New Solana consolidation pattern! (p1)This idea I will explain in 2 different charts. This is the "micro" (and the super micro is seen in the 1 min chart).
I'll post a 72min chart next to this one where one can clearly see the levels.
Anyhow, consolidation is taking place at the 0.5 and currently at the 0.382 level.
This las micro pattern of consolidation has an entry point at 53.11 (remember this number) Further micro patterns may have a different entry point, but all of this is happening at the macro zone between 0.5 and 0.382.
This consolidation has its target at the 69-71 level which is again a huge move.
Lets see what happens.
Don't forget to look at chart 2 for this idea.
Cryptomoon
AAVE 2.5 Month Trendline Breakout Calls for a ReversalAAVE was the best performing crypto in the last 24 hours, gaining almost 13%. AAVE's gains are no coincidence, coming as the result of a classical trendline breakout signal that has the potential to signal a bottom.
Trendline Breakout
This is a fairly notable trendline, both because of its age and because it connects all the peaks printed in 2022. The breakout can signal a major shift in the market sentiment, but the bulls still need to clear the next major hurdle that comes around the $150 – $159 SR zone.
RSI Momentum
Yesterday was a big reversal day that was followed by a break of the RSI oscillator above the 50 mid-level. In mid-January and at the beginning of February, we had two failed attempts to break above the RSI 50 level.
However, the sizeable bullish candle printed yesterday can signal that the outcome would be different this time.
Looking forward: If the bulls manage to clear the $150 big psychological number, it will open the door for a possible test of the 0.382 Fibonacci retracement level, which perfectly aligns with February's peak. Ideally, we want the RSI oscillator to hold above the 50 mid-level to increase the chance of the current rally to extend.
Total Crypto Market Cap Excl. BTC Escalation 1 to 2 TRILLION1T Market Cap was reached violently, topped at 1,117T, in three weeks starting from 577B on March 25th.
The option of an accumulation area at this level is now reasonable.
February ATH 700B was followed by a month and a half of retracements and accumulation. Now the RSI is in overbought area as well as in February in the daily chart, but the weekly chart is still super bullish pointing directly to 1,25 T at least.
I won't worry anyway, 'cause in 2026 the total crypto market is expected to rise to 11 Trillion by traditional investors...It might be far bigger.
XRP will have its boom. When the cycle is complete. After researching on some of the older XRP charts that no longer are available on tradingview i drew the 2013 peak based on backwards day calculation and connected it to the peak of 2017 with the fibonacci channel tool.
Many of the fib lines aligned perfectly with the trend. And therefore i see XRP going sideways until the end of 2020 and the 4 year cycle completion.
Many of you maybe will get disappointed with that analysis because we have to wait one more year, but look at it from the bright side ( alot of opportunities to make money from that sideways chop until the end of 2020)
Conclusion:
Just keep buy XRP on every daily/weekly oversold RSI/STOCH and u will make money. The risk/reward is still in a very good position.
We might get a pump of the 0.786 fib but it will eventually get in a new chop range until 2020
To the moon