EbonyFalcon

EbonyFalcon

My overall bias for Solana is super bullish. I like the weekly price setup. Weekly MACD, RSI and Stochastic are all showing the clear (not strong enough) bullish momentums. If you are interested in investing in Solana for the duration of the current crypto cycle, it is a good time to buy. However, if you are interested in swing trading (medium term), I...

EbonyFalcon

My overall bias for Bitcoin is bullish, and I invest in Bitcoin. Yesterday, the price sharply dropped below $100k, retested the previous week low and previous month mid level, and sharply recovered and closed above $101k. The volatile intraday price movement formed a massive daily hammer candle (a candle with a long bottom wick). It is the sort of area...

EbonyFalcon Updated 

I sold most of my SUI positions today. My overall bias for SUI is still bullish. However, there are some bearish signs in weekly and daily charts. My main concern is if the bear trend resumes in the higher time frame, it will take weeks and months for the price to recover. Meantime, I identified long opportunities in other crypto currencies. I rather...

EbonyFalcon Updated 

My overall bias for Solana is bullish.   The chart looks really good for the bull in the higher time frames such as monthly, weekly and 5D. I am considering to open a long position for swing trade and for that I us two time frames - daily for confirmation and 4H to identify an entry area. Daily chart: I use daily MACD to identify the general sentiment of the...

EbonyFalcon Updated 

If the current price action cannot make you bullish on Solana, nothing can.   I am heavily investing in Solana because fundamentals and technical are both so strong.  Solana is going to go up. BUT, if you are trading, I think it is good to wait a bit longer. The price moved very quickly from $169 to $295 (all time high) and pulled back to $231 at Fib 0.5. ...

EbonyFalcon

The price pulled backed to Fib level 0.618 and EMA21 and retested the previous higher high.  Now it moved above the previous month/the previous week's mid level.  All daily momentum indicators have crossed and are starting to move upwards in the bull zone.   It is a very bullish set up. 

EbonyFalcon

I just published my article on ai16z and my thoughts on Virtual is very similar to ai16z. The current chart set up for Virtual is pretty ominous, however, I am still bullish on Virtual. The new US president just came into the office and also his (and the rest of his family) meme sucked all the liquidity out of the rest of the crypto market. The market is very...

EbonyFalcon

Although the current chart set up is pretty ominous, I am still bullish on ai16z. The new US president just came into the office and also his memes sucked all the liquidity out of the rest of the crypto market. The market is very volatile and it is hard to do technical analysis at the moment. The one thing I can say is that it is not the time to be...

EbonyFalcon Updated 

Virtual protocol completed a strong correction from $5.1 to $2.2.  The price fell to the key Fib zone (Blue Fib line in the chart) bounced up with a strong bullish candle formation in the 4H chart.   The price broke and closed above the descending parallel channel as well as Fib 0.236 (orange Fib line in the chart).   As I mentioned in my last article, when the...

EbonyFalcon

I have a bag of Fartcoin.   I am planning to hold it for a while, but there is one possible trade idea using RSI in the daily chart. On Dec 8th, RSI lines cross to the upside in the bull zone and the price continue to go up until RSI lines reached the overbought territory and crossed to the downside.   If you opened a long position at the close of Dec 8th's...

EbonyFalcon

ai16z went through a major correction from $2.40 to $0.91.  It started to recover and reached  $1.64 at Fib 0.5 level, however, the price is dropping again.   4H MACD is in the bull territory. 4H Stochastics is in the bear territory but is about to roll back up.   I consider Fib 0.236 as the last line of defence for the bull, so ideally I don't want the price to...

EbonyFalcon

I bought more SUI this morning. I use two time frames to decide a trade entry - i.e. weekly/daily or daily/4h. 1) I use stochastic in a higher time frame to confirm the direction of my bias. If I am interested in going long, I first look at the daily stochastics (9,3,3) is reset, crossed and pointing upwards. 2) If the first condition is met, I am going to...

EbonyFalcon

Ethereum has been underperforming other major cryptos.  However, I can see some bullish momentum building up.    I think Ethereum will eventually go up. If you are investing, you can buy it. But if you are trading with leverage, I don't think it is the time for it yet. The below is my reasoning: Weekly chart 1) Weekly MACD lines are above 0.  Bias is...

EbonyFalcon

Bitcoin decisively broke above the key resistance/support line (green line). MACD, RSI and Stochastics support the bullish momentum. It cannot be any more clear.

EbonyFalcon

The price retraced to $0.009 at Fib 0.5 level and consolidated for 10 days.  Yesterdays daily candle closed above Fib 0.236 which is the last line of defence for the bear.  Today, the price is moving up decisively.  Daily momentum indicators also support the bullish momentum.   I bought some when the price broke above the previous month high.   I like both the...

EbonyFalcon

GAME is an AI agent infrastructure project in the Virtual protocol ecosystem.    A small market crypto project is extremely volatile and can be unpredictable, but I enjoy trading a project like this based on technical analysis.    Technical analysis can be very subjective.  Depending on which time frames you are trading and how you are seeing patterns, you can...

EbonyFalcon Updated 

GRIFFAIN is an AI agent project on Solana blockchain. The price has been consolidating since 13th Dec and the price has broke above the resistance line at $0.35. The current chart set up in Daily timeframe looks to me exactly the same as that of ai16z on 27th Dec when the price skyrocketed from $0.90 to the current price of $1.72. MACD crossed above 0 level...

EbonyFalcon

I sold my SUI last week because the daily MACD had been forming a very clear negative divergence.  It is my profit taking rule - sell some when clear negative divergence appears in the 4H or daily.    I followed my rule, but I ended up buying back yesterday.    I usually rely on the interaction between MACD and Stochastics to gauge the strength/weakness of the...