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This_Guhy

QuickPost: Solana appears to have a descending triangle

Short
SOL / TetherUS (BINANCE:SOLUSDT)  
This_Guhy Wizard Updated   
BINANCE:SOLUSDT   SOL / TetherUS
Trend Analysis Chart Patterns aaaaaaaaaaaaaaahhhhhh solana SOLUSD cryptobearmarket
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trendanalysis chartpattern aaaaaaaaaaaaaaahhhhhh solana solusd cryptobearmarket
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.
Comment:
OOops, went so quickly I didn't remove the indicators.
Here is a cleaner chart.
snapshot
Comment:
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

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This_Guhy
Crypto Catastrophe Planning (Sol, Luna and ADA/Cardano)
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