August and September are coming up which have historically been very slow. Bitcoin generally doesn't see much price action either way as liquidity and volumes are down during Summer.
October & November is when the fun starts again and is also when major market tops & bottoms are usually set.
Of course these are just averages but seasonality is a real thing in especially TradFi markets.
XRP is now down 6% again from the same zone, never tapped the neckline area.
What we want to see for a downside continuation is couple of daily candle closes under $1.09 which will be a good area for this chart to start panicking towards $1.00 area support and the reaction around that would be interesting.
The way this chart climbed, and got rejection, sure has a lot of trapped spot and longers around $1.11 area, the moment the chart visits the low below the last low, where the liquidity sits, the panic should enter.
RE is showing signs of weakness after failing to sustain momentum above key resistance, with sellers gradually regaining control. Structure favors a short-term rejection as bearish pressure continues to build.
A sustained hold below resistance can trigger further downside continuation toward the listed scalp targets.
$SOL Solana has now reached the low of the range - previously Pure OB area, which was discussed in the last update for this chart.
Last time I posted about this, I discussed that there's a new range being formed on the LTF and that is the PURE OB at $73.67 being bought and VAH and $78.61 is being sold.
That is what has happened, and is now expected to break below that range as the candles are too dominating to hold this POC + PURE OB confluence at $73.67.
So, if we see daily candle closes below $73.67, we should see the white line should playout as mentioned. If SOL diverges from that, I will update.