After my bullish analysis, I also have to mention this bearish one. The fibonacci rejection here is staring us in the face and the recent failure for solana to defend major support, this looks like someone big exit pumped so they can exit and short the new top and they arent going to catch the nail... This could be the end of crypto. This looks absolutely grim, because I know many will lose their money if this happens. Better to have a hedge from around this location and look to long on supports but never close the hedge so you are safe.
Monthly chart on solana shows a bearish doji, and the dollar shows a very bullish monthly chart to 111$ and perhaps more after that.
We will see what happens , but the next week or so should be interesting indeed.
TLDR: The big pump we just had in crypto could have just been an orchestrated pump and dump to attract new buyers on the way to 0.
Monthly chart on solana shows a bearish doji, and the dollar shows a very bullish monthly chart to 111$ and perhaps more after that.
We will see what happens , but the next week or so should be interesting indeed.
TLDR: The big pump we just had in crypto could have just been an orchestrated pump and dump to attract new buyers on the way to 0.
