Long

SOLUSD LONG TERM IDEA

Updated

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

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Bitsleader

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