Long Solana
Updated
Traders,
As you know, I have restarted my signals subscription. My followers and I have done very well since the restart. But I don't want to forget about all of my TV followers. So, from time to time I do not mind throwing out a freebie.
Here's my case for going long Solana here to $300.
#1 - As indicated in the weekend video update, there are multiple indications that our pullback in the U.S. stock market is over for now. Blow-off top to continue.
#2 - Bitcoin will not be held down.
And as it pertains to our Solana chart:
#3 - Solana has hit .618 fib fan retracement
#4 - Double bottom held.
#5 - Back above the 100 day SMA
#6 - RSI downtrend broke
#7 - Green RSI support held
#8 - Hidden Bullish Divergence on RSI
#9 - Awesome Oscillator on the rise!
My target will be 2x the current price (so, $300) for a rrr of 3.25.
This will be a longer-term swing. It may take a month. It may take the rest of the summer. Unknown.
As you know, I have restarted my signals subscription. My followers and I have done very well since the restart. But I don't want to forget about all of my TV followers. So, from time to time I do not mind throwing out a freebie.
Here's my case for going long Solana here to $300.
#1 - As indicated in the weekend video update, there are multiple indications that our pullback in the U.S. stock market is over for now. Blow-off top to continue.
#2 - Bitcoin will not be held down.
And as it pertains to our Solana chart:
#3 - Solana has hit .618 fib fan retracement
#4 - Double bottom held.
#5 - Back above the 100 day SMA
#6 - RSI downtrend broke
#7 - Green RSI support held
#8 - Hidden Bullish Divergence on RSI
#9 - Awesome Oscillator on the rise!
My target will be 2x the current price (so, $300) for a rrr of 3.25.
This will be a longer-term swing. It may take a month. It may take the rest of the summer. Unknown.
Note
Solana is now well into profit and on its way to our target. Two more bullish indicators can be seen on both the RSI breaking above significant resistance and the awesome oscilator now bullish.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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