4-Month downtrend line broken, forming an extended W and also a break & retest pattern. Fib zone to look out for is between 50-61%.
Likely to have a wick into the trendline and possibly appreciate from there.
One thing worth noting is that if price does indeed retest the trendline itself, the run up may not be as powerful. A rally from this current area would be the ideal outcome. A similar outcome would be similar to that of $sol. Check the the comments and linked analysis for a visual.
Likely to have a wick into the trendline and possibly appreciate from there.
One thing worth noting is that if price does indeed retest the trendline itself, the run up may not be as powerful. A rally from this current area would be the ideal outcome. A similar outcome would be similar to that of $sol. Check the the comments and linked analysis for a visual.
Commento:
Solana
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
