Technical analysis by Cousin_Fat_Fat about Symbol SOL: Sell recommendation (9/11/2023)

SOLUSD SOLANA DUMP INCOMING Why? - USD Strength - Weekly uptrend line broken - Leaving Mod-Schiff Fork - Weekly MACD Bearish Cross - Weekly DMI Bearish Cross (Pending) Don't let the log-scale chart fool you. We're looking at a return to $8 (December '22 low), or an even larger decline to $5 (the Aug '20 high) That's a 50% - 70% drop from current levels. Short it. Fat_FatWeekly MACD Bearish CrossWeekly Ichimoku Cloud is looking bearish50-70% percentage declineThere are rumors circulating about a potential liquidation of FTX SOL holdings....Approximately $128 Million USD value in Solana currently owned by FTX.