Solana Weekly: Crash Confirmed
2024-11-02

While Bitcoin is waiting to give us the signal, the final signal, Solana is in no mood of doing the same. Solana doesn't care about creating doubt or uncertainty, SOLUSDT is ready to crash and that is what the chart is saying without any mix up.

A perfect descending trendline with three reactions, lower highs.

The current weekly candle went higher than last week and is now trading below the open and near the sessions low. This week is trading below last weeks open and so far is a ultra-strong-bearish-candle.

If Solana closes like this tomorrow, at 163$ or lower, it can lead to a crash stronger than 29-July, this is what the chart says.

While the Bitcoin chart can have some doubt, Solana, Ethereum, Toncoin, Binance Coin and the other giants are not the same. They are all pointing down with force. Translating the chart, it is saying something, "Alert, nuclear bomb!" In the sense that a major crash is upon us. But this is Solana of course. Every chart is different and every pair is different but they all bottomed in September/October 2023 and they all grew until March 2024. If one goes, they all go.

If Bitcoin is not clear, you can corroborate what is happening by looking at other charts.

Everything is pointing down.

Will it change?
Will everything grow?

It is possible... When everything was pointing up, the market grew and it was nice and sweet.

When everything is pointing down, we can just doubt and hope instead of adapting to change. Sorry, I should say, prepare for the crash.

Thank you for reading.

Namaste.