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Solbtc

SOL/BTCSOL/BTC It seems to have broken the down trend, stuck within a range, in possible accumulation? Double bottom, possible bullish flag on the 4 hour chart. Low risk buy is 5600 area if it gets there again, easy to cut if closes below. Can wait for the S/R flip of the 7200's area. BTC dominance might be in reversal mode, so take some caution here. If BTC dominance starts to increase again, then you know what If you really want in then the bottom of the flag might be and okay entry. Not an expert, I just see patterns!
Long
by walkin
2
Solana Project Overview + Chart Fully MappedAbout Solana Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency. Source: Coinmarketcap.com Website: solana.com -------------- Here we have SOLBTC (Solana), this is a young chart so we have little info, it becomes harder to read future movements without history. Here I've marked the different support and resistance levels using the Fibonacci tool. Prices for SOLBTC are trading above EMA50 and also the 0.382 Fib. extension level, which we can take as a strong bullish signal. The RSI and MACD are also looking bull. If prices remain above the black dashed line, SOLBTC can easily move higher. On a drop, the dashed/dotted lines below EMA10 (in green) will work as support. Right now the bulls are in control. Namaste.
Long
by AlanSantana
8