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Solbtc

Solana Project Overview + Chart Fully MappedAbout Solana Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is a single-chain, delegated-Proof-of-Stake protocol whose focus is on delivering scalability without sacrificing decentralization or security. Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps across the network, improving overall network efficiency. Source: Coinmarketcap.com Website: solana.com -------------- Here we have SOLBTC (Solana), this is a young chart so we have little info, it becomes harder to read future movements without history. Here I've marked the different support and resistance levels using the Fibonacci tool. Prices for SOLBTC are trading above EMA50 and also the 0.382 Fib. extension level, which we can take as a strong bullish signal. The RSI and MACD are also looking bull. If prices remain above the black dashed line, SOLBTC can easily move higher. On a drop, the dashed/dotted lines below EMA10 (in green) will work as support. Right now the bulls are in control. Namaste.
Long
by AlanSantana
8
SOL / BTC — Fresh Listing HuntHey guys! Hope you like some recent listed coins:D This one just listed on Binance SOLBTC. I see triangle, so we can see breakout to up or down. Will expect 2 buy zones. Up breakout — 13500 Down breakout — 10200-11000 Targets on the charts. SL below low entry 10200 4h close. and of course: If you following somebody with good Risk/Reward and Win Ratio. Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor. Please don’t follow any analyst blindly on this website. Always use stop loss to prevent yourself from losses. Make sure you understand and afford the risk. Please. ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊 Stay tuned to Artem Crypto
Long
by ArShevelev
2
A First Look on SOL - Descending TriangleBinance has listed the SOL token! Solana is a high-throughput blockchain that is currently supporting 50–65k transactions per second and 400ms block times, without complex solutions like sharding or layer-two. As the world's first web-scale blockchain, Solana will unlock a whole new class of performant applications and facilitate larger scale blockchain adoption. Utilizing a revolutionary innovation called Proof of History, Solana is drastically able to outperform any other existing layer 1 and provide fees at $0.00001 per transaction. From a technical point of view we can see that the price immediately had a massive spike of 550% since its listing on Binance. Afterwards, we see the price has found some support and with several decreasing pumps after reaching this support area we can draw a nice descending triangle. This is usually a bearish sign, that the support is getting weaker. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BINANCE:SOLUSD
by Trading-Guru
6
A First Look at the Newest Addition to Binance: SOLSOLBTC Just got listed on Binance. Sola is the next generation decentralized social platform that incentivizes and benefits all involved parties — users, third-party developers and the core team. The name Sola is an acronym for “social layer.” Sola is an open ecosystem, which means that most of its source code will be made open source and available for audit, improvement and usage by anyone. It is a cryptocurrency token and operates on the Ethereum platform. Sola Token has a current supply of 127,864,775 with 28,948,936.515 in circulation. We immediately got greeted by a 420% increase in its first hour. Extreme volatility is common for new listings. After the spike up we are seeing a small descending triangle forming. A first bearish sign for this pumped coin. Let's see what SOL has in store for us in the coming weeks! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
by Trading-Guru
6