Solana (SOL/USD) short term view

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Insignia Consultants

                                                                                   New Delhi

Wednesday, October 20, 2021 TIME 12:25 PM IST                       

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Solana (SOL/USD) short term view

SOL/USD: (current price: $155.90): Support: $136.10 and $148.60 Resistance: $163.10 and $186.40

14 Day View: Solana or sol/usd can rise to $175.60 as long as it trades over $148.60. (a) Bearish trend will be there only if SOL/USD trades below $148.60.

30 Day View: Solana or sol/usd can rise to $195.40 as long as it trades over $136.10. (a) Bearish trend will be there only if $170.20 is not broken in the next thirty days.

View for the rest of the year: Solana can rise to $217.10 as long as it trades over $125.20. (a) Solana or SOL/USD will be in e bearish trend only if there is a daily close below $125.20 for seven consecutive trading sessions.

Solana should be the best performing crypto currency in the next five years. However twenty percent price fall cannot be ruled out if there is general sell off in crypto currencies.

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

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.

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