Decrypted_Defi
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Decrypted_Defi
This write up is about SOLUSD .For the diagram we have market structure and some nice price action going on.Currently, it looks like SOLUSD is looking to consolidate its price action to continue its bullish action to soon break through the overhead resistance outlined with the purple box. Price has dipped into the liquidity at least once, and bulls are taking over.Once price breaks out of the overhead supply zone, I do believe price will bounce off of the channel to retest the overhead resistance only to find the resistance will turn into support. At that point, price should have nice stable base to break out of the channel formed from the most recent Highs of SOLUSD .Maybe all this stalls and take a bit if it gets rejected from the overhead resistance, however, I am loaded up and ready to reach Solana-sphere. If you found this write up useful, please like and follow so my write ups can help more people. Thank you.
Decrypted_Defi
This write up is about SOLUSD . For the diagram we have market structure and some nice price action going on.Currently, it looks like SOLUSD is looking to consolidate its price action to continue its bullish action to soon break through the overhead resistance outlined with the purple box. Price has dipped into the liquidity at least once, and bulls are taking over. Once price breaks out of the overhead supply zone, I do believe price will bounce off of the channel to retest the overhead resistance only to find the resistance will turn into support. At that point, price should have nice stable base to break out of the channel formed from the most recent Highs of CRYPTO:SOLUSD. I am loaded up and ready to reach Solana-sphere. If you found this write up useful, please like and follow so my write ups can help more people. Thank you.
Decrypted_Defi
Currently we are experiencing bearish activity perhaps till December.I expect a subtle consolidation of accumulation near the trend line of the channel before making its move to the upside. I do think once it has gone past the fib levels of 0.618 and 0.65, price will retrace back to the zone before creating a bullish takeoff.SONIC is coming out soon. Marketing is there, and the chain is being used. More influencers are shilling FFTM currently. Once the BTC dominance stops making all the alts bleed, I do believe it will give the alts the chance to start seeing their highs as profits rotate in crypto.
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