Local Analysis / Targets / Elliot Wave
Solana attempted to break into price discovery but was rejected harshly back to the High Volume Node support trapping new traders and investors with the all time high excitement. Wave 3 appears to be underway with a minimum target of $365 the 1.618 Fibonacci extension and R5 daily pivot. Wave 3 pull backs should be shallow.
Continued downside bring up the ascending daily 200EMA and 0.382 target of $173. RSI is at the EQ and crossed bearishly.
Standard Deviation Band Analysis
Solana continues in the expected range just above fair value. Its attempts to break through the SD+2 threshold continue to thwarted but the next attempt will be number 4, the higher probability breakout!
Safe trading
Solana attempted to break into price discovery but was rejected harshly back to the High Volume Node support trapping new traders and investors with the all time high excitement. Wave 3 appears to be underway with a minimum target of $365 the 1.618 Fibonacci extension and R5 daily pivot. Wave 3 pull backs should be shallow.
Continued downside bring up the ascending daily 200EMA and 0.382 target of $173. RSI is at the EQ and crossed bearishly.
Standard Deviation Band Analysis
Solana continues in the expected range just above fair value. Its attempts to break through the SD+2 threshold continue to thwarted but the next attempt will be number 4, the higher probability breakout!
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.