Hello everyone !
Today Hโฟ Capital is analyzing SOLANA based on a Weekly chart ๐
โจThe ยซย Up onlyย ยป token Solana recently experienced a fall of 69% from its previous ATH. Is it time to buy ?
What we can see :
- The weekly Kijun has been lost on the last weekly candle ( ๐)
- At the moment, prices are sitting on the MA50 weekly ( ๐ฅต )
- VPVR indicates big holes that could be filled until prices reach 55$ area ( ๐ฅต )
- There is nice regular bullish divergence on the RSI ( ๐ )
- Volume pressure is declining ( ๐ )
- Slow Stochastic is very low ( ๐ )
- Spreads are negative ( ๐ )
What we can expect :
- If Solana fails to hold its MA50, we can expect prices to reach the intermediary lower line and/or the lower line of the pitchfork which coincides with the Kumo/cloud and the VPVR last big holes located at 55$.
- If Solana manages to hold its MA50 weekly and regains its weekly Kijun, we can expect prices to reach higher levels. We can target each lines of the pitchfork until reaching the last upper line of the PF.
Regarding the price history, we can easily target potential top areas based on these conditions :
ยซย CHOP Indexย ยป very low (usually between 28 and 16 level) + ยซย RSIย ยป and ยซย Stochasticย ยป โ> Overbought = Potential TOP
FEEL FREE TO LEAVE A LIKE AND FOLLOW โญย Hโฟ CAPITAL โญ
โจ
MAY THE CRYPTO BE WITH YOU GUYSย (D.Y.O.R)
Today Hโฟ Capital is analyzing SOLANA based on a Weekly chart ๐
โจThe ยซย Up onlyย ยป token Solana recently experienced a fall of 69% from its previous ATH. Is it time to buy ?
What we can see :
- The weekly Kijun has been lost on the last weekly candle ( ๐)
- At the moment, prices are sitting on the MA50 weekly ( ๐ฅต )
- VPVR indicates big holes that could be filled until prices reach 55$ area ( ๐ฅต )
- There is nice regular bullish divergence on the RSI ( ๐ )
- Volume pressure is declining ( ๐ )
- Slow Stochastic is very low ( ๐ )
- Spreads are negative ( ๐ )
What we can expect :
- If Solana fails to hold its MA50, we can expect prices to reach the intermediary lower line and/or the lower line of the pitchfork which coincides with the Kumo/cloud and the VPVR last big holes located at 55$.
- If Solana manages to hold its MA50 weekly and regains its weekly Kijun, we can expect prices to reach higher levels. We can target each lines of the pitchfork until reaching the last upper line of the PF.
Regarding the price history, we can easily target potential top areas based on these conditions :
ยซย CHOP Indexย ยป very low (usually between 28 and 16 level) + ยซย RSIย ยป and ยซย Stochasticย ยป โ> Overbought = Potential TOP
FEEL FREE TO LEAVE A LIKE AND FOLLOW โญย Hโฟ CAPITAL โญ
โจ
MAY THE CRYPTO BE WITH YOU GUYSย (D.Y.O.R)