Solana broke out with strength against Ethereum this week and the chart is bullish. I will sell for a loss if it breaks below the trend line; tight stop because it's not clear if crypto is ready for the real bull run yet.
I think Solana can double to Ethereum's 50% rise during that same time. I hold a core position in each and will trade this pair just to see if my charting and trade skills have progressed.
I think Solana can double to Ethereum's 50% rise during that same time. I hold a core position in each and will trade this pair just to see if my charting and trade skills have progressed.
Comment:
Channel broke; I immediately sold out once the channel was breached and am back in Ethereum - which is going to be one of the stronger core positions as we go into the merge. I think Solana will break down here, at least against Ethereum. I believe Ethereum is due for a 20% run, but it might be a slow and steady rise from here.