Going into the new week, the weekly MACD is breaking down again and RSI looks like it needs to go lower still into oversold. We've been in a nasty bear market for a few months now even if people don't admit (long-term still bullish but testing supports) Here are volume profiles showing demand zones at 2600 which we are now falling from and the next zone is down...
Support then resistance at 300 fell and 2800 doesn't look like its going to hold. I expect a big bounce at 2600 to 2800-3000. Then in early may we get another fed rate announcement. So it could be a roller coaster either way from there.
First published idea so give me any feedback/critique I have my eyes on a lot of alts right now and SOL is the only major one sitting with a flipped ribbon. It was the first one to get set on fire this summer and with AVAX and LUNA making moves now I feel the bears are going to take advantage of this opportunity with Sol. I believe Solana is overall bullish...