SOLUSD SOLANA DUMP INCOMING
Why?
- USD Strength
- Weekly uptrend line broken
- Leaving Mod-Schiff Fork
- Weekly MACD Bearish Cross
- Weekly DMI Bearish Cross (Pending)
Don't let the log-scale chart fool you.
We're looking at a return to $8 (December '22 low), or an even larger decline to $5 (the Aug '20 high)
That's a 50% - 70% drop from current levels.
Short it.
Fat_Fat
Note
Weekly MACD Bearish Cross
Note
Weekly Ichimoku Cloud is looking bearish Note
50-70% percentage decline Note
Note
Note
There are rumors circulating about a potential liquidation of FTX SOL holdings....Note
Approximately $128 Million USD value in Solana currently owned by FTX.
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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.