Solana/USD About to Moon?

Solana has held the Fibonacci golden pocket as support, and has now broken the corrective trendline, confirming the bull market. We’re looking for price to have a continued upside, targeting the 27% fibonacci extension at the price of USD 235. Our idea would be no longer valid if price breaks below the fibo golden pocket and trades through the $165 mark.

Upside Target: 235

Invalid Below: 165

Entry: Current Price

SOLANA/USD 1H Chart, 29 October, 2021.

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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