![Solana_logo.png](https://cdn.steemitimages.com/DQmZBFjeSCff9qz9HjF1rbWwNjt68P8B1WkjUeTWNuuEHCa/Solana_logo.png) [SOURCE](https://en.m.wikipedia.org/wiki/Solana_(blockchain_platform)) https://cdn.steemitimages.com/DQmRu5DzQaxu2ewMi4ZUZf1WR8P5XRCMzeDWurNWV6hJboC/20220210_014755.png ####

1. The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

![20211204_035058.png](https://cdn.steemitimages.com/DQmPKA2oebXun8yH6XMSNUhCVW3g4DSPJQkvRvdSErWPT99/20211204_035058.png) The project token i shall be analyzing i the SOLANA (SOL) token. SOL token is the native token of the Solana Public Blockchain Platform. It works on a smart contract and is believed to offer faster transaction executions, at a lower fee compared to other Ethereum platforms. The SOL token ha as founders *Anatoly Yakovenko, Greg Fitzgerald, Stephen Akridge, and Raj Gokal*, in April 2019; by Solana Labs and Solana Foundation. ___ ___ ### Solana Exchange Platforms. ![Screenshot_20220326-232148_1648333402266.png](https://cdn.steemitimages.com/DQmdx2xVfSYBysADUrMB4skqbr6u69qw48Ms1FaSR8Qk976/Screenshot_20220326-232148_1648333402266.png) [Coinmarket.com](https://coinmarketcap.com/currencies/solana/markets/) As you can clearly see, Solana token is popular and exchanged on many platforms such as Binance, Coinbase Exchange, Gate.io, KuCoin, Huobi Global, Bitfinex, FTX, and many more. ___ ___ ![Screenshot_20220326-231702_1648333368661.png](https://cdn.steemitimages.com/DQmZr9i5SnB5GFhsLkaZ6fDpsk1Z5BRkvZQJD4g7rsuErb9/Screenshot_20220326-231702_1648333368661.png) [Coinmarket.com](https://coinmarketcap.com/currencies/solana/markets/) From the screenshot above, we have the following information CATEGORIES | VALUES --- | --- Rank | 8 Value | $102.04 Watchlist | 1,472,012 Market Cap | $33,156,185,884 Fully Diluted Cap | $52,205,559,702 Volume (24h) | $1,276,717,307 Volume/Market Cap | 0.03851 Circulation Supply | 324,932,184,70 SOL Maximum Supply | N/A Total Supply | 511,616,946 https://cdn.steemitimages.com/DQmRu5DzQaxu2ewMi4ZUZf1WR8P5XRCMzeDWurNWV6hJboC/20220210_014755.png ####

2. Why are you optimistic about this token today, and how long do you think it can rise?

![20211204_035058.png](https://cdn.steemitimages.com/DQmPKA2oebXun8yH6XMSNUhCVW3g4DSPJQkvRvdSErWPT99/20211204_035058.png) ![Screenshot_20220326-231719_1648333421968.png](https://cdn.steemitimages.com/DQmRS99vbmk77mcUQ9hLkDwP7omGpzGMYC8izUk44Hr2YiZ/Screenshot_20220326-231719_1648333421968.png) [Coinmarket.com](https://coinmarketcap.com/currencies/solana/markets/) Looking at the chart, we see that the Solana coin is quite bullish in price during certain periods of the day. After monitoring the price signals for this token for 3 days now, i am optimistic to step into the market with a buy/long order whenever the indications from my trading tools align with my strategy. Looking at the market in general, buyers have stepped up their game and influenced the market, after a durable period of bearish trends for over 3 to 4 months now. As such, i believe this coin will keep rising gradually every passing week just like the others. https://cdn.steemitimages.com/DQmRu5DzQaxu2ewMi4ZUZf1WR8P5XRCMzeDWurNWV6hJboC/20220210_014755.png ####

3. How to analyze the token? (using the analysis knowledge learned from professors’ courses) - the most important part.

![20211204_035058.png](https://cdn.steemitimages.com/DQmPKA2oebXun8yH6XMSNUhCVW3g4DSPJQkvRvdSErWPT99/20211204_035058.png) The trade was done for SOL/USDT crypto pair. ![20220326_224016.jpg](https://cdn.steemitimages.com/DQmfK1wBvMFZmMLsPrbdEXCwTu9bUJwVS22ApfyR9DxRpGn/20220326_224016.jpg) **^{Screenshot gotten from Tradingview App}** For this analysis, a fast (10-days) and slow (30-days) moving EMA indicator was introduced, alongside an RSI indicator. The strategy used is the Crossover Moving Average Strategy. This action was set for a buy/long since the bearish trend observed a trend reversal and was certainly headed upwards (bullish trend). From the chart, we see that the fast EMA line (blue) crossed the slow EMA line (orange and moved above it, implying that there is a possible bullish trend to occur. It made a bullish run from 101 USDT up until about 102.5 USDT. My entry point was made at **102.20 USDT, with TP at 102.43 USDT, and SP at 101.97. Risk ratio was 1:1.

https://cdn.steemitimages.com/DQmbokhhd7sP2XBPVPUb2YMTSpRybGTxChx5FA2JQRfqNqT/Screenshot_20220326-223136_1648332181808.png

https://cdn.steemitimages.com/DQmUb5HZj23TxztT1hDawhmRVvysumbpYf1F8uYtm4ke5Ga/Screenshot_20220326-221833_1648332164132.png

___ **^{Screenshots gotten from Binance App}** Categories | Values --- | --- **Entry Amount** | 613.2200 **Exit Amount** | 614.5800 **Realized PNL (USDT)** | +1.3600 The transaction was a success with a **+1.36 USDT** profit. https://cdn.steemitimages.com/DQmRu5DzQaxu2ewMi4ZUZf1WR8P5XRCMzeDWurNWV6hJboC/20220210_014755.png ####

4. Do you intend to keep it for a long time or when to sell it?

![20211204_035058.png](https://cdn.steemitimages.com/DQmPKA2oebXun8yH6XMSNUhCVW3g4DSPJQkvRvdSErWPT99/20211204_035058.png) I have no intention of holding on to this token for long, since my trading strategy works best for highly fluctuating market prices. As such, all transactions carried out for this coin, using this particular strategy, is meant to last no more than 24hours. My stop loss and take profit points are always within the fluctuation range within a 24 hour margin. https://cdn.steemitimages.com/DQmRu5DzQaxu2ewMi4ZUZf1WR8P5XRCMzeDWurNWV6hJboC/20220210_014755.png ####

5. Do you recommend everyone to buy? and the reasons for recommending/not recommending.

![20211204_035058.png](https://cdn.steemitimages.com/DQmPKA2oebXun8yH6XMSNUhCVW3g4DSPJQkvRvdSErWPT99/20211204_035058.png) I recommend everyone to buy this coin especially now that the market looks promising for an overall bullish trend. Many traders are already making hug profit from the little bullish changes this past weeks. I recommend that everyone buy this coin. For those who intend to hold this coin for long, what i recommend is that you be very patient and calm. For those who chose to trade this coin on a short term trading base like me, i suggest you use trading strategies and trading tools that are highly trend friendly. https://cdn.steemitimages.com/DQmRu5DzQaxu2ewMi4ZUZf1WR8P5XRCMzeDWurNWV6hJboC/20220210_014755.png > **My regards to Professor @shemul21 and @abdu.navi03.** ![20211204_035058.png](https://cdn.steemitimages.com/DQmPKA2oebXun8yH6XMSNUhCVW3g4DSPJQkvRvdSErWPT99/20211204_035058.png) **^{Thanks for visiting this post. Have a joyous day.}** https://cdn.steemitimages.com/DQmRu5DzQaxu2ewMi4ZUZf1WR8P5XRCMzeDWurNWV6hJboC/20220210_014755.png