Renowned technical analyst John Bollinger has identified patterns in Ether and Solana charts that could suggest a big move ahead, especially if something similar happens with Bitcoin.
John Bollinger has identified “potential ‘W’ bottoms” in Bollinger Bands, a volatility indicator that he invented, on Ether (ETH) and Solana (SOL) charts, but the pattern has yet to form on the Bitcoin (BTC) chart, he said.
“Gonna be time to pay attention soon, I think.”
ETH and SOL appear to be setting up double bottoms while Bitcoin is still forming its base. A ‘W’ bottom in Bollinger Bands is a bullish reversal signal that indicates potential upward price movement.
Ether has fallen to $3,700 twice this month and appears to be recovering, while Solana mirrored the move with a double dip to…more
Source cointelegraph.com
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