An analyst who won the classification of the master trader on the Bybit of the Crypto exchange thinks that Solana (ground) looks good after having recovered a level of key support.
Pseudonym analyst Bluntz told its 319,800 subscribers on the X social media platform that Solana flashes a swing failure model (SFP) on the four-hour table after losing its support for $ 160 at the end of May, to recover the price level later.
An SFP is generally considered to be an inversion model, and in the case of Solana, the incapacity of bears to push the prices lower indicates a failure to maintain a dynamic downwards, which has potentially triggered a change of feeling of the market.
Said Bluntz,
“To love the reaction of the soil after having taken the stockings, working on a recovery now, still early but very promising in my opinion. If that happens, it’s time.”
At the time of writing, Sol is negotiated at $ 160.33, slightly above the level of key support of the merchant.
The analyst is also optimistic about the crypto project focused on artificial intelligence (AI) AI16Z (AI16Z). According to Bluntz, Altcoin seems to have finished an ABC correction on the daily graphic, suggesting that the part has printed a lasting background.
Bluntz practices the theory of Elliott waves, which indicates that an asset is ready to turn on the gatherings after finishing an ABC correction.
“Of all my Alt analyzes this morning, AI16Z up the five most manual impulsive waves on high delays from April and now an ABC with three very clean and clear waves in the 0.618.
He doesn’t get more textbooks than that. I think it’s a major background for this one.
At the time of writing, AI16Z is worth $ 0.25.
The latest piece of the merchant’s radar is Gigachad (Giga), a same, built on the Solana blockchain. Bluntz says that Giga seems to follow in the footsteps of his compatriot samecoin SPX6900 (SPX), an Altcoin which increased by around 360% from the bottom in March.
“Giga looks pretty good in my opinion, so many similarities.
Love it or hate it, murad pieces look spicy.
At the time of writing, Giga is worth $ 0.23.
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