SOL is bullish, next sol summer is coming?
We can see SERUM also break the downtrend and bullish now.
- Fib 0.618 very strong support
- SOL ATH again
- Serum is the most important SOL Defi project and founded by SBF
- Raydium have better performance than Serum last round, I think this round Serum will chase back and stronger
- New function is coming soon in...
What Is A Cup And Handle?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume....
$SRM has had some good volume in the past few days, but not very much in favor of the bulls. Needless to say bad volume is better than no volume. $FET is getting ready to enter the 1st trouble zone, after the bounce from the drop across the market, where previous resistance showed a little strength. The 2nd trouble zone shouldn't be much of a problem because that...
SAM COIN BB
S/R Flip after breaking resistance
Top business drivers for implementing SRM include cost optimization, risk mitigation, top-line growth from supplier innovation, operational process improvements and preferential treatment from suppliers as a customer of choice. ...
I often say "one trendline is enough", and it truly is. When it comes to Serum we have this obvious trendline, that acts as resistance for some time now. I think Serum could go lower from here, but predicting a bottom is impossible for me, since it's a relatively new asset, so not much data on hand. Anyway, would be smart to wait for Bitcoin to bottom out. Safebet...
Serum is one of the primary projects built on Solana and overall, I believe it has a strong future ahead as backing by FTX is strong.
Chart, as usual, depends on what happens with BTC.
I am still leaning bearish for BTC, so I would expect this WXY to play out. Bullish alternative below.
Volume and Price action shows:
Target 1: 15
Target 2: 37
Target 3: 139
P.S: Anything I say or do, should always be taken with a pinch of doubt. You might make or lose money based on my opinion, but you are solely responsible for your own actions. I am not your financial advisor!
![SRMUSD: SRM swing trade entry ALERT ---- [LONG @ 3.305]](https://s3.tradingview.com/o/obTeOiGw_mid.png "SRM swing trade entry ALERT ---- [LONG @ 3.305]")
