SOLUSD LONG TERM IDEA

SOL was one of the best performing coin in 2021. After Topping 250+ SOL dropped almost 90% to it's original ATH price.

if we look closely SOL is forming descending broadening wedge pattern. Which is bullish pattern.
if we take a look at weekly RSI and MACD both of them are quite bullish. VPVR indicator also showing strong support near 38-40$ area. that doesn't mean we can't go below this level. this is just technical analyses so we will just ignore the fundamentals for now.

SL: $37
TP: $70

if we break the wedge we will see further upward movement to 90$ - $115.

Disclaimer: this is not financial advice

Nota

after the ftx everything is invalidated. i will publish more updates soon

Nota

you can follow my new twitter account here

Nota

twitter.com/crypto_slazy follow my new twitter account for more updates

Bitsleader

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.