Waiting for this low to come in and give us our next sell level.
Multiple corrective patterns over the last couple of months followed by a sharp drop has set up more downside.
It could get back down below 20 again before the next decent rally.
Ideal scenario would see a rally back to the 38 area in an ABCD pattern over a week.
Lets see how this one plays out..
Multiple corrective patterns over the last couple of months followed by a sharp drop has set up more downside.
It could get back down below 20 again before the next decent rally.
Ideal scenario would see a rally back to the 38 area in an ABCD pattern over a week.
Lets see how this one plays out..
Note
We got the turn out of the 382 - 50% area we were looking for an after inflationary data which we know that Crypto doesnt like. We are now on our way to 28, so we need to be selling the first retracement again.
An ABCD structure will give us the entry we are looking for.
Note
Smaller TF
Note
More downside coming.. 28 or lower are the targets.
Note
No bounce yet. 30 large number might hold it up but to ultimately give way.
Note
Still tracking that one more move lower.
Note
SOL - Still undecided in the direction but a couple of levels to watch over the coming week. Still a chance of a decent rally before more selling as there is no strength from the recent lows to say a possible bottom is in. Updates coming as we go along this week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.