Solana - Higher lows + Higher Highs | KEY TRENDS
2024-10-17

The key trend we want to see in a bullish market is  higher highs . The first sign of a reversal in the macro, is  higher lows .

As Bitcoin increases, many alts are starting to touch the next immediate resistance zone - but at this point, we still need to se  a breakout ABOVE this zone  in order to invalidate the lower highs, and form a  reversal to higher highs .

We observe a similar scenario on ETH:


Many would say the increase in BTC is largely due to the upcoming US elections - but the old timers know, it's just another day in crypto and we don't need a reason😉 The alts will largely follow Bitcoin. Here's my take on BTC right now:


_________________________
  BINANCE:SOLUSDT  