A "Double bottom" or "Adam and Eve" trend reversal pattern is most likely formed on the SOLUSDT chart So far, all the necessary conditions have been met: - the first peak is sharp, with spikes and high volumes - the second peak has a U-shaped shape with low volumes
In order to continue working out this pattern, the SOLUSD price requires: 1. Get a foothold at the top part of a global descending channel that has been going on for almost a year now 2. Break through and consolidate above $50 per SOL 3. On high volumes, break through the upper border of the global falling channel and reach the goal in the form of a strong mirror level in the area of $79-80 per SOLANA token _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Many thanks for sharing your perspective on the analysis of this asset. There are some doubts about the levels the price can reach, but in general I agree with you.
isk103lI03llt
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Ohh.. that old trendline tho
Yelli_trades
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I don't think it's bottom yet based on HTF structure. Thanks for your work!