SOLANA LONG : accumulate hold & buy
SOLANA (SOL) / USD
We can analyze the daily situation of SOL:
a) Upward exit of a descending channel
b) Increasing local minima in the (orange box) where the current support is located
c) The price extension has as its objectives 3 minimum target:
1)Average 100 to 1 day (yellow line) for the price of $ 55 --> ROI: +41%
2) Average 200 at 1 day (blue line) at a price of $ 76 where the final part of the local maxi resistance coincides (red box) --> ROI: +98%
3) $ 91.9 we find the last target which coincides with the Fibonacci extension 3.618 and with the highest part of the resistance (red box) --> ROI: +137%
It is too early to say if we are facing an end to a bear market that has been in existence since November 2021, however the chances of seeing a rebound are high.
For more information contact us privately.
A cordial greeting from LPI.sa, grow with Us.
We can analyze the daily situation of SOL:
a) Upward exit of a descending channel
b) Increasing local minima in the (orange box) where the current support is located
c) The price extension has as its objectives 3 minimum target:
1)Average 100 to 1 day (yellow line) for the price of $ 55 --> ROI: +41%
2) Average 200 at 1 day (blue line) at a price of $ 76 where the final part of the local maxi resistance coincides (red box) --> ROI: +98%
3) $ 91.9 we find the last target which coincides with the Fibonacci extension 3.618 and with the highest part of the resistance (red box) --> ROI: +137%
It is too early to say if we are facing an end to a bear market that has been in existence since November 2021, however the chances of seeing a rebound are high.
For more information contact us privately.
A cordial greeting from LPI.sa, grow with Us.
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