Bitcoin has shown strong bullish movement in recent days, but due to the rise in BTC Dominance, alts did not show upward movement as swift as BTC since most of the money was flowing into BTC strengthening its position and indicating new upcoming bullish market movement.
In upcoming days, BTC Dominance is expected to retrace a little bit and money will start flowing into Large Cap coin followed by smaller caps. One of the top M. Cap coins is Solana which has been forming a Symmetrical Triangle since its 850%+ bullish move in recent Bull market pushing the coin to the top of 216$.
We are in the last triangular wave (E) in Solana and bullish breakout is to be expected according to current market. This bullish breakout from its Weekly Symmetrical Triangle will act as the push required to break the 2.618 Macro Fib level for good this time. I am expecting SOL to go up to 3.618 Fib level followed by the breakout in upcoming Alts season.
Although Bullish Breakout with good volume is still required for confirmation.
In upcoming days, BTC Dominance is expected to retrace a little bit and money will start flowing into Large Cap coin followed by smaller caps. One of the top M. Cap coins is Solana which has been forming a Symmetrical Triangle since its 850%+ bullish move in recent Bull market pushing the coin to the top of 216$.
We are in the last triangular wave (E) in Solana and bullish breakout is to be expected according to current market. This bullish breakout from its Weekly Symmetrical Triangle will act as the push required to break the 2.618 Macro Fib level for good this time. I am expecting SOL to go up to 3.618 Fib level followed by the breakout in upcoming Alts season.
Although Bullish Breakout with good volume is still required for confirmation.
Trade closed: target reached