SOLUSD: Libra crash is a buy in disguise

Solana is suffering heavy losses these past few days due to the prevailing news regarding Libra and has turned oversold on its 1D technical outlook (RSI = 30.523, MACD = -8.449, ADX = 53.479). Since the long term pattern is a Channel Up and the price is headed for its bottom, while the 1D RSI is at 30.000, which has been a buy signal for over 1 year, this is technically a buy opporutnity in disguise. The similar buy signal of June 23rd targeted the R1 level at the top of the corrective Channel. Go long, TP = 260.00.


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