sunnyville
Long

SOLVE double bottoms after a massive selloff

BITTREX:SOLVEBTC   Solve.Care / Bitcoin
After a massive selloff due to the token unlock of 115 mil tokens on 16 Feb, SOLVE seems to have found its bottom. Looking at the fundamental analysis , and the volume during the sell off in the technical analysis , a breakout seems imminent as it is almost certainly in the oversold region, both in the long term and the short term, and profits potential is huge!

Buy in:
0.000013 - 0.000017

Short term targets:
1) 0.000024
2) 0.000029
3) 0.000035
4) 0.000043


I will update the post with Long term targets later.
Comment:

It's been almost 24 hours since I posted this idea and SOLVE has hugged the lower limit of our buy in range of 0.000013. So there were plenty of good opportunities to accumulate.
In the last hour it has gone above the 21 MA at the 1H chart, and what's interesting is that it didn't take a large volume candle to break this line. This also indicates that the price is now ready to move up.

This 1H candle and the next couple are very crucial.
Comment: After retesting the bottom, SOLVE has moved up about 30%. I got the chance to buy some more around 1.3k level and haven't sold any yet. Looking at the weekly chart below, a massive volume of SOLVE was traded in the last 2 weeks, but the price didn't fall the same amount in comparison. SOLVE was in a downward trend on the 1W chart and the price not falling with the peak on volume indicates a reversal of the trend in my view.

SOLVE 1W chart:

Compare the Volume spike and the price change. Look very promising! We could see a massive rally in case the reversal scenario is true.
Comment: Bull flag?
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