POTENTIAL BUY OPPORTUNITY SOLANA (SOLUSD)
Updated
Alright! Here is post #2 for the week! I figured this week I would give you guys a couple different markets than I usually post about! Since I do mainly specialize in FX markets since I have put the most time into them. But wanted to add some value for those of you trading multiple or different markets! So here we go!
OK so obviously Solana is a hot Cryptocurrency right now...showing huge upside potential. Recently prices have been making an uptrend in price with recently back in Mid-May prices went from $140-$185+ per coin. Showing a huge influx of demand coming into this crypto-currency. After seeing this bounce I had seen the demand for this coin is there...
SO when looking at lower timeframes you can see a strong demand level around $151 per coin. Where the origin of that last bull run was in prices. Another good technical confluence is the Fibonacci alignment of the 78.6% fib (discount) level aligning with the overall demand.
Simple breakdown on Solana but overall a hot coin..large market cap..and a bullish/demand driven market to back it...more signs pointing bullish then bearish for me on this crypto coin!
Please boost and follow my page for more accurate analysis! Cheers!
OK so obviously Solana is a hot Cryptocurrency right now...showing huge upside potential. Recently prices have been making an uptrend in price with recently back in Mid-May prices went from $140-$185+ per coin. Showing a huge influx of demand coming into this crypto-currency. After seeing this bounce I had seen the demand for this coin is there...
SO when looking at lower timeframes you can see a strong demand level around $151 per coin. Where the origin of that last bull run was in prices. Another good technical confluence is the Fibonacci alignment of the 78.6% fib (discount) level aligning with the overall demand.
Simple breakdown on Solana but overall a hot coin..large market cap..and a bullish/demand driven market to back it...more signs pointing bullish then bearish for me on this crypto coin!
Please boost and follow my page for more accurate analysis! Cheers!
Comment
Next stop is taking out $189 price highsTrade closed: target reached
Solana had reached our immediate supply target on June 11th..did not come take highs though! Not the right demand zone to make the move! On to the next!
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