support at 9 area. Breaking up the resistance it will go up to 11.5 area. Fight is going on between bulls and bears. I hope bulls are going to win and AXS will start a rally to 20 area soon.
Dear friends, If you are worried about the current price of Solana let’s analyse the weekly chart together. Years ago we had the similar condition. But after that Solana reached to 250.
So we can hope that Solana will start its bull run towards 250 soon.
Many people will say many things about Solana. Only truth is big players dump the market to liquidate the retail traders at the stop loss. This is how market go through a correction. After the correction the bull runs with full power and price goes up quickly.
Today SOL is trading at 176 and it is struggling for last few days. This is clear that SOL was over bought and a huge correction was expected.
If we analyse the chart we can see SOL has broken down many important supports and moving towards 170. It might go down to 164.
Is it only correction? There are many reasons of the fallen of SOL. The main reason is the meme coins hype developed on Solana. A huge money flow has gone to those meme coins. We should remember that meme coins are not assets of investment and market is already ready to level the inflation.
What should I do as I have bought SOL at the top? I would say hold it. Market always goes up and down. SOL will reach to 210 in upcoming weeks while bitcoin halving would happen. After that a huge selling pressure would come and market will go down again.
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As I mentioned on my last post SOL has dumped till 181 and got its support on this level. Now SOL will rise upto 190 and then it will dump again to 181 level.
SOL is in sideways. This is a good opportunity for short time traders. But it wont be so long. In next 10 days SOL will reach to its 210 position.
A strong buying volume is appeared in Solana that pushed up till 191.
Now what? Is bulls are going to win? I will say Yes, they will win but traders like us might be in problem.
Why? This market is well manipulated by the big institutional investors. They dump the market to the point where they want to buy and they push the market where they want to sell. In the chart we can see Sol got support at around 175 and then a strong buyiny volume appeared. It is clear that institutions were waiting to invest their money on that point and then Solana is rising up. Institutions only care about their profit. Many retail traders would take profit at the resistance level at 195, 199 and 204. Institutions know well where to sell their share to touch all the stop losses pointed by the retail traders. So they will pump the market till the stop losses to get all those money in the market and then they will sell their coins to take their won profit.
What to do now? Well, if you have bought SOL above 200, hold it and take profit around 204 area, if you want to take risk then wait bcoz SOL will reach 220 in upcoming weeks.
If you’ve bought SOL below 199, take profit at the nearby point of 199, 195, 193.
Shall I open a trade now? As I mentioned above Solana might go upto all possible resistance level, so if you want to open a trade wait for sol to reach to a support zone to buy and sell it to the next resistance zone. Don’t chess the market bcoz institutions know your movements.
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Many people laughed at my previous posts when I shared my analysis on #SOL and mentioned that Solana will go down. Now here we are watching Solana to try to survive at 182 which is a support level.
Can Solana survive and go up? From the chart we can see it is trying to break down of 182 level for 2 times but it has survived on this support level. This is very uncertain until we see strong buying volume. I would recommend to wait for a confirmation before opening any trade.
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BTC has broken down support of 68K level and currently trading at 66k. It might move down to the next support level of 64k which might end up at 60K.
In the chart we can see that 68K is a very important support level for BTC and losing this level is not a good sign for BTC. It has entered into the bearish momentum and I would avoid any LONG position now. Rather I would open a SHORT position around 64-68.3K.
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In the chart we can see that SOL is creating lower highs and continuously hitting the support level of 193. Besides MACD indicator is still downward and there is no large buying volume. Considering all these SOL is in bearish momentum. We might see SOL to go below 190 next 24 hours.
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Hello, As I mentioned on my last post Solana has crossed the 195 resistance area and has reached till 200. We’ve booked our profit and has bought SOL at 193 to 195 area again. SOL has created a new resistance at 200.
Notice: In the 4 hours and 8 hours chart SOL is bullish and going to start a run to break the 200 area. But if it fails to break the resistance then we’ll consider the 1 day chart where MACD shows that Solana is over bought and there might be another dump to 186 again.
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It has been a while since I’ve posted on Solana. After a handsome correction Solana has finally reached at the resistance area of 190-195. If bulls can break the 195 area and hold the position we’ll see a new rally to 220. But there is a chance to get rejected at 195 area and pull back to 185 to retrace and start the journey to 220 with a strong buying pressure. In next 24 hours we’ll get a confirmation indication.
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Solana has faced a correction of about 20% but it might go down further more according to MACD indicator. Solana is highly volatile so keep your asset safe while trading.