sven101

My short idea is based off of 3 things 1. My 4sma strategy 2. 40+% move in 24 hour period being generally unsustainable 3. Volume on multiple time frames is exhausted, especially the 4h large green volume spike, shows potential for reversal. Targets based on my 4sma strategy are indicated by horizontal lines.

I would recommend shorting carefully if you choose to. Analysis in a moment clear rejection for now Pine Script®

Good chance we could break out here at 15m 200 ema. Waiting for confirmation

Daily and 4hr point to huge breakout. Lower time frames also support this hypothesis when looking at stochastic and current support structures. In depth analysis in an hour. Until then i put this here to say go long my friends, and then after the pump be prepared for one of the dirtiest sell offs you've ever seen lol

I think solana is about to retrace if it cannot get back above 25.7. My initial target is 24.25-24.50 based on an atypical bearish pattern on the 5minute that i am unable to show due to the time restraints when posting an idea. Past this i am looking to see if there are any large volume spikes. If not i see further downside to perhaps $23 and below. Will update as more data becomes available

If it can get back into the channel and above the 200ema i believe eth will go to a minimum of 1250-1270, if it cannot hold the last breakdown point thought are looking for a brutal drop likely to 1100 and below. Based on probabilities and fundemental analysis i think my idea is more likely. However, i am surprised that it broke the higher lower pattern on the 4h this is somewhat concerning. Be cautious

As you can see this time we are looking at the 4h time frame. Generally my analysis is done on a lower time frame but to show you why i believe this will break higher the 4H time frame shows things more clearly. As shown here we have an atypical channel and at this point it has held every single time there was threat of a breakdown. We have continuously made higher lows on the 4H time frame and until this trend is broken this idea is still valid. In addition to the higher low formations, you can see there is a bullish stochastic cross, and in addition to this you can see that there was a huge volume spike beforehand back when the price was in the 1100-1150 range. This volume spike shows that there was a huge amount of selling pressure and even with that the 1100 support was not broken. These volume spikes that are of anomalous size generally symbolize reversals on all time frames. Until i see a large green volume spike of similar magnitude or a huge drop off in volume in general, i will not be convinced that a move to the upside has been completed. More analysis to come . I am overall bearish rn for crypto and stocks but in the short term things will flip bullish so get ready to go long folks. Also from a fundemental perspective, end of year generally has a rally before the new year.

We are at a turning point, if price is able to hold above 1205 i believe a large breakout of the current structure will begin. Low risk long set ups can be taken or if you are already shorting at this point I would take partial profits and wait and see what happens

Based on the number of times price has been rejected in the 1215-1225 range as well as volume profiles, i feel that we will have one more downward move before a move upward that will carry over into the next few days. After which i believe crypto will be ready for it's next leg down after the New year or perhaps even before. The reason why i believe it will have an upwards move after is based on historical data which shows that more often than not stocks and crypto rally near the end of the year for various reasons. This idea encompasses both technical analysis, trend analysis and fundemental analysis and i believe is likely to play out. Although especially in current market conditions anything is possible so stay vigilant and be prepared for anything. Personally im trying to short in the current price zone of 1215-1220 and am looking to start taking profits at the $1180-1160 area. At which time i believe the upward rally will begin.

I would start scaling into a short and put stop loss at max 1230, my stop loss is still at 1222 but i have scaled in more to the position using profits i took while price has been bouncing around. Breakout or capitulation should happen very shortly. It has been trading in the range for over a day so i believe it is unlikely to keep trading this way