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Solana
Short

$SOL Short-Term Pain Ahead

196
SOL price broke to the downside of the 50D SMA
Bearish Crossing from the 20D MA ahead.

Needs to hold critical support at $190 / .786 Fib

Another bearish day could dump SOL to $175 / .618 , and if that doesn’t hold the move should finish at $165 / 50% level.

RSI shows more downside for confluence.
jonnieking
Also on:
Bearish PatternsFibonacciMoving AveragesmovingaveragecrossoverSOLsolanaTrend Lines

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.
Bearish PatternsFibonacciMoving AveragesmovingaveragecrossoverSOLsolanaTrend Lines
jonnieking
Also on:

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.