possible breakout to resistance key level 1,4 yet we are facing a downtrend on the long run based on market structure fear is overcoming the market , continuation pattern might continue making LH . LW
sellers are overtaking buyers , market sentiment is extremely in fear mode ,bad news more then good news for BTC holders , panic selling occurred drooped the price below 32k , buyers will regain power soon to push the prices forward after high selling volume
either we wait for a breakdown or breakout depends on the supply and demand , watch market structure threw the day buy at support , better edge
high selling volume , positive divergence indicating consolidation + potential breakout to higher level noting that we have a major resistance above to be broken by buyers support
since we have a market crash Sol is facing hard time high selling volume, will see soon strength from buyers support once market regulate and BTC gain some value back again, we supposed to have more higher lows but soon it will reverse
reversal is a must , we have strong supports ,buyers are ready , whales already sold on high price ,time to buy on low prices yet Fear is high non less the trend reversal will happen when it touches this level of support
sellers overcame buyers at the moment , fear in the market having bearish trend yet reversal will happen very soon with little good news from china town
HAVING A BEARISH MARKET , FOR THE SHORT TERM REVERSAL PATTERN WHEN TOUCHING SUPPORT TO RETEST THEN UPTREND MODE TAKE PROFIT ON TP1 THEN TP2
as we can see sellers are in control, yet buyers are moving ,,, will see a decent fight then potential uptrend Check TP1
recently having lower highs in descending mode , compression on the rise possible breakdown
Reversal pattern as it showed Rectangle bottom , price will Breakout > first resistance if succeed will continue for an uptrend
descending channel , will have reversal soon afterwards ( price will move up , potential uptrend )
moving trend (strong upward ) buyers are getting ready
Strong power move into market structure , uptrend signal on the rise , higher lows into resistance , a breakout soon