This pitchfork on CRYPTOCAP:SOL looks great. Currently works as resistance, 200 is a magnet.
Sentiment in the market is very bearish due to various legit fundamentals. Technicals on the other hand are quite healthy on support. But for how long?
This bubble already burst several times for 33-40% correction, we just came out of one.
Still waiting for next cycle to begin, looks like we need to wait a week or two. A confirmation of TD sequence + RSI + HA candle on weekly will do it as always. When that happens first target above 30k A drop below blue line would end current bull run is over so if a confirmation comes upside may vary.
If futures do what I expect them to do then top will be reached Thursday night (CET). Stop below pitchfork (blue line)
Green zone is buy and time stamp correlates with SegWit activation.
I would be very careful with it. Can drop to 78 fib where its a very safe entry.
We could bounce of cloud now, if broken support at 1865 should hold. This coin has much potential in the coming weeks.
3 Waves up, retracement 50%, triangle consolidation and oversold on daily RSI. This is very early entry.
It will have to decide. Was it a correction ABC or ABCDE correction.
History repeats? Early entry now, add if going lower towards the trend line, stops below trend line.
We have to stay in to continue the up trend. And break out of it to confirm it is a wave 3.
A little late to the party. First target 0.1. Long term target >1
Tested bottom several times, accumulation is strong. If it breaks trendline on high volume we have fireworks.