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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Note

Two scenarios I'm envisioning for SOL short term :

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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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