SOLVE is moving like a hot altcoin. To date, the percentage moves have been impressive.
It is tough to get a read on an altcoin that suddenly wakes up and starts ripping like this. In this particular case, it appears FOMO has already set in. If we are correct that a massive chase is on, that could lead to a move to the 200-day moving average (black line). That level is 2050.
In this case, it is essential to look at the 200-DMA because the 200-DMA represents a longer-term equilibrium for a market. So, if SOLVE is making a transition from an abandoned altcoin to a viable project, then it is logical for it to return to its 200-DMA.
Bottom Line: The chase is on in SOLVE. If SOLVE holds above 1474, traders chasing performance can push it higher.
It is tough to get a read on an altcoin that suddenly wakes up and starts ripping like this. In this particular case, it appears FOMO has already set in. If we are correct that a massive chase is on, that could lead to a move to the 200-day moving average (black line). That level is 2050.
In this case, it is essential to look at the 200-DMA because the 200-DMA represents a longer-term equilibrium for a market. So, if SOLVE is making a transition from an abandoned altcoin to a viable project, then it is logical for it to return to its 200-DMA.
Bottom Line: The chase is on in SOLVE. If SOLVE holds above 1474, traders chasing performance can push it higher.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.