🔥 SOL Strong Bounce Off Support: Elliot Wave In The Making?
Around a week ago I made an analysis on SOL. In this analysis I argued that SOL was prone to make a strong move in the near future.
The first target at $170 was reached, but also caused SOL to retrace towards the $150 support that we indicated in the previous analysis.
$150 offered sufficient support and SOL is going up again as of today. This move could potentially be the first wave of a 3-wave bullish Elliot wave chart pattern. The ending location of this move is speculative, but I'm eyeballing the $230 area.
In order to accommodate the Elliot Wave theory, I've moved the two targets to $175 and $200 respectively. Let's see how this move plays out.
Happy trading!
The first target at $170 was reached, but also caused SOL to retrace towards the $150 support that we indicated in the previous analysis.
$150 offered sufficient support and SOL is going up again as of today. This move could potentially be the first wave of a 3-wave bullish Elliot wave chart pattern. The ending location of this move is speculative, but I'm eyeballing the $230 area.
In order to accommodate the Elliot Wave theory, I've moved the two targets to $175 and $200 respectively. Let's see how this move plays out.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.