✴️ Solana | Divergence | Big Or Small Correction?

12 Des 2023

We have a double bearish divergence.
Volume and RSI divergence...

Good morning my fellow Cryptocurrency trader, how are you feeling today?

I am hoping you are having a wonderful day and know that I can read your mind, because I've been wondering about the exact same.

Will it really drop?
If it does drop, will it really be as hard as you say?

Here the RSI can be seen clearly trending lower and it peaked 10-November, more than a month ago:

On the main chart you can see the decreasing volume while prices go up.

➖ The last high 9-Dec. is only 14% higher compared to 16-Nov.
➖ In comparison, the high 16-Nov. is 45% higher compared to 1-Nov.
➖ The high hit 1-Nov. is 88.8% big compared to 1-Oct.

The fact that each high becomes smaller in size tells us that the bullish trend is losing momentum. I think on this point we can easily agree.

Considering that the entire wave that started after the late December 2022 low (a year ago) produced more than 860% growth, it wouldn't be surprising to see a correction, one that is strong.

So the answer is a resounding yes!
The correction can be big.

Thanks a lot for your support.

Namaste.