Solana (SOLUSD) continues to trade within its 7-month Channel Down and is currently on its 3rd consolidation phase of this pattern. The 1D MA100 (red trend-line) is its current Resistance (and where it got last rejected in mid-January) and as long as it holds, probabilities are that the 3rd Bearish Leg will start soon.
The symmetry is high within this pattern, with the previous two Bearish Legs declining by -54.00%. If SOL repeats that from the March Lower High, expect a new Lower Low towards June targeting $45.000.
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The symmetry is high within this pattern, with the previous two Bearish Legs declining by -54.00%. If SOL repeats that from the March Lower High, expect a new Lower Low towards June targeting $45.000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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