Seems like we have a fairly well-defined consolidation pattern here at the moment with a 47k support area. Money moved from ETC to BTC and now to SOL - as investors look for an elevator ride. :-) Downside risk is still in the 44k area.
Note
Retracing following a prior pattern, and staying within the upward channel, would bring us down to 48750 range.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.