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Good morning, everyone, and welcome to Powell Day. It’s a shameful pity that the entire world has to be at the mercy of a musings of a single man, but there we have it. As we all teeter at the edge of our seats for what everyone’s favorite Fed chairman has to say, here are five crypto charts which, having eased back over the past five days, seem the best-poised to lurch higher as long as there isn’t some kind of shock-event from the virtual Jackson Hole:
Well, my favorite-of-all positions Solana (symbol $SOL) is still a champ. The crypto scene had some seriously rough sailing yesterday evening (as The Director described it in comments, an “air pocket”) and it was solid red everywhere you looked, with most coins down about 10% or so. There’s still a strong gravitational tug going on, but $SOL continues to defy them, in spite of getting hit pretty hard itself during the aforementioned air pocket. What I love about this critter is how, even at various degrees of granularity, the pattern plays out the same. Here it is very close up………..
