Drizzy_hints
@Square-Creator-c917cbed81af
Engineer passionated by trading and financial analysis, my hints are grounded analysis based on experience and are not financial advices. DYOR
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Let’s do a small analysis of the market based on the daily basis
regarding SOLANA.
Since the results of election on 5 November, Solana made a big move from 157.95 USDT to achieve its new ATH at 264.39 USDT
on 22 November 2024, exceeding its maximum value recorded
on 7th November 2021 at the value of 258.66 USDT.
Considering the impulse price swing at daily time frame.
We can see that once we achieved our new ATH, we went
bearish to achieve the first sell stops/ Equal lows at the level of 235.43. Using fibonnaci retracement, after this ATH, we got a trading range at the level of 23.6 %, after another drop down, we got a trading range at the level of 38.2 %, after we went below the 50 % level from premium to discount market. We touched the level of 78.6 % and retraced filling the fair value gap of the result of election result period (5 – 6 and 7 november candles). we had a trading range and consolidation at the level of 61.8 %, the price went up to touch the level of 38.2 % and returned back to 61.8 %
level.
Our support is the middle point of the weekly bullish order block at the level of 172.08 USDT. there is another support at the level of 160.28 USDT, representing the bullish daily order block.
Technical Advice :
Since we are in discount market, this is a good opportunity to
buy Solana, it will go up again starting from 20 january 2024, The scheduled date of inauguration of Donald Trump as the 47th
president of the United States.
#solana #ict #Fibonacci #orderblock
Follow me for me for more #ICTAnalysis
regarding SOLANA.
Since the results of election on 5 November, Solana made a big move from 157.95 USDT to achieve its new ATH at 264.39 USDT
on 22 November 2024, exceeding its maximum value recorded
on 7th November 2021 at the value of 258.66 USDT.
Considering the impulse price swing at daily time frame.
We can see that once we achieved our new ATH, we went
bearish to achieve the first sell stops/ Equal lows at the level of 235.43. Using fibonnaci retracement, after this ATH, we got a trading range at the level of 23.6 %, after another drop down, we got a trading range at the level of 38.2 %, after we went below the 50 % level from premium to discount market. We touched the level of 78.6 % and retraced filling the fair value gap of the result of election result period (5 – 6 and 7 november candles). we had a trading range and consolidation at the level of 61.8 %, the price went up to touch the level of 38.2 % and returned back to 61.8 %
level.
Our support is the middle point of the weekly bullish order block at the level of 172.08 USDT. there is another support at the level of 160.28 USDT, representing the bullish daily order block.
Technical Advice :
Since we are in discount market, this is a good opportunity to
buy Solana, it will go up again starting from 20 january 2024, The scheduled date of inauguration of Donald Trump as the 47th
president of the United States.
#solana #ict #Fibonacci #orderblock
Follow me for me for more #ICTAnalysis
#MyFirstSquarePost Nouvellement inscrit(e) sur Binance Square, je me réjouis de partager et de me connecter avec tout le monde ici !
The last 2 days were bearish in many coins, one of the big losers was $NOT coin. after a bullish trend exceeding many resistances/ pivots and achieving the resistance level of 0.01213 which represent buy stops or buy side liquidity and exceeding it 3 times with the higher level recorded at 0.01231, we were in the preparation of a reversal trend after a break in market structure or swing low formed.
This severe bearish trend controlled by whales met the arresting of the boss of telegram which supported the launch of the $NOT coin operated on the TON blockchain. we can see that the $TON coin was also severely affected.
Also, the traders community started to talk a lot about this coinafter its big and historical performance which has been aligned with the bullish trend of $BTC .
In my opinion, I expect a pullback in 0.00830 and change of the trend which will be a sell stop for many traders and a buy side liquidity. If this assumption is not met, the bearish trend will continue, and it could be influenced by the evolution of the story of telegram CEO.
This is my own analysis and not a trading strategy to be followed. Please DYOR.
Follow me for more publication on #tradingsignals and #analysis .
#MarketDownturn
The last 2 days were bearish in many coins, one of the big losers was $NOT coin. after a bullish trend exceeding many resistances/ pivots and achieving the resistance level of 0.01213 which represent buy stops or buy side liquidity and exceeding it 3 times with the higher level recorded at 0.01231, we were in the preparation of a reversal trend after a break in market structure or swing low formed.
This severe bearish trend controlled by whales met the arresting of the boss of telegram which supported the launch of the $NOT coin operated on the TON blockchain. we can see that the $TON coin was also severely affected.
Also, the traders community started to talk a lot about this coinafter its big and historical performance which has been aligned with the bullish trend of $BTC .
In my opinion, I expect a pullback in 0.00830 and change of the trend which will be a sell stop for many traders and a buy side liquidity. If this assumption is not met, the bearish trend will continue, and it could be influenced by the evolution of the story of telegram CEO.
This is my own analysis and not a trading strategy to be followed. Please DYOR.
Follow me for more publication on #tradingsignals and #analysis .
#MarketDownturn