On the 1hr timeframe, we can see solana cover over 75% of the pennant. Should solana trade above the resistant pennant @40-40.65 price range, then we may likely see a strong buy impulse, especially with the 50MA currently crossed above the 200MA.
If the resistance at the upper pennant hold off strong, then we may likely see solana come down to the $35 region...
On the Daily Time Frame, We see a Lollipop Bullish Engulfing candle occur on the 18th and 19th of June on the 17k-19k support region and Also we see the just concluded daily candle ending up as a Doji.
My MACD oscillator line is currently crossed above my Signal EMA on the Market Strength Indicator. With this current inflow of strength to BTC, we will likely see...
A little Insight into the expected incoming drop down of BTC. If only the market can strive to break beyond 30k resistance and relies on it as a support, Only then can we be considered safe a bit.
