Markets toppling. Looks like the trend has finally shifted in favour of a corrective period. Will be looking to build a macro long position once we hit some sold retracement levels. Should coincide with FED pivot later in the year.
LONG Solana idea into 100$ based of reclaiming $52 the full set up will be in play.
- Bears looking exhausted. - Wykcoff-ian type range forming on a HTF trend line + above S/R flip support not far below. (8400) - Looks like potential front run of the S/R Level - Bearish news - india ban (FUD) + Binance down for maintaince (Insider Accumulation). CoronaVirus still potential blackswan to consider at all times. Will look at add to position if we...
Ethereum looks to be retesting a key level at around $230, coincidently this is the neckline of a macro inverse head and shoulders. BTC pair also looking particularly strong and dominance looks like it will continue to be strong as the altcoin markets slowly wakes up. Fundamentally, Ethereum is transitioning to a Proof of Stake (PoS) protocol over the course of...