Everybody is looking at Solana now and that is good... Even though there is a shakeout happening on the major altcoins Solana is giving us a clear picture.
While the USDT pair is being reviewed by everybody, we chose the BTC pairing as accumulating bitcoin at low prices is the wisest choice possible for any cryptocurrency trader.
You can gain more bitcoins by buying altcoins with your BTC.
Ok. Solana vs Bitcoin (SOLBTC).
29-December gave the reversal signal in the form of a Doji at a new low/support. This with an oversold RSI.
The signal is confirmed once prices move above EMA10 (yesterday) on high volume (today).
So we can consider this a real move.
Things can always change and reverse... Of course, but these signals are good and strong.
Very easy target for this bounce is set at 65%. There can be much more because Solana has gone through a very strong correction.
The market moves in cycles... After going down, what follows is up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.