SOL / TetherUSLong
✴️ Solana Hits New High... With Many More To Come In 2024
The highest price since November 2022, almost a year ago and the exact time when the major crash took place... Solana is now back on the green by all measures and is primed to continue rising in the coming days.
Let's review the chart a little longer and see what it has to say.
We are currently looking at the daily chart but on the weekly SOLUSDT is moving above EMA100 which is a major development.
Going back to the main chart above, the daily timeframe, notice that all the action that happened between November 2022 and October 2023 can be considered the formation and confirmation of a long-term bottom.
The bottom low is hit in November 2022 and then a long drawn out recovery phase is clearly visible.
As Solana moves back above the grey space on the chart, we can consider this Altcoin 100% bullish now.
Bullish can only mean one thing, huge potential for growth.
The Solana crash was one of the worst all throughout the Cryptocurrency market, which is pretty bad but something good can come out of this.
Since we had a strong crash, the recovery and next bullish phase can be equally strong.
Take a look at this long-term chart here, for perspective:
The initial wave can go between 200% and 300% or more... That would only amount to the start, the first bullish wave, imagine how far up it can end up by the end of the bull market bull-run.
We will miss "Solana at very cheap prices, back in 2023... The good old days..."
But we will definitely enjoy what the market has in store for us... It went down for so long, it is time for some change.
The growth that ensues can be much bigger, much stronger than anything you can expect.
You might be preparing for something conventional but the market always surprises... Prepare to be surprised!
Namaste.
Let's review the chart a little longer and see what it has to say.
We are currently looking at the daily chart but on the weekly SOLUSDT is moving above EMA100 which is a major development.
Going back to the main chart above, the daily timeframe, notice that all the action that happened between November 2022 and October 2023 can be considered the formation and confirmation of a long-term bottom.
The bottom low is hit in November 2022 and then a long drawn out recovery phase is clearly visible.
As Solana moves back above the grey space on the chart, we can consider this Altcoin 100% bullish now.
Bullish can only mean one thing, huge potential for growth.
The Solana crash was one of the worst all throughout the Cryptocurrency market, which is pretty bad but something good can come out of this.
Since we had a strong crash, the recovery and next bullish phase can be equally strong.
Take a look at this long-term chart here, for perspective:
The initial wave can go between 200% and 300% or more... That would only amount to the start, the first bullish wave, imagine how far up it can end up by the end of the bull market bull-run.
We will miss "Solana at very cheap prices, back in 2023... The good old days..."
But we will definitely enjoy what the market has in store for us... It went down for so long, it is time for some change.
The growth that ensues can be much bigger, much stronger than anything you can expect.
You might be preparing for something conventional but the market always surprises... Prepare to be surprised!
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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