SolarCoin Technical Analysis #2 (2017-07-12)

So here are the technicals for today.

It is important to note that any technical comments are not trading advice, it is recommended to check independently for your own trading and investment strategies. We do not make claim to know or recommend on the future price of this digital crypto currency.

SolarCoin is a small market, and it is also directly linked to the value of other markets such as BTC, Ethereum, USD and major fiat currencies. So, these also do feedback into the SLR market.

We are closely watching SLR through August as the larger markets of ETH and BTC will also go through their own evolutions in August. SLR is also independently doing a number of key projects and these are all aimed at developing the network and also improving the currency functional side of SLR.

Please note: A note from the SolarCoin Foundation website.

Please note the solarcoin foundation makes no claim to future trading price or fungability of the solarcoin reward or size of the group of future participants in the Solarcoin reward program.

The solarcoin foundation strives to incent solar energy for the next 40 years increase the size of the participating claimants and believes this could increase the potential value of the reward due to emerging network effects but makes no guarantee implicit or explicit in regards to future price of the reward. Value may be a function of participants while price is a combination of factors including speculative dynamics which are beyond the control or ability to predict of any group or entity. The Solarcoin foundation does not endorse or encourage the speculative purchase of Solarcoin reward tokens.

Solarcoin is not a securities offering under the 1933 securities act and should not be considered as such. Solarcoin is a granted as a reward given away freely to verified producers of solar energy at the rate of 1 MWh per 1 SLR. The award of solarcoin is at the discretion of the Solarcoin foundation.

No future award, price, redemption for solarcoin, traded value, tradeability, fungability or other value is implied or guaranteed by the Solarcoin foundation. Solarcoin software is an open source, open protocol provided on an at will and at risk basis with no implied or expected levels of quality or service. Users should consider use of any such software, tokens or related services etc. as emerging technology which may contain bugs or be at risk. This is true of most all blockchain protocols, products and services.

Cheers,
-lpninja