Today, Solana printed a bullish EMA crossover on the daily chart. The signal flashes when a short-term moving average crosses a longer-term moving average to the upside, indicating the start of a (bullish) trend.
Based on backtests, the signal shows a high reliability of almost 88% to reach gains >10%. However, it is worth mentioning that the amount of historical events is limited in this case.
From a chart perspective, it seems reasonable to wait for Solana to reach $170 for a safe entry. If this happens, $200 can be saved as a first-take profit target.
Based on backtests, the signal shows a high reliability of almost 88% to reach gains >10%. However, it is worth mentioning that the amount of historical events is limited in this case.
From a chart perspective, it seems reasonable to wait for Solana to reach $170 for a safe entry. If this happens, $200 can be saved as a first-take profit target.
I'm Ben. Crypto lover, trader, and coder.
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I'm Ben. Crypto lover, trader, and coder.
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Disclaimer
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.