I am not sure will the next few days will be a pump or dump but i feel we are not going back to 52000-52500 range. The trend is clearly in downtrend.
are we ready for this merge is near and ethereum showing a strong move against BTC it has formed a ascending triangle in 4hr time if it breaks out we can see a good rally in it price expectations are 18k in sort time and longer duration if merge goes well eth can be seen at 20-21k
first, it broke the local trend line in violet color further moving we have the break the long term bullish channel sol seems to be weak against the market may get to see a nice correction in it leading the price to near supports
so beautifully playing out the ascending triangle is this new sign of bull market may be!! if we break the resistance and cross the 25k range we may see btc in new ranges that can be 30-40k which will lead to pump of many altcoins one by one with Ethereum
some bears are ready to pull you down be ready if we see the price is falling due to sell pressure but if we check the volume that is decreasing too means the buyers in the market are not interested to trade at current levels which make the reversal more difficult to occur hence i feel the price will fall more in short term and we can see some more levels down...
get ready for some red candles guys as we can see there are rejection trend lines above our price which is in the range 25000-25500 this is a range we may see a rejection and fall back to near support but as we see this was an unexpected growth which I don't feel will last long it all started due to Ethereum news pulling the BTC with it so soon we will beck to...
head and shoulder are still there in our list just that now we assume it to create on a trend line rather than on a support line if it breaks out with volume then we may reject the resistance or else a downward even with the breakout I don't see this as a relief rally yet this cant be the bottom as the volume has not increased much with increased prices in past...
the trendline which i feel Solana should follow with the recent pump in alts I consider of a pullback from here which we will be seeing once btc rejects from point
we may see a bottom W pattern in btc as there was a sudden rise in price which I don't seem to be a good signal as the Binance said that its buying were fake and fear greed index is still in red being such fear in market the volume will be low so we can get to see a rejection at given point and than a fall in price with a further increase if it completes W patter...
the above is the trend line in yellow which BTC should follow and below are some support lines where we can expect a bounce from BTC here if there is huge volume candles than only enter at this support lines
i recently updated about price where i said you if it breaks the ema and my resistance line there will be a nice pump in btc here we are 1000$ pump in btc and there is greenery in market for few days dont rush to buy all coins because i dont see this as a moon trend short term and scalping are invited for long term wait i feel we will get another dump in...
this are my trend lines which i am following from many days you ca check how the price always respect the lines as support and resistance follow this
if we analyse btc we can get a good report of market looking at the btc again it is respecting my drawing lines and alse respecting 15 min 200 ema so price needs to break first my trend line than 200 ema to get bullish back and i have made chart clear for you guys the trend lines are still same its so easy look my chart trade respective to that and earn free...
i guess some more dump in market is still there total market cap has no near support now and lower support is drawn there if total cap reaches there we will see nice correction in btc and maybe bear market start
price is glues to resistance i am expecting a downfall since there is no volume in market for now the price may follow the pattern i had given be safe dont open longs until the trend resistance is broke can take a risk of taking short here but market is uncertain now happy trading and bye bye
i have made this line based on some past movement but there are not much strong due recent pump dump market the patterns are messed up for a while follow this dotted lines are support resistance where we have seen major price action keep trading (bye)
yellow is uptrend line and orange are the down trend line so trade as per that until now it has gone right
price has formed a nice descending triangle and the market is kind a bearish for few days and no sentiments are changing after seeing some stabilisation in btc i feel that there will be downfall in sol but not much will have to see what happens if it dips i am going to fill my bag on this eth killer have a good day happy trading