As impressed as I was about Crypto and especially Solana not making new lows while the US Markets were; I'm equally unimpressed that Solana has not rallied more in the wake of the US Markets having a banner day yesterday and overnight. Key levels are still $35.50 on the upside and $30.00 on the downside.
Additionally, I have been writing about when Crypto will catch up to other risk assets. I am hoping that happens today but by weeks end for sure. If the US Markets are topping in a wave iv, then Crypto as a whole should be finding their top within our micro count lower.
Hopefully today we get something conclusive. I stand by my original assessment that this lower consolidation pattern does not look bullish. Lets see what today brings.
Best to all,
Chris
Additionally, I have been writing about when Crypto will catch up to other risk assets. I am hoping that happens today but by weeks end for sure. If the US Markets are topping in a wave iv, then Crypto as a whole should be finding their top within our micro count lower.
Hopefully today we get something conclusive. I stand by my original assessment that this lower consolidation pattern does not look bullish. Lets see what today brings.
Best to all,
Chris
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