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.
Linked idea is catastrophe planning for a bear market.
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OOops, went so quickly I didn't remove the indicators. Here is a cleaner chart.
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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.Comment
Looks like any chance of overperformance to the downside has vanished.
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
~Nathan Explosion
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