Crypto Currencies: Solana Ethereum(SOL/ETH) short term view

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Insignia Consultants

                                                                                   New Delhi

Monday, September 20, 2021 TIME 1:14 PM IST                       

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Crypto Currencies: Solana Ethereum(SOL/ETH) short term view

If you search the net Solana (SOL/USD) is the hottest crypto currency for future investment. However I prefer SOL/ETH as it is cheap and has much more potential to rise than SOL/USD. Ethereum (eth/usd) and Solana (SOL/USD) will be the fastest growing crypto currencies over the coming months and years. Hence SOL/ETH is the best way to invest. One should use SOL/USD for day trading. SOL/ETH for investment.

SOL/ETH: (current price: $0.044467): Support: $0.012236 Resistance: $0.065623 and $0.09547.

View: SOL/ETH can rise to 0.09547 in the short term as long as it trades over 0.012236. In the long term my target is over $2.0000. (a) Short term bearish trend will be there only if SOL/ETH falls below 0.012236.

The above is just a technical view. If you not prepared to take an MTM risk of over fifty percent (on long term investment in SOL/ETH), then please avoid making investment in SOL/ETH.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Prepared by Chintan Karnani Website www.insigniaconsultants.in   

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

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