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The Solana Dichotomy - Pump Versus DowntrendWe are very close to finding out if the Solana bear market is upon us, or if the September bull run will continue as an uptrend. Solana has been gradually going down since the peak of the bull run in September. The price needs a proper correction and this due is starting to knock on the door. That said, there are also short-term / immediate indicators of a possible continuation of the bull market from September, which I have charted. I have also charted Solana in a triangle formation and I have charted the long-term implications of Solana following the triangle formation in a downtrend, using historical and initial support to draw out a long example of what that could look like. The triangle formation concludes in March 2022 when the long-term support indicator converges with the current downtrend indicator. MFI indicator is hovering around 50 and squeeze indicator is showing first sign of market momentum changing, which only adds more uncertainty into the mix on how Solana will play out in the immediate short-term. I am not making any claim or taking any position on the future of Solana, and I am also aware there are plethora ways to chart this possibility or that possibility and therefore I am making no claim as to whether either projection will come to be. Instead, I am trying to observe the transient dichotomy which may be immediately relevant to a new buyer or a current stock holder entering the Solana market: will It pump or will it fall?
FTX:SOLUSD
by AKyle
Kin just 14 days from major breakout 071421We are seeing a nice breakout point for KIn within days. I am using the Martin Auto Trendlines (red and green dotted trendlines) to see the possible path for Kin within days and something tells me we will be on the upside but If Bitcoin decides to make that last move down then we could see Kin go lower for the short term. This will be a great time to dollar cost average into more Kin as we are getting closer and closer to Bitcoin turning the corner and heading to its end of year peak of over $250-$300k. Time will tell.
FTX:KINUSD
by altcoinb
9
BEWARE PROBABLE VIOLENT PRICE MOVE - SPDR S&P 500 - SPY - DAILYWe have noticed that the market is up trending and whenever the price has evolved close to the blue line and the red doted up trend line, it was followed by very violent price change. Therefore, beware, as the price is at the moment evolving around the red dotted line. Besides, the price has shown also elastic movements, coming back again and again to its previous break points. Keep all those information in mind when evolving on this SPDR S&P 500 - SPY market.
AMEX:SPY
by Diallo_Charts_Ideas
1
Ethereum update - Fractal taking place - Uptrend imminentHello traders, Been in the crypto space for already 7 months and i feel the learning curve is finally giving its rewards. Been working on this one together with jfiedler using elliot waves with yesterday after catching the last drop. BITFINEX:ETHUSD is reproducing the last fractal in a higher scale, right now we are in the final ABC before a possible move up to the 505 - 515 range wich should hapen this afternoon/evening. You can see also de MACD is moving to the upside. If you decide to jump in be sure to sell when the upside is done, will be posting more updates on catching wave low point and selling tops. I am personally bullish on this one, as you usual this is a personal opinion and i am not advising to buy any digital asset, just my opinion. Cheers, Roberto
BITFINEX:ETHUSDLong
by rlpz
4
NEO potential breakout - IF it passes this test...In these bearish times, NEO has weathered the FUD storm with exceptional grace, stability and even prosperity. 2-month old articles being re-posted by traditional financial institutions and journalists who want nothing more than to see Cryptocurrency collapse - Fear mongering and overreactions to misinterpreted information has seen BTC sharply decline over the past few weeks, taking with it the alt-coins (even the best of them, such as BNTY, DBC and XBY) who simply couldn't sustain the decrease of market capital. And now NEO enters a crossroad - Pass this test, and I predict NEO to go well beyond 200USD by Mid-March. NEO DevCon is currently underway, with some of the most innovative ICO's on the NEO network showcasing their stuff. Perhaps it is this optimism and it's advanced tech that is keeping NEO up there and putting it on the crypto map as the potential saviour to BTC's slow network and high fees. Analysis: If NEO can test the lower 0.382 Fibonacci bound and return to the 0.5 point and beyond, I predict the decline will be no more - oscillation between 0.5 and 0.618 Fib level towards the BUY ZONE point shown in the graph indicates a PASS for NEO. IF the lower 0.382 Fib level is not returned to after NEO hits the top 0.618, I would recommend a large buy. Breakout beyond 0.786 and even a return to 1 is very possible if the above conditions are met. I recommend watching for the next few days to see NEO's movements. DO not buy above the buy point, you'll regret it
BITFINEX:NEOUSDLong
by CryptoJad
1
ETHUSD Reverse head and shoulders - breakout approaching ETHUSD Over tthe last 24 hours or so ETH has, like Bitcoin itself, made a reverse head and shoulders formation with a neckine at 690 and a minimum upside target at 886. Can buy on that breakout which should lead to a rally to 721 where it can come off again back to the neckline at 690 which must then hold up on the retest if we see one. Then once 722 is breached it should push higher to the target at 886 - however the old high at 862 may well prove a better point here. But in near term, until ETH can find the buyers to make this break it remains vulnerable to sellers
BITFINEX:ETHUSD
by sumastardon
1
BITCOIN: Breakout imminent nowBITCOIN: BTCUSD Apologies for particularly long winded comment, even by this writer's standards. Hoping to make this comment last the weekend as it's gone so quiet. You can cut to the chase by ignoring this and heading for the final few lines. Volatility has dropped so hard Bitcoin has almost become a regular type of stock today. It's gone very quiet and despite the repeated sell-offs from resistance at 2439 and 2445 today and from 2453 yesterday Bitcoin refuses to back-track much at all, let alone capitulate. The battle between bull and bear over this range has been going on for 32 long hours now...it's possible it could go on longer still, until price hits the parallel. It should hold up. This is another very long and comparatively boring continuation pattern - and that will remain the case so long as the parallel holds up price (a fast test of 2347 would be OK so long as it rallies quickly from here if tested). Maybe that's a falling wedge forming as a result of this on-going battle - but if it is it shouldn't really get as far as the parallel before moving higher. Ideally, it would be good to see one last sell off which is bought back off the parallel...gotta wait and see it play out or break upwards. Can only say that so far this still looks fine, will do so as long as parallel holds, and therefore still expect an eventual break to the upside. This battle has been so long and so exhausting that once won there should be no more bears left to come out of the woods once last stops have been busted just above 2454. So the break above here (if and when it finally comes) should be virtually uncontested. It shouldn't stop for too long at 2500-2515 before breaking higher to 2595 where it should encounter profit taking again, especially if 2500-2515 is not contested properly first time around on the ascent. So long story short: If we see a break above 2460 it should be worth following for a move up to 2500-2515 initially and then, looking beyond likelihood of a small consolidation as this range is tested, another rally to 2595 (bigger consolidation here, probably) and then from 2600 to 2734-2754 range. Bitcoin remains positive whilst above the parallel and at worst above 2346 medium term support (by medium term, in Bitcoin context, that means the weekend). Have a good one.
BITSTAMP:BTCUSDLong
by sumastardon