Solana - SOLUSDT Bullish Cycle Next

22 Mei 2023

Hi Traders, Investors and Speculators of Charts📈📉

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫

Solana / SOLUSDT has some great upside potential from this point, and SOL is no stranger to parabolic upside movements.

With the help of two technical indicators ( Bollinger Bands & CryptoCheck START V3.5 ) we can confirm the conclusion made from the analysis of the chart's macro perspective : we are currently trading in range-bound accumulation phase. It's not ideal to trade in zones between support zone and resistance zone since this is an strictive place for stop hunt algos to trade.

Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase.


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SOL SOLUSDT SOLUSD SOLUSDT.P SOLUSD SOLUSDT SOLBTC SOLUSD SOLUSDT.P SOLUSD

23 Mei 2023

Nota

SOL looks like it may still take a while to rally, all the more time to accumulate.