Here is my forecast for both bullish and bearish scenarios. Please inform me which one is likely to unfold. At the moment, there are no trading opportunities unless we experience a breakout from the dynamic trend within the smaller time frame, so waiting patiently.
Anticipate additional false movements both upward and downward prior to reaching the 50% level of the vector candle. Planning to initiate a long position if we discover substantial support at that point. Otherwise, prepared to adopt a bearish stance and engage in shorting BTC extensively.
I don't think we break down so here your bull scene.
Total 3 forming a nice little rounded bottom and usdt and dxy topping out.
I have observed that the trend line has been touched 8 times. It is likely that the price will continue to face downward pressure, but breaking through the trend will be difficult. Moreover, the anchored VWAP also aligns with this trend, adding to the potential resistance at 28650 level.
What are the chances Solana goes to 1905 on this bull run?
Due for a healthy pull back just like the last one if bottom is in. If price continues to shoot up I'd think that price will eventually retest the lows or even break 15k so If you a bear go long! If we have a pull back from here, I'd go all in at 24.5 -25k Bull go short!
The chart explains it all. Would be nice if we blow past that channel to the moon. We'll see.
If price goes up it may meet with the trend line resistance from the all time high at 29614 which is where I will go short if it respects the level. If price goes down to the vertical ray, Price stops at 25745 and also lines up with the 0.618 fib level and vertical on April 23rd. Would be lovely if it all played out like clock work, but who knows. I will ...
With BTC taking all the liquidity where will price go next?
Here is my take on where BTC will go short and long term.
Luna lost the support of the descending triangle and it could be headed to much lower prices. Here is my bullish / bearish scenarios.
Looks like BTC is catching a bounce off an important trend support it broke out of. If it plays out the bulls may get that higher high after all. Bearish version points down to around 11k