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SOL wants to go UP again
SOL / Bitcoin
Long
SOL wants to go UP again
By dotcom880
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Updated
Jan 8, 2023
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Jan 8, 2023
Solana is a decentralized computing platform that uses SOL to pay for transactions.
The Pro's
Breakout on price
Stoch UP
6+ divergences
Higher high - trend reversal since november
Good volume
A whopping 85% drawback from top!
Project with still good hype around it
RSI breakout
The Con's
Still significant downward pressure, this could be a dead cat bounce
On USD pair, rating is not so stable. Seems overbought already.
NFA. Do your own research. Share your though below.
Jan 8, 2023
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Technical Indicators
Trend Analysis
dotcom880
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