When we look at Solana (SOLUSD), we have basically the same chart as with Ethereum (ETHUSD)... Let me show you.
This is ETHUSD
The only difference is that ETH is a bit behind.
This is SOLUSD daily:
We can know where Ethereum is going based on where Solana is at.
We can know what Bitcoin will do based on what Ethereum is doing... Looking at Bitcoin it isn't quite as clear but the major Altcoins are giving out some bearish signals already.
The weekly chart isn't any better for SOLUSD:
We have a rejection at EMA50 and a full bearish candle this week.
Even if next week starts green, the charts are telling us now that these pairs are ready to bleed.
More to come. Make sure to FOLLOW and LIKE for more Altcoins.