Looking at SOL vs BTC, we can see that price has broken down as expected (see linked ideas) and is currently looking for support. My initial thought is that it would likely test the 200 EMA, but price appears to be finding some support at these levels. If it can hold here, I would consider it very bullish and would expect a break above the smaller resistance line.
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These are my personal views and not financial advice. Please do your own research before investing.
I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly.
If you appreciated this analysis, consider Liking or Following. Thanks!
