Just looked into Solana and can’t help but notice a triangle formation. The recent crypto rout dislodged it out the bottom of the triangle, and it appears to have popped back in. Noted that typical failures of pattern failures indicates the direct opposite; for this case, exit and Dee try into the triangle at the bottom suggests that it should find the exit of the opposing side (a break out).
MACD is supportive of a recovery post-reen try into the triangle; and this comes in the form of a bullish divergence observation. What needs to happen is no further breakdown (and instead recovery) for the next 14 hours to the close of the weekly candle.
MACD is supportive of a recovery post-reen try into the triangle; and this comes in the form of a bullish divergence observation. What needs to happen is no further breakdown (and instead recovery) for the next 14 hours to the close of the weekly candle.
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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.