SOL reached its critical level for a LONG time.
We have formed a 3 times right, swingfailure pattern on the downsloping linechart support level. If this level holds its the moment for a reversal, if it does not we either form a double bottom right under the support for a failed auction where we go back into the pattern, or crypto collapses for a major markdown.
So far based on history and the patterns presented to us in the charts, we have a higher likelyhood to go up. Bitcoin will have its final support at 70k for a decision point to also get back to its 100k+ levels for a continuation of its bulltrend.
We have formed a 3 times right, swingfailure pattern on the downsloping linechart support level. If this level holds its the moment for a reversal, if it does not we either form a double bottom right under the support for a failed auction where we go back into the pattern, or crypto collapses for a major markdown.
So far based on history and the patterns presented to us in the charts, we have a higher likelyhood to go up. Bitcoin will have its final support at 70k for a decision point to also get back to its 100k+ levels for a continuation of its bulltrend.
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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.