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The daily action of prices in the ground / BTC pair begins to paint an image clearly different from that which dominated the first quarter, according to a table shared on Sunday by the veteran Josh Olszewicz.
The graphic of a day expose A basic head and reverse model of the manual (IHS) that has been formed since the beginning of March and which is now approaching the neckline around 0.00162 BTC. At the time of screenshot, Sol was cited at 0.001588 BTC. Bitcoin changes hands nearly $ 94,765, this is Solana at around $ 150 per room.
The anatomy of the pattern is difficult to miss: a bottom of March 19 at 0.00127 BTC ($ 120) forms the head, flanked by Swing bottoms higher on March 11 left shoulder). The left shoulders are currently being formed. The horizontal neckline aligns on the end of December which broke down in February, converting the robust support for just as robust resistance. Measured from head to neck, the amplitude is approximately 0.00033 BTC; A clean break would imply a technical objective almost 0.00195 BTC – convincing the lower limit of the distant edge of the Kumo cloud.
The Solana bulls have a target
The graph is superimposed with an Ichimoku long look configuration (20/60/120/30). At the last closure, Tenkan-Sen was seated at 0.00150 BTC, the Kijun-Sen exactly on the neckline at 0.00162 BTC, and Senkou Span a 0.001742 BTC while SPAN B maintained 0.002159 BTC. The cloud itself remains lower – thick, red and above – but the differential of the range begins to compress, signaling the decline Down momentum. A decisive thrust in the Kumo would trigger the classic Ichimoku on -board trade, targeting duration B at around 0.00216 BTC (around $ 205).
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The bullish configuration only occurs two months after the market finished the mirror image on the same reason. From mid-December to the beginning of February, Sol / BTC dug a prominent head and shoulders, lost the neckline in early February and was cascade directly at the IH in Mars. This downward symmetry gives an additional weight to the current formation by demonstrating how the pair respected classical geometry during the last half.
“1D Sol / BTC – IHS + E2E at one point, but no time, probably at the end of May,” wrote Olszewicz on X. The analyst’s prudence reflects the fact that the price is always under the neckline and the Kijun -Sen, and the Kumo was spawning only materially before the last week of May. A premature rupture attempt risks rejection in a new restful remedy for the final right shoulder almost 0.00151 BTC ($ 143), where Tenkan-Sen also resides.
In particular, the Span Chikou (lag line) remains below the price and the cloud, stressing that the trend confirmation is pending; Ichimoku purists and patterned traders could therefore agree that 0.00162 BTC is the Solana line Bulls must return decisively.
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If the lens on board is achieved, Sol would add around 26% against Bitcoin from current levels and recover the land seen in early February for the last time. If the neckline rejects again, downward protection is slim until the twin shoulders at 0.00145–0.00148 BTC; A rupture of this shelf would invalidate the upward thesis and would reopen the hollow of Mars.
For the moment, the market is content to wrap under the resistance while the clock goes towards the inflection of the cloud. The question of whether the end to the end of Olszewicz May turns out that the premonitory will depend Bitcoin’s own trajectory And the wider risk environment, but the price structure on the Solana / Bitcoin table is clear: after a winter of bruising, the Bulls finally have a model that deserves to be defended.
At the time of the press, Sol exchanged $ 149.
Star image created with dall.e, tradingView.com graphic