SOL Current Downtrend Channel Placed Itself Just Above Last High
SOL Current Downtrend Channel Placed Itself Just Above Last High
SOL / U.S. Dollar GEMINI:SOLUSD
huecoshunter
The red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area.
However, in the last 2 days, the price has reached the upper area of the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area.
But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.
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