SOLANA still on path. Possible future developments
Let's continue to follow-up SOLANA.
As per the previous analysis, SOL bounced beautifully on the major support we identified but the momentum was not enough to overcome the resistance we indicated. We thus assisted to a false breakout and a new downtrend.
It's important to say that the macro-situation on crypto and tradintional markets is not easy and we may probably assist to more dumps in the next weeks. September has been a really awful month for crypto in the last years and 2021 is no exception.
If SOL is able to keep that major support with good probability we can confirm that the bears are not in control.
If we succeed in breaking that upper resistance with good volumes on the daily chart we may problably assist to a bullish scenario.
What's your guess?
*Not a financial advice*
As per the previous analysis, SOL bounced beautifully on the major support we identified but the momentum was not enough to overcome the resistance we indicated. We thus assisted to a false breakout and a new downtrend.
It's important to say that the macro-situation on crypto and tradintional markets is not easy and we may probably assist to more dumps in the next weeks. September has been a really awful month for crypto in the last years and 2021 is no exception.
If SOL is able to keep that major support with good probability we can confirm that the bears are not in control.
If we succeed in breaking that upper resistance with good volumes on the daily chart we may problably assist to a bullish scenario.
What's your guess?
*Not a financial advice*
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