SOL Analysis - 28.08.2024

Superordinate View:

There's a big Buyside Liquidity Pool left from 2021 which will be targeted sooner or later

In the Daily chart there's a Butterfly 113 together with a Wolf which has already been triggered. The Butterfly 113 has reached it's Target 2, so a return to the 0.13 Fib possible. This would lead us to our next the next scenario and smaller timeframe.

There's a FVG which would fit the numbers of a Shark, but it's too soon to tell where price could turn. There's more patterns & formations that could form at this point. 

Also another dip below the SSL outlined in the picture above would be a possibility.  

Long term I expect the BSL to be taken after we've left the consolidation. Let's keep observing the BTC chart and see where he leads the crypto market.