SOL / TetherUSShort
Major Correction before trying to overtake ETH?
This time, we’re looking at the Solarna chart. As you can see, we have a very large overarching yellow structure, and our interim breakout was stopped at the resistance line. On the right, I’ve included an image from a smaller timeframe, and as you can see, we’re currently managing to position ourselves within the reversal zone, also known as the XY level, in a turquoise structure.
I strongly believe this level will push us down into the target levels. Within these target levels lies our overarching yellow XY level. This marks a very attractive area where Solarna has a good chance to regain strength, complete the sequence to the upside, and aim for the $300 mark.
Will this be enough to dethrone Ethereum? Only time will tell.
I strongly believe this level will push us down into the target levels. Within these target levels lies our overarching yellow XY level. This marks a very attractive area where Solarna has a good chance to regain strength, complete the sequence to the upside, and aim for the $300 mark.
Will this be enough to dethrone Ethereum? Only time will tell.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial advice—just my perspective. Don't follow blindly; always do your own research.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial advice—just my perspective. Don't follow blindly; always do your own research.
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