Solana Flashes Bullish EMA Crossover — $200 On The Table!
Today, Solana printed a bullish EMA crossover on the daily chart. The signal flashes when a short-term moving average crosses a longer-term moving average to the upside, indicating the start of a (bullish) trend.
Based on backtests, the signal shows a high reliability of almost 88% to reach gains >10%. However, it is worth mentioning that the amount of historical events is limited in this case.
From a chart perspective, it seems reasonable to wait for Solana to reach $170 for a safe entry. If this happens, $200 can be saved as a first-take profit target.
