Bittensor about to enter a bear market of its own, breaking down key support levels. If it doesn't quickly reverse from here, which unfortunately seems unlikely, as it has had 2 chances to bounce, then we are likely to go much lower. Possible levels of interest are below. Sad day for TAO, as just a month ago the set-up seemed bullish... how much can change over a month
We are consolidating heavily after a massive upward leg of SOL, creating a new strong support line of 240-250 dollars per SOL. This is healthy and good for long term growth, meaning that in case of future dumps from 300+ SOL, this area is likely to serve as strong support. Seeing a lot of impulse for a weekend pump to new ATH and 300$+ per SOL
We previously expected a reversal on multiple occasions, unsuccessfully each time. Last major prediction is visible in the chart (blurred). There were two major lines of support for ETHBTC, it broke the first one, then it bounced off the multi-cycle support line and we predicted the bottom at that stage and went long. Unfortunately, that bounce was both...
We previously made a medium time frame analysis on SOLETH and predicted a reversal of SOL v ETH we have successfully reached those targets and now have reassessed. Based on the metrics, technicals, not even mentioning a variety of onchain indicators and whale accumulation we believe SOL is going to continue on its upward movement against ETH. Charts don't...
Solana is being suppressed and it is getting angry. Some major shorts are keeping its price low while big spot buying is ongoing. Shorts were supposed to hold SOL price low or even flush it lower, yet something is not working out for the big forces shorting SOL as it is still in the long-term ascending channel. Any hour now, SOL is likely to break out violently...
Seems like 50 cents has some iron wall defending it and now double bottom at 50 cents was established, allowing those who wanted to exit to do so (capitulation), based on the volume. We now have made a clean reversal on the hourly. Next targets are the launch high, which is a nice take profit target to those on long positions, but i expect overall trajectory to...
It seems SOL market is heavily manipulated. It is better to be in spot SOL now. However, if it reaches the green level, it may break out of the triangle and go upwards. Careful, price is heavily manipulated, it seems to the downward, by the exchanges unable to repay SOL to their customers. Hence likely they keep heavy shorts on SOL to buy spot back to repay to...
Seems unbelievable based both on the (currently known) news and on the intensity and scale of the prior pump of SOL, but something gives me vibes of another leg up being prepared for Solana. Seems strange and a bit scary and does not make much sense, but the charts have my spidey sense tickling. And also: we are in the bullrun... New ATH loading for SOL.
It seems that SOL is bound for a massive lead over ETH
FET behaved weaker than expected before (see dimmed trendline drawn before) it also wicked out below major support, which is not great, though not too horrible either. It adds to weakness -- strong selloffs, followed by weak rallies Either way, we approach a crucial short term trendline. Breakout and we can expect more growth short term for the weeks ahead....
SOL broke down its long term growth trend against ETH and entered a correction that did not however preclude it from recovering will SOL lead ETH again and make vitalik seethe? Charts show that upward continuation for SOL is possible Maybe it will make a double top against ETH there and start dumping against ETH for good for now, the game is on and SOL...
After a massive and extended sale, ETH reached near record lows on RSI that continued for several hours and RSI did hold up during those hours showing it found its buyers at the 2900s. With large level of liquidations of longs and many shorts still trapped above as well as RSI rebounding, ETH opens up to a rally to mid 3600s from here. There we reassess where next
This is Part III of the Solana BOX trade (check previously posted 2 parts about the solana box, both of which reached the targets successfully). Unlike many other coins (ETH) we are short on, SOL has shown solid strength (quick recovery during dumps) and thus we believe it is on a more negative path here. However The Box requires a retest (after all SOL did...
Seems like it has found support at range low and can go back higher for the foreseeable future
it has reached all its targets from earlier and is at confluence. another confluence may give it some strength to try for 3500 USD and/or to trap more longs from there I expect a strong downward movement on ETH, as generally it has exhibited weakness both during dumps (selling stronger than others) and during pumps (growing slower than others)
TAO reached the big supply and seems to have been rejected at LTF at least likely to go down from here. good profits made from our earlier bottom marks
First off, I never trade this coin myself due to its extremely inorganic (read: manipulated) price charts. Just for fun analyzing: I think it's not the time to FOMO into chasing the red candle, and it may form a cup and handle and a nice target to enter could be around 2.60 USD On the other hand, maybe they will pump it all the way to whatever 5.89 targets they...
there is very little history so far and it has only traded on MEXC so far therefore this analysis is likely to be low-precision but it looks like S by sonic is on a short term parabolic growth, somewhere around its launch ATH value may be the random point of retest (low accuracy as more exchanges list it...) but otherwise can continue its journey with 1$+ values....