Solana - SOL Fractal NO ONE talks about
📉Hi Traders, Investors and Speculators of Charts📈
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave.
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
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SOLUSDT
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave.
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
SOLUSDT Note
Two scenarios I'm envisioning for SOL short term :Trade active
SOL : up 118%. Bearish M-pattern for the SHORT TERM, awaiting higher price levels after correction patiently:Note
Latest Solana update, still following this fractal:
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
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.