We finally found a good sign for reversal for Solana as we can see a change of character in its price action. Meanwhile, any range below the ChoCh is a good entry. But if you're trading for the short term, we have to look at the possible signs of reversal in the 5-15 min timeframe in the current area. We can also do an entry in the order block if we can't see any...
Luna made a change of character in the four hour and daily timeframe, leading to a more bearish perspective. Furthermore, Luna has a chance to possibly form a head and shoulders pattern in the daily TF.
By the way, I'm still a novice when it comes to trading. So please let me know if I made some errors. Thanks!
So right now I'm trying to monitor this chart for BTC, which is telling me that there was an initial breakout incoming from decending triangle in a larger timeframe. However, I also noticing a rising wedge indicating that it could be bearish as well. Which one would it be? How would I identify if it's going to continue to the upside or downside?
