Solana Update
Hey everyone,
Here is a short analysis on SOL, I'm still bearish.
Here you can see that the price is ranging between -0.618 to 1.618 of the Fib Channel. It has been rejected by the 0 level of the Channel. To learn how to make the channel, read my previous idea through the link at the end.
Forming lower lows and lower highs on the four hourly chart. Perfectly following the lines of the channels.
Let's check the Pitchfork on AVAX too.
It got rejected from the median line. I have marked the demand zones, they might be our targets.
What TradingView says?
TradingView has some awesome features which can give you technical analysis on any crypto, forex and stocks chart. Check the photo below to get an idea.
This image is showing an excessive bearish pressure. This analysis is done by oscillators and MA.
There is another cool feature which can give you the pivot points.
How to trade pivot points?
Whenever a pivot points is coming, you can set up a trade order for the opposite side at the price of the pivot points. Usually, whenever the prices hit the pivot point, they take a pullback on smaller timeframes. You can earn easy profits on these pivots.
Hope you like the idea
Goodbye for now, trade safe!
Here is a short analysis on SOL, I'm still bearish.
Here you can see that the price is ranging between -0.618 to 1.618 of the Fib Channel. It has been rejected by the 0 level of the Channel. To learn how to make the channel, read my previous idea through the link at the end.
Forming lower lows and lower highs on the four hourly chart. Perfectly following the lines of the channels.
Let's check the Pitchfork on AVAX too.
It got rejected from the median line. I have marked the demand zones, they might be our targets.
What TradingView says?
TradingView has some awesome features which can give you technical analysis on any crypto, forex and stocks chart. Check the photo below to get an idea.
This image is showing an excessive bearish pressure. This analysis is done by oscillators and MA.
There is another cool feature which can give you the pivot points.
How to trade pivot points?
Whenever a pivot points is coming, you can set up a trade order for the opposite side at the price of the pivot points. Usually, whenever the prices hit the pivot point, they take a pullback on smaller timeframes. You can earn easy profits on these pivots.
Hope you like the idea
Goodbye for now, trade safe!
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