GerryB

SOL - Descending Channel on the Daily

FTX:SOLUSD   Solana
With little history and only looking at the data points and patterns we are able to 'close some gates' and roughly chart current and potential movement. There is an overarching neckline and support with data points narrowing it down to the channel SOL is in currently. I expect SOL to chart within these support and resistance diagrams although a bit week in my opinion. NFA.

Looking at the RSI which is overbought provides some basis for this opinion.
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