Solana worth falls under the day by day Ichimoku Cloud with the Chikou Span under the candlesticks and in open house – prime positioning for a begin to a bear market. Nevertheless, the true extent of how bearish Solana’s future worth conduct might be is represented finest on a Level and Determine chart. Upside potential exists however is dangerous and restricted.
SafeMoon worth, one of the excellent performers of 2021, is now one of many greatest pump and dump examples of 2021. After rising practically 600% between September twenty ninth and October twenty ninth, SafeMoon crashed greater than 88% to create a brand new all-time low on December 4th. SafeMoon worth has a implausible commerce setup on its day by day chart.
Axie Infinity worth has actually not been resistant to the large promoting strain throughout and after final Saturday’s flash crash. Whereas some sub-sectors of the crypto market could recuperate, Axie Infinity and different metaverse cryptos have additional to fall. Skinny Quantity Profile suggests an acceleration of promoting strain could happen.