#SOL/ USDT The price broke above a descending channel and retreated to it as support, on the retreat it reached 0.5 fibo and very close to 0.618.
We expect that after breaking the blue downtrend line highlighted with a circle, it will be able to move upwards and touch the higher targets like 220$ - 250$ - 300$ a 400$ for the long term.
⚠️ Be smart and make your drawings!
Don't stay with an asset without making the graphic drawings!
🚨 If#BTCfalls below 92k and 90k#SOLcould return to the channel, but that's if Bitcoin dominance rises in a scenario where it falls.
😇 But don't worry, any drop will be your last opportunity to buy cheap for the big jump in late January and into February.
If the monthly candle closes above 96500 at 97k, the result will be bullish 🚀
Watch the 4h because the downtrend line is an excellent reference for 97k. Accept that 97k is very important, if it breaks upwards it is bullish, if it is rejected at 97k before the monthly close then the threat of correction prevails.
Where are your drawings? Are you 🫵 drawing? Or are you 🫵 going to be at the mercy of luck?
AXS is having difficulty passing 7.00$ resistance level.
We can only talk about a rise when AXS passes 7.00$ and gains support above $7.00.
The idea here is to maintain Hold and stake it to maximize profits.
My students and I stake it in the Ronin wallet, which pays 31% per year. Binance also pays a percentage of EARN in a 120D block. Do your own analysis and decide where to put your asset to yield, so choose where it pays the most.
The target for AXS is first 13.00$ and then 18.00 and 20.00 dollars, when it passes 20.00 we go to 41.00 and 75.00 dollars until month 7 of 2025 approximately.
Bitcoin is currently trading above a horizontal support zone, with the MA50 providing strong support below the price action.
A bounce off this level could signal bullish momentum, ⚠️ however, a breakdown below the horizontal support could lead to a correction as we have already discussed.
92k is crucial support and losing it throws it to 90k and can generate panic and imbalance, since yesterday we have been moving sideways on the 15m and the market is indecisive, defending at the horizontal support so far.
We have a bullish pennant at 1h within a descending wedge, the upward break of the purple trend line will take us higher, this is because to fulfill FIBO retracement at points 7.83 to 8.44 key points 🔑
If there is rejection at the purple downtrend line, unfortunately we will test the lower red base support line that comes from the past near 4.75 to 4.80, this would be motivated by a certain dump or test at Bitcoin's 90k.
Stay tuned because the AXIES INFINITY game in all its branches is experiencing great improvements and the consumption of#axsand#slphas grown immensely, it is already starting to become very clear in the asset accumulation scenario.
Yesterday's daily closing was not satisfactory, already at 4h notice that there was no strength to rise above the uptrend line, we stayed below it, so as long as it stays below the trend line the chances of going to 90k to maybe 87k are good.
The correction to 90k will only be canceled if it passes the red uptrend line.
As we have already discussed, January can be a month to test patience, but after January the chances of returning to the parabolic high are huge!
😜 Don't be discouraged, 120k, 180k to 200k will come in 2025 and you can be sure of that!
The graphical figure of an ascending wedge on the 4-hour chart period in Bitcoin dominance is already becoming clear.
Note carefully that at the top of the Wedge there was a record of (shooting star) on both the 1-hour and 4-hour charts. Of course, this implies that there may be a correction in#Bitcoindominance and the market has already tested this thesis so far, converting the current candle into a shooting star.
Now the chances of correction are at 60% thanks to the shooting star + the ascending wedge and the RSI divergence, remembering that we are also at resistance.
If dominance starts to correct, Alts will recover.
Looking at the general context, we have an ascending wedge in Bitcoin, there was a rejection at its top of the blue uptrend line, watch.
If for any reason Bitcoin fails to surpass ➡️ 104k, this will represent a weak market and the chances of it falling to 94k or maybe 90k are very considerable.
Be careful because at this moment the market is afraid and apprehensive, as the fall that occurred yesterday shocked many people.
Of course, it is obvious that several large financial institutions are buying Bitcoin in its falls, keeping secret while they do so, they will only say that they bought 3 days after the asset rises. LOL
If the daily chart closes with a hammer, it will be highly interesting for the bulls because they gain territory and we are talking about a rise again!
The 1 hour closed positive!
BUYS 🛒 between 0.36100 to 0.34000
🚨 STOP 0.3200
Targets from 0.3700 to 0.4000 and if everything goes well, we can see 1 dollar in the long term or more.
☠ Do not use more than 1% of your bankroll if you are going to do futures operations.
Bitcoin has touched the green uptrend line 💚 and is holding it as support. If it holds it, we will go up. Note that on the 4h, the point is very important and interesting because we have the support of the MA128 as a base, as well as the black horizontal support line, which is also a base.
So here we have 3 reasons for support. Draw your drawings and see that we are above an ascending triangle that now serves as support and the chances of going to 105k to 110k are good if it holds the support.