Following up on the SOL idea from a few weeks ago, which played out as we expected:
Idea:
Today's chart:
Let's see if history repeatsand solana pumps like it did back in February-March when it went from a $77.607 bottom to a 143.566 top.
The structure is similar and would coincide with a local top for the dxy. Until the
dollar cools off and shows prolonged weakness, I am seeing every bounce (denominated in USD) as trap for overeager bulls. The dollar strength is dictating the market direction and that is not going to change while the 
euro, 
yen and every other emerging market currency rolls over.
Idea:
Today's chart:
Let's see if history repeatsand solana pumps like it did back in February-March when it went from a $77.607 bottom to a 143.566 top.
The structure is similar and would coincide with a local top for the dxy. Until the
dollar cools off and shows prolonged weakness, I am seeing every bounce (denominated in USD) as trap for overeager bulls. The dollar strength is dictating the market direction and that is not going to change while the euro, yen and every other emerging market currency rolls over. 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.