Red54

Red54

Based on a trend based fib extension placed early 2023, late 2022: Solana has found fierce resistance at it's 2.618- roughly around the previous cycle's all time high. After a second attempt to continue upward, we have had a fierce rejection back down towards $130. As you can see, $134 has acted as a major support and resistance level dating back to 2021, and...

Red54

SOL's indicators are showing strength here at the key $170 line. However, I believe with a 3 day candle close below this key line, we will see a continuation down to the support line that started Jan 22 24 and was confirmed Aug 4th 2024. Somewhere around $150-$155. It's bounced nicely off this line two times. A break of this line indicates to me a...