Coledesl

SOLANA UPTREND/LONG TERM ANALYSIS

Long
BINANCE:SOLUSDT   SOL / TetherUS
SOLANA has a downwards trend as you can see in the 4 hour chart and I predicted with the downwards wedge channel it would rebound and hit the resistance levels and bounce up back to 180. This in fact happened and although the market is quite red due to political,federal reasons, and the COVID variants SOL has huge upside potential for the next year. It has continued to show similar growth properties like ETH. It will become one of ETH competitors in the next year and possibly over take ETH. I see SOL hitting 400$ by end of next year, there are a few factors that could get in the way. First one is the regulations the US FEDS put in action on Crypto in the future if they do could impact SOL. The second one is COVID AND POLITICAL news, depending on how the world gets better or worse risky assets will be affected heavily if this new OMICRON variant gets worse and more effective it could have a bad bad effect on the markets. Hopefully everything simmers down and COVID is not a issue I thoroughly believe this is a great coin to put your money in and HODL for a year at least. I will be buying more if it dips again. Thank you.
EMAIL FOR QUESTIONS
coledeslauriers@icloud.com

https://www.tradingview.com/chart/cZZEctkI/

SOLUSDT


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