kakola
@t_kakola
What symbols does the trader recommend buying?
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kakola
Fib confluence. Trendlines. Double-top. Fib timezones give us September. Get read. September: SOL will go to $85typo: ready*
kakola
SOL is currently exhibiting signs of bearish continuation after failing to break above key resistance. We see a possible double bottom forming around the current price level, indicating a potential test of support at $115. Price action has been consolidating after a recent decline, potentially forming a double bottom pattern. Fibonacci retracement levels (not shown, but recommended to add to your chart) suggest a measured downside target near $115. The failure to break above resistance indicates continued weakness in the market. Risk/Reward: The potential reward-to-risk ratio favors a short position, with a target of $115 and a stop-loss placed slightly above the recent resistance level. Then hey, if we're lucky, up to $340.
kakola
Bullish pennant is forming with a likely upward breakout. Fib-levels align at $8. That would be the first take profit. It's a pretty self-explanatory chart, you guys can figure it out.Damn.
kakola
If we break up out of this triangle, we might go down and re-test support, then continue up to the first major area of resistance around $1.60.
kakola
Price has painted a nice gartley, and you can see this long term triangle being formed. There's actually two triangles here, and depending how bullish it is, either the yellow one will act as support, or it might try for 0.17 again, but that would be like a 50% drop, so probably not. Fib extensions have given further upside resistances.Bummer.
kakola
I've got a good feeling about this one. Look at the fibs man, and the angles.
kakola
100 is a good number. There's some fibonacci and psychological support there.
kakola
They've gone to plaid! Come back and check on this in 2-3 years.
kakola
Fib channels give fun results. The price goes places. Sometimes up. Sometimes down. This double-top on this scale looks unprecedented. It could be forming a rising wedge.
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