Gotta ketchup honey bunny - $SCRT is about to go to box office.
No TA this time. The universal ECON 101 chart: Demand exceeding supply. As illustrated on the attached chart.
Context: Post-BTC hype, consolidating at new range. Algebra: March: 0.03 > 0.08 October: 0.06 > x
Context: Above 21 WMA, consolidating just below previous ATH. Algebra: 2017: $300 > $1400 2021: $4000 > x
If bull market continues, SOL is as cheap as it will come. If the bears appear, next meaningful bounce will be from 70$ zone
Good bounce off 21 DMA, looking healthy and not overextended on the RSI. Still cheap under ATH & in bull market mode in any case. A second large wave into NFTs and PoS anticipation should see a 5-figure ETH into EOY.
Long term positive, short term profit taking into alts likely. BBands extended. Needs a rest into 21 DMA before new ATH.
ETH/BTC ratio favourable for a swing into ETH with BBands at a rare low, RSI correcting down to oversold levels & likely speculation into alts from last week's BTC gains.
Solana & Ray blasting thru ATH this month. It's the AMM's time to shine.
RSI, MACD, Bollinger screaming exit. Price parabolic. Hype saturated. Holding SOL beyond this point is greed. Take profits & wait for pullback.
Second round of 2021 bull run firmly in & ETH is still cheap.
It will break. To the upside. Defi & NFTs forcing ETH.
Textbook set up of elliot waves on the log curve with targets beyond 200$ in the coming months. Solana looking absolutely gorgeous with fantastic adoption & fundamentals.
Solana brought the bull back to crypto. When 3 digits?
It's time stack sats. Bitcoin doubles every time this indicator flashes buy.
Can Bitcoin pull it off? Break the key trendline, make 21 WMA & we're back in business.
Key indicators signalling weakening bearish momentum. Potential upside risk > downside risk.