$SOL Hello everyone, it's been a while since I posted on SOLANA.
For those who have just read my post, I only analyze SOLANA and only in 4-hour candles. I will now reveal why.
WHY SOLANA ONLY OBEDIES IN 4-HOUR CANDLES
SOLANA obeys exactly the 4-hour movements and the 26-bar arithmetic moving averages (MA 26) or a cycle of 4 days and 8 hours.
SOLANA has only done this since the beginning of the BULLRUN and it follows this logic of MA26 cycle.
On 11/17 - at midnight (French time) SOLANA began its first rise followed by a consolidation. It ended on 11/21 at 8 a.m.
A new rise then came and touched the ATH.
I draw a new FIBONACCI retracement at the starting point of the BULLRUN - at Point 0 at 185 USD.
It takes exactly 2 times 4 days and 8 hours (2 x 26 bars) for it to reach the first retracement mentioned above. (11/17 at midnight at 215.56USD
Arrived at the ATH, it is sure and certain that this MA26 logic is stopped. The correction is predictable at 18% according to my posts (you can reread my posts).
A first wave arrives on a cycle of 26 bars and stops exactly 11/26 at 12 noon.
Those who bought here were trapped because a correction always touches a retracement support. And here, it is 0.236 (it was necessary to sell at 245 to catch up with the price at 215.56 USD on 12/03 at 12 noon (CMT France)
Latest analysis: Since 11/27 to today, still in 4 hours, an ascending triangle figure is in progress leading to an arrival at 253 USD on 12/08.
According to all this: TAKE PROFIT: 265 USD
STOP LOSS 212 USD
Here are the details: (small update 07/12 at 9am CMT France) in the Chart pattern of the day but the plan remains the same.
THE REST IS IN MY NEW POST ...