Short

QuickPost: Solana appears to have a descending triangle

Updated

Solana appears to have slipped key support with the failure of this rising trendline of support with a descending triangle structure. Given the stage of the market I hope for some overperformance but the fib retracement levels are where the technical non-greedy places to take profit are.

Linked idea is catastrophe planning for a bear market.

Note

OOops, went so quickly I didn't remove the indicators.
Here is a cleaner chart.

Note

Price action has fallen to the 1.618 level and now appears to be chopping sideways between the 1.272 and 1.618 level while buyers and sellers act.

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Looks like any chance of overperformance to the downside has vanished.

This_Guhy

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion

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Crypto Catastrophe Planning (Sol, Luna and ADA/Cardano)

by This_Guhy

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