$SOL short-term bearish divergence and a channel within a channe
Viewing my previous charts you can easily see that we are very bullish Solana, especially when we look at the daily time frame. Also, the fundamentals are all bullish as well.
However, for the 4-hour chart we can easily spot a bearish divergence on the RSI that correlates with our bullish channel within a channel.
If we drop to $200.00 I would load up as your first area of interested. If that breaks, look for further downside to the bottom of the larger channel. -I don't believe this will happen, as I think Solana is poised to go much higher very soon.
However, for the 4-hour chart we can easily spot a bearish divergence on the RSI that correlates with our bullish channel within a channel.
If we drop to $200.00 I would load up as your first area of interested. If that breaks, look for further downside to the bottom of the larger channel. -I don't believe this will happen, as I think Solana is poised to go much higher very soon.
