#BTC Currently BTC is trading around 94 K and 93 K
As per Daily Chart, a bearish Cypher pattern is forming. Potential Reversal Zone (PRZ) is between 95K and 97K.
if the price is respected by the above pattern and retrace to the 50% fib ratio around 85 K, Bullish 5 drive pattern will be formed.
1 Day Doji candle is forming at the top of swing and RSI divergence. Weaken buying pressure.
Ichimoku cloud twisted to bullish, but the price and lines are far away. Tend to retrace equilibrium point senkou Span B 85K, will be bounced back to bullish again. Wait for further analysis
Expected retracement around 85K and 86K , then Bullish wave may be expected.
I agree with you bro. As per Elliott wave. it looks like abc correction stage. if the price does not retest 157 level . wait for 147 for break out. good luck guys I'm bearish now
CRYPTO LIFE MNE
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🚨$SOL : Next Move Analysis and Potential Trade Plan‼️
$SOL faced rejection at $157 and is now back at a support level where it previously bounced 🚀.
👀 It looks like a Head & Shoulders pattern is forming, which is a bearish signal 🩸.
The left shoulder and head are complete. Expecting a short-term bounce to form the right shoulder 🚀. If the pattern completes and breaks below the neckline at $147 with candle closing, Then we could see lower support levels.
Targets 🎯:
* $142 - $141
* If we break below $140, then $137 to $135
⚠️ If the right shoulder breaks above the head at $157, the Head & Shoulders pattern is invalidated, and we could go higher 🚀 So Must Wait For Breakdown Below Necline At $147 !
That's What I See About $SOL What's Your Thoughts or You Agree With Me ❓