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Solana

Ending Diagonal

108
As with most corrective waves, they can take on complex shapes designed to frustrate traders and are never good areas to put on or take off positions due to their highly volatile nature. The overlapping feature of this decline leads me to believe this was an ending diagonal (Not a triangle). If in fact it was, THEN PRICE SHOULD RETURN TO WHERE THE ED STARTED PRETTY QUICKLY...Which was $109.

I'll update tonight.

Best to all,

Chris
maikisch
Chart PatternsSOLsolanaSOLUSDsolusdtTrend AnalysisWave Analysis

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Chart PatternsSOLsolanaSOLUSDsolusdtTrend AnalysisWave Analysis
maikisch

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.