I find it hard to wrap around my head when majority are saying $160,000 is the cycle top of this current cycle which also correlated to Bitcoin regression band. On the other hand top analysis said we are entering to a new super cycle which BTC will be above $280,000
My approach on the analysis :
Discarding the indicators such as the basic MACD RSI MA and...
On the weekly chart sequential count LUNA has a 5 consecutive week of count. If history is any indication look at NOV 2020 to Jan 2021 when LUNA had a 9 complete sequential count cycle.
Disclaimer : not a financial advise
Luna has not have a bullish sequential count since April until July a total of 129 days without bullish sequential count.
Today we have a pink bar on the count as this signifies an extremely strong momentum is coming. A moon rising
I am bullish
BTC is on track as of July held well at major support.
Aug we should expect BTC trending in the blue box therefor creating large inverse Head and Shoulder Pattern
Max cycle top would be approx around $140,000-$160,000 ; on the safe side $114,000 will be a good TP target
Solana has been on a parabolic run for few consecutives week. it is at a make it or break it point as each support resistant touched 4th time. highly doubt it will withstand the 5th touch. keeping the technical simple on each targeting zone. plain simple is the key