Solana: Potential buying areas #SOLLooking at Solana on a logarithmic scale we can see that it has been following a trendline (green) very closely. Only until recently has Solana deviated away from this trendline due to market exuberance. As of right now this asset looks like it is either setting up for another leg up or it might need to dip down to the green trend line to validate support before continuing its growth. Personally, I like the $28-$32 level for potential buying levels.
*choose wisely*
*not financial advice*
Solanausd
Solana expectations? Buy? No? Yes?Difficult question and I do not have a yes or no answer. But what we do know is that Solana is used more by the day and more use means a greater demand by companies and users for Solana. This is positive for the price of Solana. For 2021, therefore, a large growth in the price of Solana is also expected because more collaborations will come and new products will be developed. It al looks very promising.
The price predictions for Solana is therefore highly estimated by many analysts and experts. It is a crypto that is increasingly in demand, has more and more collaborations and more and more new product innovations do what is most important.
A price expectation for Solana? No, impossible (for me at least). Adoption of the entire cryptocurrency industry is on the rise, with Solana becoming a favorite cryptocurrency for many due to high demand. What can be said is that the future seems positive and a price increase of hundreds of percent can be very realistic in the coming years.
So I wouldn't put everything I own in Solana, but it never hurts to expand my portfolio a bit.
Please share your opinion. :)
💡Don't miss the great buy opportunity in SOLUSD @SolanaTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (13.36).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 14.80
TP2= @ 15.45
TP3= @ 16.25
TP4= @ 16.95
TP5= @ 18.20
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in SOLUSD @SolanaTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (13.36).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 14.80
TP2= @ 15.45
TP3= @ 16.25
TP4= @ 16.95
TP5= @ 18.20
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️