🔥 SOLANA Following EXACT Bitcoin Fractal: Pump Ahead?
When looking at the SOL chart of the last couple of months, I realized that I've seen this pattern somewhere before.
The SOLANA chart follows an almost identical pattern / fractal of the last stage BTC bear-market of the previous cycle.
Most noteworthy takeaways are the lower-lows at points 1/3/4 and the rejection of the dotted resistance at points 5 and 7.
If SOL were to follow this exact pattern it would mean that we have some time of sideways price action ahead of us. Eventually, this sideways price action will lead to a more bullish trend with an eventual huge bullish break out at the end.
In 2019, this big bullish break out led to a move from $4,000 to $14,000. For SOL, I'm looking at a $30 target over the next couple of months.
I'm aware that the fractal is not an exact copy of the Bitcoin market back then, but I still see a lot of similarities. This fractal will be invalidated if SOL moves below the dotted yellow support, which is the bear-market low at point 4.
The SOLANA chart follows an almost identical pattern / fractal of the last stage BTC bear-market of the previous cycle.
Most noteworthy takeaways are the lower-lows at points 1/3/4 and the rejection of the dotted resistance at points 5 and 7.
If SOL were to follow this exact pattern it would mean that we have some time of sideways price action ahead of us. Eventually, this sideways price action will lead to a more bullish trend with an eventual huge bullish break out at the end.
In 2019, this big bullish break out led to a move from $4,000 to $14,000. For SOL, I'm looking at a $30 target over the next couple of months.
I'm aware that the fractal is not an exact copy of the Bitcoin market back then, but I still see a lot of similarities. This fractal will be invalidated if SOL moves below the dotted yellow support, which is the bear-market low at point 4.
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