SOL/USD 4h chart
Solana Rhoades/USD 4h chart
After leaving descending channel without a significant price reaction, we're now trapped in a symmetrical triangle formed directly on the support line - I can smell indecision of a market.
Generally, we can say that we're now in a bit more neutral territory in comparison to the past days of September. And it looks like altcoins are waiting for a big move from Bitcoin since all volumes are descending, which normally leads to massive price volatility.
If we do some TA targets for a symmetrical triangle:
Upward direction - 170$,
Downward - 105$.
Expect breakout no later than on 3rd October.
After leaving descending channel without a significant price reaction, we're now trapped in a symmetrical triangle formed directly on the support line - I can smell indecision of a market.
Generally, we can say that we're now in a bit more neutral territory in comparison to the past days of September. And it looks like altcoins are waiting for a big move from Bitcoin since all volumes are descending, which normally leads to massive price volatility.
If we do some TA targets for a symmetrical triangle:
Upward direction - 170$,
Downward - 105$.
Expect breakout no later than on 3rd October.
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