Analyzing SOUL from USDT can look chaotic Its price swings a mystery to retail A switch to BTC chart shows more uniform activity and healthy growth
RFOX cup and handle has extended to form an Adam Eve pattern. This can retest in two ways, but will both end up at the same target. Measured move equates to 30% rise from brim
Watching for KDA triangle breakout in the next few days. Just thinking out loud Green target would be a hype rally but Rollover to Red and Bounce to orange is the likely outcome
SOUL had a Nice break out of Downtrend and Channel A 4H Golden Cross is possible is Bitcoin remains in an uptick Metrics can trigger bots, but not a guarantee. SOUL is strongly effected by BTC Moves, correlate entry with BTC.
The following is PURE Speculation and opinion: The massive rise in crypto is due to unprecedented historical times which skew normal rules. So I am leaning more toward psychology. The Initial SCARE, and Lockdown caused above average digital users and attention. The Injection of unprecedented Trillions into the economy caused mass distortion. Couple this with...
Soul in a 11% channel One Order of Magnitude higher than Initial organic growth channel. Volume also back to Beginning. Running out of room... Good tokenomics and potential for future upside. Need the volume to show up to break negative momentum. Else could drop into lower channel I am just trading the channel waiting for break (up/down??) What do you think?
In this volatile world, a little hopium never hurts: Crypto's TMC Jan 24th bottom + Feb 24th Bottom = Double bottom @ 1.5T = A Macro Reversal Possible if Downtrend resistance can break and hold. Else, more downside.