#sol #solana

I know it's long but it's of interest to you.

Solana these days was in a bullish trend but now it has created a candle of a 2 bearish impulse on a monthly basis which would indicate that it was a retracement to continue falling further.

If we analyze it with M pattern, supports and resistances, and Fibonacci both in retracement and extension, the price marks from 77$ to $80.

I made a purchase at 130 as I mentioned and withdrew at 150 for profit.

I said it would fall to 126 and then return to 150, and that’s what happened.

That in futures

and for spot I had it as a long-term investment since Solana has a future as a currency until it dropped to 126..130 I could assume the loss,

now I took out my spot position that I had from a few months ago with losses of 800€, but if it falls to 80$ I will be able to buy much more, if the price suddenly bounces above # 150€, I will buy again in spot, I would add more tokens to balance my position and with confirmation I will earn more.

But as I said I have seen that pattern and I don’t trust it at all, it wants to complete the cup handle up to the middle of the cup and that is $80..

After that, Solana if it does well

since it enters the world of the metaverse with NFTs,

Futures for wholesale investors and regulated, on the 17th of this month,

the ETF in October

and it will be usable in video games perhaps to make money which is yet to be seen.

It has eaten many cryptos and is going for ETH.

Even so, Solana has many tokens and it will not reach a value of 5k or 10k etc.

But it will probably reach 450..500,

and if it does very well from 750 to 1000.

But there are no confirmations and I suppose they will be waiting for all this.

I have diversified my portfolio in several different cryptos and in USDC Coin, which while it is there gives me a small income until the market decides.