Greetings, today we are going to update our Elliott Wave Count for Solana!
Firstly, I wanted to thank you for all the boosts on our last Solana Analysis, appreciate it!
Solana did pull off an amazing rally in our blue Wave 5 which presumably is finished with that we have our green Wave 1 in. We are looking for a pullback to happen in our green Wave 2 soon.
The Wave 2 support area lies between the 0.382 FIB at 186.19 USD and the 0.786 FIB at 166.34 USD. If the price moves a few dollars higher the Wave 2 support are would just shift slightly up with it.
A break below this support area would indicate a reset of the white Wave 2 in a bigger correction which we deem unlike at this stage. Additionally the move up touched the 0.886 FIB which increases probabilities to take the previous high over the last low.
Thanks for reading.
NO FINANCIAL ADVICE.
Firstly, I wanted to thank you for all the boosts on our last Solana Analysis, appreciate it!
Solana did pull off an amazing rally in our blue Wave 5 which presumably is finished with that we have our green Wave 1 in. We are looking for a pullback to happen in our green Wave 2 soon.
The Wave 2 support area lies between the 0.382 FIB at 186.19 USD and the 0.786 FIB at 166.34 USD. If the price moves a few dollars higher the Wave 2 support are would just shift slightly up with it.
A break below this support area would indicate a reset of the white Wave 2 in a bigger correction which we deem unlike at this stage. Additionally the move up touched the 0.886 FIB which increases probabilities to take the previous high over the last low.
Thanks for reading.
NO FINANCIAL ADVICE.
Note
Last Analysis which got so many boosts from you <3
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.