Solana formed a clear head and shoulder pattern and broke down through the neckline and is currently retesting. Low risk, high reward trade here. If we close back above then we close out in a small loss, but if the pattern plays out the target profit zone would be well over 20%. Clear bearish divergence on the RSI and slowing momentum indicative of a potential correction.
I have been watching this falling wedge for over a year now and my plan was to swap my Bitcoin to Ethereum when the breakout did occur. However, with the halving coming up for Bitcoin and the disappointing Shanghai update for Ethereum in September, Ethereum has struggled to match the performance of its predecessor.
The falling wedge broke structure downward and...
Bitcoin was being smothered by bearish analysis across social media platforms before this last pump and we all know now that when the majority is arguing for a bearish move that that is precisely when the bulls tend to show themselves.
To be fair, during this period the market did appear rather neutral to me and we can't dispel the clear effect the disgraceful...
