ADA/USD Downside? 17 Jan 2022

Cardano (ADA) has enjoyed a multi day rally however is now losing momentum. Price has been in a bearish market for the last 6 months, and we anticipate this long term trend to continue. Technically price has pulled back into a key structure zone, which is now acting as resistance. Price has also formed aContinue reading “ADA/USD Downside? 17 Jan 2022”

SOL/USD Downside? 9 Nov 2021

Solana against the USD has enjoyed a great bull rally, however technical analysis now points to downside. Price has rebounded out of the 61.8% fibonacci extension level, and we anticipate a retracement into the previous highs. The 4H RSI is also indicating bearish divergence, and we are looking for a move to the 220 level.Continue reading “SOL/USD Downside? 9 Nov 2021”

Solana/USD About to Moon?

Solana has held the Fibonacci golden pocket as support, and has now broken the corrective trendline, confirming the bull market. We’re looking for price to have a continued upside, targeting the 27% fibonacci extension at the price of USD 235. Our idea would be no longer valid if price breaks below the fibo golden pocketContinue reading “Solana/USD About to Moon?”