SOLVE is moving like a hot altcoin. To date, the percentage moves have been impressive.
It is tough to get a read on an altcoin that suddenly wakes up and starts ripping like this. In this particular case, it appears FOMO has already set in. If we are correct that a massive chase is on, that could lead to a move to the 200-day moving average (black line). That level is 2050.
In this case, it is essential to look at the 200-DMA because the 200-DMA represents a longer-term equilibrium for a market. So, if SOLVE is making a transition from an abandoned altcoin to a viable project, then it is logical for it to return to its 200-DMA.
Bottom Line: The chase is on in SOLVE. If SOLVE holds above 1474, traders chasing performance can push it higher.
It is tough to get a read on an altcoin that suddenly wakes up and starts ripping like this. In this particular case, it appears FOMO has already set in. If we are correct that a massive chase is on, that could lead to a move to the 200-day moving average (black line). That level is 2050.
In this case, it is essential to look at the 200-DMA because the 200-DMA represents a longer-term equilibrium for a market. So, if SOLVE is making a transition from an abandoned altcoin to a viable project, then it is logical for it to return to its 200-DMA.
Bottom Line: The chase is on in SOLVE. If SOLVE holds above 1474, traders chasing performance can push it higher.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.