SOL/USD, with potential for further record highs

١٨ سبتمبر ٢٠٢١

The following is machine translated.

sol, is a very colorful chain this year, the fundamentals can check out for themselves to see, not much to say here.

The solana wave did go bull, the user base is large, in the transaction most people want to sell at high prices, therefore causing chain congestion and node collapse, so that the network is paralyzed for dozens of hours. In such a situation the price of the coin is still relatively stable.

From the volume point of view, there is a lot of volume ahead, which is expected to drive the subsequent market again.

The third wave may begin to start if the wave rallies steadily today. The second wave retracement is clearly supported at Fibonacci's 0.618.

The shape of yesterday closed an inverted hammer line, bullish signal.

If BTC crashes and plunges, the above analysis will hardly hold.

First target around 174, second target 215+, stop loss 133.5

Translated with DeepL.com/Translator (free version)