Solana Rhoades/USD 4h chart
After leaving descending channel without a significant price reaction, we're now trapped in a symmetrical triangle formed directly on the support line - I can smell indecision of a market.
Generally, we can say that we're now in a bit more neutral territory in comparison to the past days of September. And it looks like altcoins are waiting for a big move from Bitcoin since all volumes are descending, which normally leads to massive price volatility.
If we do some TA targets for a symmetrical triangle:
Upward direction - 170$,
Downward - 105$.
Expect breakout no later than on 3rd October.
After leaving descending channel without a significant price reaction, we're now trapped in a symmetrical triangle formed directly on the support line - I can smell indecision of a market.
Generally, we can say that we're now in a bit more neutral territory in comparison to the past days of September. And it looks like altcoins are waiting for a big move from Bitcoin since all volumes are descending, which normally leads to massive price volatility.
If we do some TA targets for a symmetrical triangle:
Upward direction - 170$,
Downward - 105$.
Expect breakout no later than on 3rd October.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.