Decrypted_Defi

Decrypted_Defi

This write up is about CRYPTO:SOLUSD . For the diagram we have market structure and some nice price action going on. Currently, it looks like CRYPTO:SOLUSD is looking to consolidate its price action to continue its bullish action to soon break through the overhead resistance outlined with the purple box. Price has dipped into the liquidity at least once,...

Decrypted_Defi

Currently we are experiencing bearish activity perhaps till December. I expect a subtle consolidation of accumulation near the trend line of the channel before making its move to the upside. I do think once it has gone past the fib levels of 0.618 and 0.65, price will retrace back to the zone before creating a bullish takeoff. SET:SONIC is coming out soon....