on the weekly we have a huge edge to edge cloud trading setting up as well as a super bullish C-clamp forming, this is just a beautiful bottom signal. These things take time to form so you can see the intention of smart money.
Cloud is crossing positive on next Daily candle and as long as we close green it should initiate the cross. This is the strongest signal the cloud produces (a bullish cross while price is above the cloud)
we could break up and continue to move higher but i would assume IMO that we will continue accumulation for a while as big players begin building based for the upcoming bull market.
The RSI is holding above its ema, Watch for break below the RSI's EMA
Still further downside IMO, Structure and bid side liquidity is very week, still need a further wipe out , Ethereum is down approx 75 percent, we still need minimum of 83 percent to line up with past cycles plus there are still plenty of maker DAO vaults to stsrt liquidating around 750 price mark which could start a huge cascade.
Looking at AVAX/USD it has the same signature as SOL/USD Leving Bullish Divergence on the higher time frames, LOW LEVERAGE is key because the value of the cryptos themselves go up as well as the profit. Shakeout will be violent at this stage if we decide to move hire. Good Luck
Bitcoin offers a great risk reward here , The pattern has set up using the bottom of the downward channel as support turned resistance along with confluence of the cipher completion zone down at the .886 Fib rentrancement.