SOL: trend broken, now what?

Many alts showing the same pattern here, but we'll use SOL as an example.

If we take the accumulation range out of which the last impulse started and draw a range to recent highs, you get a pretty clean range, midrange and quarter ranges.

If we can reclaim midrange, we probably fill some volume between 140 and 170, which is the most likely scenario imo.

If we fail to reclaim midrange, or end up reclaiming and losing it again, we're looking at a much larger re-accumulation between 100 and 140. Taking out some key lows between 80 and 100 is not out of the question, in that case.

The market showed a bit its hand last weekend, with BTC holding range while ALTS dropped 50-60%. It seems possible that it will take some time to rebalance this and a bounce on ALTS will be for selling.

In this case we would be entering another BTC season soon, while ALTS bleed into htf high volume zones.

Probably this won't be a very popular idea, but it's one to keep in mind while we navigate the next few months.