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BTCUSD - Technical Setup Points to Renewed UpsideLooking at this Bitcoin/USD daily chart, the technical setup strongly favors upside continuation despite the recent pullback from the $113,000 highs. The cryptocurrency has demonstrated remarkable resilience by maintaining support above the $100,000 psychological level after its dramatic surge from the March lows around $60,000, representing an 80%+ rally that established a clear bullish trend structure. The current consolidation pattern around $104,000 appears to be a healthy correction within the broader uptrend, with the green arrow projection suggesting potential for further gains toward the $115,000+ region. Key supporting factors include the sustained break above multiple resistance levels, the formation of higher lows throughout the uptrend, and the relatively shallow nature of the current pullback compared to the magnitude of the preceding advance. While short-term volatility remains elevated, the overall momentum and trend structure indicate that buyers are likely to step in on any weakness, making a resumption of the uptrend the higher probability scenario. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:BTCUSDLong
by financialflagship
Everything Bitcoin Cash Points To a New ATH; $2,600 or $4,150?Bitcoin Cash is bullish, ready to grow within the bullish zone. There is zero doubt. I think it will be hard to know if the peak will happen around $2,600 or $4,150. There is a huge difference. Knowing how erratic BCH has been in the past, we have to go with the second higher target; what do you think? It is hard to say but we have two targets mainly for late 2025. There is no doubt that we will get a new all-time high we just don't know how high. I will go with the second one just in case. Say this bull market top for Bitcoin Cash will reach somewhere around $4,000. Can be more or less. You can leave a comment with your number. How far up do you think Bitcoin Cash will go? And remember, the bullish bias is already confirmed. Everything points up. The chart, the indicators, the patterns, the signals, the overall market, everything... Thank you for your continued support. If you enjoy the content make sure to follow. Namaste.
Long
by MasterAnanda
5
Litecoin —It's All In Your Mind, Time To DecideTruly the longest consolidation phase has been experienced, since June 2022 until June 2025. This consolidation produced a broad channel for Litecoin but, make no mistake, this is a trading range. The difference between a rising channel where consolidation is happening and a very strong bull market is the slope of the rise. The bull market price action produces a much stronger rise, as shown by the bars pattern. The action becomes more erratic to the upside rather than stable and sideways. The market becomes euphoric because people cannot handle all the money they hold. Your account balance grows and grows and grows, so much that you lose all control. So much that you forget it, so much that you don't take action and then everything is gone. It is incredible but still, many people do take advantage and those are mainly the ones with experience. The first time we get it wrong. That's ok, we've all been there, nobody to blame rookie mistake. The second time we do better but we still feel we could have done even better. If only we had more organization, more time to prepare; more experience... The third time... This is the third time. Thousands of millionaires are created in each bull market, tends of thousands, are you going to be one of those? There is no competition. For you to make money nobody else has to lose money it doesn't work that way. It is different; the market gives, the market takes. If you are ready to accept a lot the market will give you a lot. If you are here to lose money the market will take everything away. It is not about the whales, the bots or the exchange... It is all about you, it is all in your mind. Some people join the last few days and make millions by buying big and selling right away, over and over. Some people lose millions by going LONG going SHORT when the market is neither going down or up. Some people are playing games. You just need to decide, consciously and unconsciously what is your true goal. If you want financial independence, financial abundance, financial freedom, just make your choice. Say it, write it, see it, feel it... Believe it, and everything you want will be yours. There is no limit other than your own mind. The market will give you whatever you are ready to accept. If you work for 10 millions dollars, that's exactly what you will get. But, if you work for 100 millions, hundreds you will get. There is no limit. It is all in your mind. Namaste.
Long
by MasterAnanda
1
Internet Computer Protocol $81 Easy Target Yields 1,450% ProfitsIf you saw the Injective chart you know what happens after a correction, a classic ABC correction. What follows a correction is a bullish impulse. A target of $81 gives us more than 1,450% profits potential for this pair, ICPUSDT (Internet Computer Protocol). This is a project that was damaged by the SEC's decision to label it a security, remember? The SEC today is no longer the same as back in those days. It is different now. The SEC is crypto-bullish, the SEC is friendly and whatever damage was caused will be reversed, make no mistake. Right now ICP is moving within it's long-term accumulation zone. As the name implies, a zone that is good to buy for those focused on long-term hold. Even if you are looking at the short-term or mid-term, this right now is a great entry, great timing, the best possible prices preceding the 2025 bull market phase. It was a while back when I first saw the possibility of the bull market extending beyond late 2025. This scenario/possibility is now becoming stronger with many projects supporting this view. The chart of many stable, long-term projects are pointing to growth leading into the first half of 2026. Q1 and Q2 2026. This would definitely be the best ever. Will the next bull market peak in late 2025 or early 2026? Make your guess. What cannot be doubted is that we are going up next. Up, up, up. Are you prepared? Preparation comes in the form of a plan, and lots of money injected into the market. Buy like the world is about to end. Start buying and continued buying, everything you can. You will be very happy with the results, I promise. Thank you for reading. Namaste.
Long
by MasterAnanda
10
Vechain, Pick Your Own All-Time HighA mirror image from 2020-2021 would put a new all-time high for VETUSDT (Vechain) around mid-May 2026. Starts late ends late, right? This is a great chart. Vechain hit bottom June 2023 and has been consolidating within a rising channel. A rising channel as in higher highs and higher lows. Now, this is bullish but still not a bull market but bullish consolidation. Consolidation can happens in three different ways: 1) Purely sideways. When the action happens within a range. 2) Bearish consolidation. When consolidation produces lower highs and lower lows. 3) Bullish consolidation. As we see here, with higher highs and higher lows. Now, this is bullish but still only part of the transition period. Bull market action is what you see on the left between March 2020 and April 2021. Notice the huge difference. Some other projects have been producing lower lows but this isn't a bear market more like bearish consolidation. We are about to enter the bull market phase. And this phase tends to end in a bull run. If the same pattern from 2020-2021 repeats, we can see a new all-time high in May 2026. I have four new ATH projections on this chart, pick your own. Thank you for reading. Namaste.
Long
by MasterAnanda
4
Fun Token: March 2026 New All-Time High? It Will Be FunA very strong bullish signal is present on this chart and we have some interesting price dynamics as well and a time-fractal to consider. Good evening my fellow Cryptocurrency trader, how are you feeling today? There was a very strong market flush recently with FUNUSDT (Fun Token), removing all LONGs and all SHORTs between December 2024 and April 2025. After December, there was a crash producing a major low. The lowest prices in 5 years, since March 2020. Then immediately there was a strong rise producing the highest prices since December 2023. Then a retrace and the action goes back to baseline. The multiple years long low removes all LONGs. The more than a year strong high removes all SHORTs. A full market flush. The very strong bullish signal is related to the low point from June 2023. As the present retrace ends, the action is back above this level and this is super-bullish. From March 2020 through late March 2021 we have 55 candles and 385 days. The same would give us a date of 30 March 2026 for the new ATH. That is if FUNUSDT grows in exactly the same way. This is just an entertaining exercise. This bull market can last 221 days, 180 days, 360 days... Anything goes. It can last 465 days for all I know, but, if the same pattern repeats, we have an entire year to see the market grow. The exact date? The exact high? Anything goes. What cannot be doubted is the fact that the Cryptocurrency market is set to produce the strongest growth period since 2021. It will be FUN. Namaste.
Long
by MasterAnanda
2
IOST: New All-Time High May 2026? Interesting... Must Read!The lowest price ever for IOST happened March 2020. The second lowest happened April 2025. We shouldn't expect for IOSTUSDT to go as low as March 2020, we can easily say/predict/assume that the bottom is already in. Let me show you something really interesting. IOST entered a bull market after the March 2020 bottom, supported by easy money. The bull market from bottom to top lasted 399 days. If we do a time-fractal and project 399 days into the future counting from the April 2025 low, this would give us a date of May 2026. Interesting. We are set to have easy money this year as well, same conditions as in 2021. I've been saying late 2025 or early 2026 for the full bull market to unravel, but this is an interesting date. I don't know how long the bull market will last, I don't know how far up prices will go. There is only one thing I know 1,000% certain, safe, Crypto is going up. IOST already hit bottom and is printing a higher low. This higher low marks the start of the next leg-up, the continuation of the bullish impulse. This impulse should last a long time, long-term growth. It would be awesome if we have a bull market until mid-2026, but be prepared for anything to happen. The most important action right now is to accumulate, buy while prices are low and hold. Hold strong. You will be happy with the results. It will take a while but it is something certain. The bull market can end later this year or in 2026, that's ok. As long as everything grows, we can produce financial success. Financial freedom. Financial independence. Financial abundance. It is all yours to take. Namaste.
Long
by MasterAnanda
1
Thena: Hold Until The End (1,337% Profits Potential)Which one will you take? Endless opportunities the Cryptocurrency market has to offer; which one will you take? Doesn't need to be just one can be many. You can choose many pairs to trade. Countless opportunities are available now and these will be generating huge profits in the coming days. The first burst forward will produce 100%, in 1-3 days. And this will be followed by sustained long-term growth. It will grow so much and for so long, that you will become bored. It won't be exciting anymore... Until the correction of course. Thena here has more than 1,000% potential for growth. Right now this pair, THEUSDT, is sitting on a higher low or double-bottom, in this case it is the same. This is the same pattern produced by Ravencoin, remember? That project that grew more than 150% in a single day. "Altcoins Market Bull Market Confirmed, Ravencoin." And it is true, watch everything grow. This same pattern is present on so many altcoins, not all of them but many and we know exactly what will happen next because what one does, the rest follows. THEUSDT is about to go bullish, can take a few weeks or less, a few days. When the bullish wave starts it will go for months, months of sustained growth. You simply hold until the end. Thank you for reading. Namaste.
Long
by MasterAnanda
Injective & Elliott WavesAn impulse leads to a correction. A correction leads to an impulse. The chart here starts with a bullish impulse. 1,2,3,4,5—blue-left. This impulse leads to a correction. ABC—orange. The first ABC correction, the bear market, ends June 2022. A correction leads to an impulse so a new bullish impulse starts right after and we have a new 5-up waves. 1,2,3,4,5—blue-center. The bullish impulse ends March 2024 and this leads to a new ABC correction. Orange-right. The correction hits bottom 7-April 2025. The end of the correction signals the start of a new bullish impulse, 1,2,3,4,5 blue-right. The 2025 bull market. This is Elliott Wave Theory simplified. Namaste.
Long
by MasterAnanda
11
The 2025 Bull Market: Do Not Sell Unless You See A New All-Time How long have you been in this market? You are about to embark on a journey; you are about to experience/enjoy the most sought after phase of the cryptocurrency market, the bull market. If you've been around for less than four years, you've seen nothing like it. It will blow your mind. You can see the numbers on the charts, past action and there you have your proof, but nothing can prepare you for the actual experience. Even if you've experienced previous bull markets, the actual event is mind-blowing. We are dying for you to try it. We cannot wait anymore... We just want you to earn, make money, share, have fun and enjoy. We, the Cryptocurrency family, deeply love you and wish for you amazing results. Don't be shy. Do not be afraid. Buy everything up like it is the end of the world. Once bought, hold. Do not sell. I repeat, do not sell until prices are high, really high up. For example, looking at Optimism, OPUSDT, wait for a new all-time high before taking profits. Thanks a lot for your continued support. Leave a comment if you enjoyed the article, it will only take ten seconds. Namaste.
Long
by MasterAnanda
4
XRP Looking Better But... Mixed. Comment, Support Me!XRP is looking much better now. It closed four days green after a higher low but something is off. I mean, it is good you can see the chart the rising channel but I am sensing some weakness. There is zero volume. Normally, when the retrace ends and produces a higher low there is always at least a small spike in volume. But, it can happen that there is no volume because it is early and there will be long-term growth and so volume only shows up when resistance is being removed. Since doubt can creep upon us we focus on the price and the chart. Higher low the bears showed no strength with several days green we can see prices continue to increase. Let's keep it easy. Set at stop below $2.07 and go all-in. Do what you think is right already LONG on XRPUSDT since 30-May. We have to wait and see for the market to produce the results. I mean, what is your take? You are an expert too give me something, give me something in the comments because it is not an easy chart but it is clearly pointing higher. The problem is that sometimes the chart signals are fake. Leave a comment with your view. Thank you for reading. Namaste.
Long
by MasterAnanda
9
Bitcoin - Will the $100K Level Hold?Since reaching its all-time high (ATH) on May 22nd at an impressive $112,000, Bitcoin (BTC) has entered a corrective phase that has caught the attention of traders and analysts alike. After a strong and relentless move to the upside, such a phase is not uncommon in crypto markets, where rapid rallies are often followed by cooling-off periods. As of now, BTC is trading at around $101,000, marking a decline from its peak but still maintaining a significant portion of its recent gains. This retracement has not only been healthy in terms of price structure but also offers potential opportunities for those closely monitoring key technical levels. 4H FVG One important aspect of the move leading up to the ATH was the formation of a 4H Fair Value Gap (FVG). These imbalances, left behind during aggressive moves in the market, are often revisited and filled as part of a broader effort by price to return to equilibrium. The current FVG spans from approximately $100,500 to $99,800. This range is especially noteworthy, as such gaps tend to act as magnets for price action, creating zones of potential support where buyers may step in to defend the structure. As BTC approaches this region, it's plausible to expect at least a temporary bounce, particularly if market sentiment remains constructive. Golden Pocket Fibonacci Adding further weight to this zone is the confluence of the Golden Pocket, the area between the 0.618 and 0.65 Fibonacci retracement levels, derived from the latest upward leg. This specific Fibonacci region is widely regarded in technical analysis as a high-probability reversal zone, often attracting significant buying interest. Interestingly, the Golden Pocket aligns almost perfectly with the aforementioned FVG, both residing in the $100,500 to $99,800 range. The overlapping of these two technical indicators strengthens the case for this area to act as a firm support level, or at the very least, a point where the ongoing correction could take a breather. Conclusion Taken together, the alignment of the 4H FVG and the Golden Pocket around the $100,000 mark creates a technically compelling scenario. The psychological impact of a round number like $100,000 only adds to its potential as a battleground between buyers and sellers. If this zone holds, it could spark a notable bounce, either a temporary relief rally or potentially the beginning of a renewed leg to the upside, depending on broader market conditions. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
Long
by Youriverse
27
XVG - Privacy is Important!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈XVG has been overall bullish trading within the rising channel marked in blue and it is currently retesting the lower bound of the channel. Moreover, the red zone is a strong structure. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #XVG approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
Polygon, Higher Low? Easy 1,000% Profits PotentialFour weeks red! Do you really believe the market will continue moving lower? If the answer is yes; think twice, stop! Think again. Four weeks red is all that you will get you bearish bastard. Your time is over. We are taking over, the bulls are entering the game. You had your fun, you had it for a few days. You can't have it anymore, I am calling my friends. Friends, look at Polygon (POLUSDT), the chart looks great. Whenever there is a retrace within a bull market, this is an opportunity to enter again. Great timing, great prices; the start of a new bullish wave. Prices are about to grow... Everything is about to grow... Crypto is going up. Are you in or are you out? Did you miss the initial bullish breakout? That's ok. The next bullish wave will 4-6 times bigger than the previous one for this pair. Sometimes even more. Here we have 1,000% profits potential as an easy target. Get ready and be sure to be prepared. Start buying like the world is about to end. Why? Because there will be so much growth in the coming days, that you want to profit all the way. To profit you need to be in, you have to buy when prices are low. You cannot wait for the green candle, the best time is now. Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
6
Sui Turning Green ($6.65 Target = 100%+ PP)Just like that Sui was red for 24 days. 24 days might not be that long but when you consider that the rise lasted 35 days, then yes, within this context it is a very long retrace... And look at the levels on the chart. Support found at 0.5 Fib. retracement. This level was pierced followed by a recovery the next day. Double-bullish signal; the recovery and the fact that 0.618 wasn't tested. I can honestly say that it is still early, but I can also say that this zone where the bounce just happened is a very strong classic support zone. This support zone can lead to the next leg-up, a strong rise with targets reaching $5.19 and $6.65. The chart looks good for a new bullish wave. The $6.65 target means more than 100%. Taken from the 7-April low, we are talking about a 285% total growth, profits of course. And this wouldn't be the end, only the start. SUIUSDT has much more to give. We can expect the market to turn and remained green. Namaste.
Long
by MasterAnanda
2
Ethereum: No Sellers, No Bears, No Pressure; Bullish ConfirmedTo put it simple, there is absolutely no selling pressure on ETHUSDT. And this is reasonable, Ethereum is now so cheap that not many people are looking to sell. Let's dive into this chart and see what we can find. Spoiler alert: I am no longer bearish on ETHUSDT. "The retrace" simply isn't a thing on this pair. There is no bearish action. Let's read the chart and see what it has to say. The low 7-April... Ok. 8-May ETHUSDT produced a very strong green candle to break above EMA55 and EMA89. Volume was also high on this date. These levels tend to work as strong resistance and the fact they broke decisively, means that the bullish bias is confirmed and Ethereum isn't likely to move back below again. Whenever there is a drop, these lines will work as support. The peak soon happened and Ethereum went sideways, it has been sideways in a small phase of consolidation. The lowest point came 18-May. There was a failed attempt by the bears to push prices lower but this ended as a big fail. Ethereum continues strong. Here we have again EMA55 and EMA89, magenta and blue lines on the chart. These levels remain untested as support which is a signal of strength. While some pairs went down 20%, 30%, 50%, Ethereum's maximum drop has been 14%, now, that's strength. As seen from the diagram on the chart, we are about to enter the third wave of a bullish impulse. There can be a correction after the third wave ends followed by additional growth. The break of EMA55/89 as resistance confirms that Ethereum is bullish mid- to long-term. This means 3-6 months of growth. Once MA200 is broken as resistance, we have at least six months of bullish growth confirmed, this will happen later this month. No bears means the bulls are in control. A very small retrace means buyers are strong. It all makes sense, who would be willing to sell their Ether when there is so much room left for prices to grow? No one, that is why prices remain strong. Adapt to market conditions fast and live. Some pairs are going down while others are going up. Some pairs are sideways; some are growing strong. This is the early stage of the 2025 bull-market, just wait and watch... Just watch! It will get wild faster than you think and it will become so wild that you won't be able to handle the market at all. Everything will become so good, so fast, that you will feel blessed for deciding to enter the Cryptocurrency market during April's low. It is still early though, remember, $7,000 is the minimum price for Ethereum in late 2025. $11,000 is also possible. Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
6
BTCUSD: Just hit the 1D MA50 and is rebounding.Bitcoin turned neutral on its 1D technical outlook (RSI = 51.000, MACD = 923.400, ADX = 25.014) as it hit its 1D MA50 for the first time since April 19th. That is a straight up buy signal, especially since the the current Channel Up with its 1D RSI HL structure, resembles September - December 2024. TP = 165,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
2
XRP Bullish, The Retrace is Over! Aim HighWhat we need to consider here is the size and duration of each move. The rise from 7-April through 12-May amounts to 64%. The retrace from 12-May to present week amounts to 24%. » So the retrace is more than a third part the size of the advance. The rise lasted 6 weeks. The retrace so far has 3 weeks. » So the retrace is half the length of the rise. Both these readings are super standard for a bull market. A retrace can easily end this week or early next week followed by 2-3 months of growth. Within this new wave of growth, there will be other retraces but a correction only comes at the end of the main wave. After the correction comes another advance and then a bear market. Ok. We have a higher low and the chart is pointing up. After three weeks of bearish action there is no sellers pressure, trading volume is really low. The bears have no steam, no force, no momentum; the bears are gone. Knowing this, we can aim high... The retrace is over! Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
1
Solana Bullish, Retrace Over! Aim For $620 or $1,020 In this 2025 Cryptocurrency bull market, you should be aiming for $620 or $1,020 for Solana, $420 is the minimum. How are you feeling today my dear friend? I hope you are having a wonderful day. Retraces and corrections, they can only last so long. Solana dropped from $188 to $141 and I believe this is enough, a 24% drop (-24%). As the retrace ends, the chart will produce a higher low and, as the higher low becomes confirmed, SOLUSDT starts a new wave of growth. $420 is the minimum target for this bullish wave and should hit first but, you should aim higher, much higher. Crypto is showing to be many times stronger than what most people think. Remember, the mistake we always make is not aiming too high but aiming too low. In each bull market, we tend to underestimate the market. Aim high, because we are going up. Retraces and corrections are an opportunity to buy-in, 2nd entries, rebuy and reload. Don't try to SHORT within a bull market, it is dangerous and not worth the risk. It is better to wait for support and go LONG. Always trade with the trend, specially if you are using leverage. Crypto is going up. Solana will now turn green. Thank you for reading. Namaste.
Long
by MasterAnanda
1
Aave Bearish, Be Aware (Do Not Buy Now, Sell or Wait)Aave grew almost 150% in 50 days. Now the market is entering a correction phase. Not a true correction only a retrace but it is almost the same. The rising wedge is a bearish pattern. It is coupled with very low volume. The action moved out of the rising wedge; bearish confirmed. There is a local lower high and this points to lower before the market turns bullish again. We keep it simple. We either wait or SHORT, but we do not buy here. » If you are a bull, you can wait for prices to move lower to buy again or you can sell. » If you are a bear, you can SHORT; this is an easy trade. The market will confirm my analysis in a matter of days. This is very easy of course. Thank you for reading. Stay (protect your money) safe. Namaste.
Short
by MasterAnanda
5
Solana Short-Term, Already Bearish After 97% UpWhat will happen in the long-term? Before we get there, let's focus on the short-term real quick because we want to know what is happening with the market now. The market offers endless opportunities. We need to take advantage of those, our edge. We have an edge and this edge is being able to read the chart. With this edge, we can time the market and increase our trading success. Solana grew by 97%. This is good. Of course, some pairs grew way more while others grew less. I did mentioned that when Bitcoin grows 50%, some Altcoins can grow 300%. This is exactly what happened, this is because of the size of the projects. Some pairs grew more but these were smaller pairs. Some pairs grew less but these were bigger. That's just the nature of things. This 97% bu-wave can be correlated to a 300-400% bullish-wave on other pairs. This means that after a growth wave comes a correction. SOLUSDT—two main interesting levels. Won't mention them as they are shown on the chart. Both are likely to hit but the first high is really high probability. This is easy. Wait for support before buying again. I say "again" because you are supposed to sell at resistance, we are assuming you sold at resistance and are ready to buy at support. Good? We are good. The market will continue to move down and up while long-term it produces sustained growth. We need to adapt fast and be smart, everything can change in a day. Keep an eye on the news, we might be in front of some major event. Political events can change everything and cannot be predicted. Thank you for reading. Namaste.
Short
by MasterAnanda
19
Ethereum Danger Zone —Protection, Correction or Continuation?Ethereum can be seen trading below EMA55 on the 4H timeframe. The biggest volume session happened 9-May and it was red. This tells us that there is correction potential after a very strong 101.1% bullish growth wave. There are mainly three levels to consider for the correction potential after ~100% growth. 0.382, 0.618 & 0.786 Fib. retracement levels. After the test of these levels, whichever one comes last, we can read the chart again and see if Ethereum will continue lower or produce a bullish wave. One thing is very certain though, after strong growth, there is always a correction/retrace. This is what you are seeing now in this chart. The start of the drop. Taking action is best. The market moves in waves and will never stop this pattern, it fluctuates. To trade, one buy lows near support; sells high when resistance hit. 100% growth is very strong for the second biggest Cryptocurrency project, the #1 Altcoin. After a strong bullish wave there is always a correction. After the correction there can be more correction but at some point the market turns. Each chart/pair needs to be considered individually on multiple timeframes to have a better understanding as to what will happen next. In a single day, based on the news, market conditions can always change. Stay alert! Namaste.
Short
by MasterAnanda
2
Will Solana Go Lower? Yes! Only To Recover HigherI've been asked: Will Solana continue lower? I think it is a fair question but it is also pretty hard right now to say based on the chart, there are just too many mixed signals. For example, if we take Solana in relation to Bitcoin, it is trading daily below EMA55 and MA200, while Bitcoin is trading daily above these levels. Bitcoin hit recently a new all-time high while Solana only produced a small recovery in May. When it comes to the chart signals, SOLUSDT produced a volume breakout on the bearish side and the support zone was completely challenged on a single candle. What's more, Solana will grow really strong later this year, so it would be normal to see as much bearish action as possible now because later we will have sustained long-term growth. It is a coin flip, but if you ask me, it can go a bit lower before moving up. It can go lower to end up producing a higher low. I will wait for clear reversal signals before going LONG. I closed all my LONGs a while back, when it became clear that the market was going into correction. Now we can just wait easily and patiently until the correction unravels, after the correction comes a new wave of growth. Down and up, down and up... The market continues to cycle. Never straight down, never straight up. It moves in waves. Namaste.
Short
by MasterAnanda
10