Solana has completed the clearest 5 wave move I’ve seen in some time.
After 5th Wave is completed, which seems to be the case - price should be expected to drop back to the level of Wave 4 or .786/.618/.50 of the total move up.
Because Wave 4 and the .618 Fib sit in the same area, I’m expecting price to test this zone ($20-$30).
A more precise target can be uncovered as Wave A of the zig zag defines itself.
Great buying opportunity on the way. By the way, Solana does not follow the mainstream/BTC Wave cycle or price action.
After 5th Wave is completed, which seems to be the case - price should be expected to drop back to the level of Wave 4 or .786/.618/.50 of the total move up.
Because Wave 4 and the .618 Fib sit in the same area, I’m expecting price to test this zone ($20-$30).
A more precise target can be uncovered as Wave A of the zig zag defines itself.
Great buying opportunity on the way. By the way, Solana does not follow the mainstream/BTC Wave cycle or price action.
Note
Wave 5/5 seems to not yet be done, 1.618 of the corrective 4 Wave puts 5 Wave near $330. 100%+ increase in value, not too shabby for a n brilliant newcomer (Solana).Note
Decode the wave, anticipate the move. elliottwavescience.com
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.
Decode the wave, anticipate the move. elliottwavescience.com
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.