SOL is in a Descending Broadening Wedge Visible with RSI Bullish Divergence Visible on the Daily and MACD Hidden Bullish Divergence Visible on the weekly at the PCZ of a Bullish Shark
Trade active
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Very Nice Drawn out Hidden and CLassic Bullish Divergence has developed on the weekly timeframe at these levels and my confidence remains high in the trade as a result:
Let's see how price behaves at the current levels. Thanks for sharing.
RizeSenpai
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@SwallowPremium, Yes i noticed you were interested in the SOL stuff. Here's the situation, SOL made a move towards my stop level so in the last several days i flipped short in a day trade to which SOL has nearly reached the target of:
I think Crypto will be fine but i think all this SOL and FTX stuff has shown that the DeFi sector within Crypto has too many cracks and likely wont perform as well as the more barebones traditional assets such as Litecoin, XRP, or Doge for example. To that regard i don't even really trust ETH to perform well due to it's heavy exposure to all sorts of DeFi projects, scams, and the like. I suppose we would see a reallocation of Marketcap from ETH to other coins in the near future.