I strongly suspect that an individual or a group of individuals are dumping coins to gradually crash SOL.
First, they slowly accumulate coins that usually form a head and shoulder pattern which I call "Volcanoes" in this case.
Second, they dump the accumulated coins to bring a sudden price drop.
Third, keep repeating first and second.
There are also long spikes, indicating people buying massive amounts of coins at market price. It's possible these coins are used for dumping as well.
The "Fault Line" is a neckline of a huge head and shoulder pattern which serves as a strong support line. These coin dumps repeatedly attack this neckline, and if the neckline break, I predict a massive crash.
First, they slowly accumulate coins that usually form a head and shoulder pattern which I call "Volcanoes" in this case.
Second, they dump the accumulated coins to bring a sudden price drop.
Third, keep repeating first and second.
There are also long spikes, indicating people buying massive amounts of coins at market price. It's possible these coins are used for dumping as well.
The "Fault Line" is a neckline of a huge head and shoulder pattern which serves as a strong support line. These coin dumps repeatedly attack this neckline, and if the neckline break, I predict a massive crash.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.