Plain and simple. Price is currently at support and to aggregate, the 200 MA is also being touched. Good chances for SOLANA to go up a little bit in such market.
As we all know, a falling wedge means bullish price action in TA. Always do your own research. Not financial advice.
Signals are for short, also, weekend is here.
In the first wedge, we had a descending one, which you can see, it led to a minor upwards movement. Now, we are witnessing the formation of an ascending wedge, which makes me feel short-term bearish. Another pullback for BTC would be very healthy for the bull trend in the long-term, as the halving event is getting closer.
Plain and simple. Tomorrow, february 18th, will be a crucial day for the BTC, as there is room for one more candle inside the wedge. If BTC closes a candle above the wedge, consider LONG positions. Otherwise, expect BTC to bounce off the next support area. We'll might see a stronger rally in the coming months approaching the halving event.
ETH achieved the golden cross, however, golden crosses/death crosses don't show immediate results. If you take a look in the past, took several days for price to react on those crosses, not saying that crosses don't work, it actually tell us which direction the market will likely follow, but given history of past prices, it will take days, even weeks for prices to...
SL are pretty clear, above or below the channel if you're either in SHORT or LONG positions.
So, LINK had a minor retracement, touching the lower channel, which as you can see, is acting as a moving support and then, had a nice pump (roughly 4%) from there. For now, I'm considering price to move upwards close to resistance (the upper channel), and setting stop-loss a buff away from the lower channel.
Expect high volatility soon, as the wedge is narrowing. Always set stop-limits.
Falling wedge formation, waiting for candle confirmation of breakout upwards.