Solana - Projected Ranges

Dec 18, 2021

Here's some market structure and potential movements I'm seeing using trend lines, highs and lows, fibonacci fraction retracements, and high volume nodes. The candles are custom developed range bars showing highs and lows, ignoring open and close. Plotted is a hull moving average showing concavity shifts (color and line thickness shows shifting of the derivative, or acceleration, of the moving average). Also plotted is a donchian channel showing 50% retracements, alongside .618 and .786 fibonacci levels based off the recent high and low range.

Dec 18, 2021

Note

The arrows are starting AND pointing to potential bounce/rejection or breakout/breakthrough areas.