It caught my eye that now both the 
SOLBTC ratio and the 
SOLUSDT chart are flashing huge trend reversal signals in long term charts this month.
Downside risk is roughly 25% down from here, to invalidate the trend.
Upside potential depends on how long the trend lasts, but for the time being we're looking at something between $65 and $217 by June 2024 or sooner...
Best of luck if you take the trade.
Cheers,
Ivan Labrie.
SOLBTC ratio and the SOLUSDT chart are flashing huge trend reversal signals in long term charts this month.Downside risk is roughly 25% down from here, to invalidate the trend.
Upside potential depends on how long the trend lasts, but for the time being we're looking at something between $65 and $217 by June 2024 or sooner...
Best of luck if you take the trade.
Cheers,
Ivan Labrie.
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Disclaimer
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.