SOL / TetherUS
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QuickPost: Solana appears to have a descending triangle

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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.
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OOops, went so quickly I didn't remove the indicators.
Here is a cleaner chart.
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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.
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Looks like any chance of overperformance to the downside has vanished.
aaaaaaaaaaaaaaahhhhhhChart PatternscryptobearmarketsolanaSOLUSDTrend Analysis

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