Solana and the predictability
تم تحديثه
Solana seems to be a pretty predictable as price moves down the bottom indicator the top usually declines with it, and if price inclines volume inclines.
This indicator measure the difference between two moving averages similar to a macd histogram. As the two moving averages become closer then the indicator retract back to its average obviously is the fast is below and a long way from its slowing average it deviates far below its average into the red. Vice versa if it where bullish. As trends loose momentum the faster deviates from its slower moving average less with each push up. Which is what you can see happening currently. If the trend where to be gaining momentum then we would see higher highs and lower lows.
Currents something out of the ordinary is happening with Solana and i can only pinpoint on other time that Volume was inclining whilst price was declining and that was previously at the high off the last bull run for a very brief moment before volume decline with price. This could mean that with volume increasing and price declining that the buyers are taking profits as the increase in volume is not supported by price action.
Find it odd as other crypto and equites usually have a drop in volume at the end of a trend then a increase in volume. I am sure on other timeframes it might be observed but on the three day it seem to decline with price action.
Made this into a IDEA as you can observer how its moving averages of volume interreact with the moving averages of price action.
Also to note usually a divergence is quite obvious before a increase in price so i will keep this idea updated.
Any break of the current trend exhaustion would be quite bullish for Solana. This normally happens at the end of a bear market.
Will not show lines drawn. By a break in the trendline i refer to the picture below
This indicator measure the difference between two moving averages similar to a macd histogram. As the two moving averages become closer then the indicator retract back to its average obviously is the fast is below and a long way from its slowing average it deviates far below its average into the red. Vice versa if it where bullish. As trends loose momentum the faster deviates from its slower moving average less with each push up. Which is what you can see happening currently. If the trend where to be gaining momentum then we would see higher highs and lower lows.
Currents something out of the ordinary is happening with Solana and i can only pinpoint on other time that Volume was inclining whilst price was declining and that was previously at the high off the last bull run for a very brief moment before volume decline with price. This could mean that with volume increasing and price declining that the buyers are taking profits as the increase in volume is not supported by price action.
Find it odd as other crypto and equites usually have a drop in volume at the end of a trend then a increase in volume. I am sure on other timeframes it might be observed but on the three day it seem to decline with price action.
Made this into a IDEA as you can observer how its moving averages of volume interreact with the moving averages of price action.
Also to note usually a divergence is quite obvious before a increase in price so i will keep this idea updated.
Any break of the current trend exhaustion would be quite bullish for Solana. This normally happens at the end of a bear market.
Will not show lines drawn. By a break in the trendline i refer to the picture below
ملاحظة
Here is a comparison in which volume increases with the decline in price.
If both are looking bullish yet one is making lower lows on the comparison and increasing volume then the possibility of it underperforming is of a high chance.
Or vice versa if volume is increasing and price of individual ticker looks bearish then this could mean that it is going to decline faster then the denominator.
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