When will bullish trend of Solana end ?(Price and time analysis)
Hello everyone, I hope you're all doing well.
It seems that SOL has completed five waves and is now likely to undergo a corrective wave of three. Negative divergence between waves 4 and 5 in RSI or MACD is often a sign of the end of wave 5.
Keep in mind that both FVGs have filled out the weekly important points.
I don't recommend taking positions, but if you intend to, remember to manage your capital and risk properly without forgetting about rewards.
(Because Solana is very Savage.)
Time analysis:
In the Solana dominance chart, two days are significant:
- Today, which we witnessed the decline, and the next day, Thursday, March 28th, where there's a possibility of significant media news within this time frame, such as the sale of assets by the FTX exchange.
- The last day is April 13th.
In summary, be cautious with your positions over these 25 days.
P.S : The SOL.D chart is for yesterday.
I suggest you thoroughly read the analyses linked below:
USDT.D
BTC.D
BTCUSDT
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
The RSI indicator also suggests a complete cycle.
After starting from a small uptrend channel, it's currently completing an Elliott Wave cycle.
....
It seems that SOL has completed five waves and is now likely to undergo a corrective wave of three. Negative divergence between waves 4 and 5 in RSI or MACD is often a sign of the end of wave 5.
Keep in mind that both FVGs have filled out the weekly important points.
I don't recommend taking positions, but if you intend to, remember to manage your capital and risk properly without forgetting about rewards.
(Because Solana is very Savage.)
Time analysis:
- Today, which we witnessed the decline, and the next day, Thursday, March 28th, where there's a possibility of significant media news within this time frame, such as the sale of assets by the FTX exchange.
- The last day is April 13th.
In summary, be cautious with your positions over these 25 days.
P.S : The SOL.D chart is for yesterday.
I suggest you thoroughly read the analyses linked below:
USDT.D
BTC.D
BTCUSDT
I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
The RSI indicator also suggests a complete cycle.
After starting from a small uptrend channel, it's currently completing an Elliott Wave cycle.
