Clarifying Solana's Path
Hey friends,
I always try to stay away from any specific news or events and focus solely on clarifying my path using Elliott Waves.
After spending some time analyzing Solana's chart, here's what I've found:
Solana has recently completed its fourth wave and has started forming its fifth wave. In the image, there's a clear parallel channel that I've explained.
The question is: What happens now? ☝️
There are two possibilities:
1. All five waves have formed correctly and completely.
2. The fifth wave is not complete and is still forming.
Let's examine both scenarios 🙌🏽. I'm approaching this with an unbiased perspective.
If the first scenario is correct and the five waves are complete, we are now in wave a, which could present good selling opportunities. If the second scenario is true, we are now in wave 2 of the five waves, which could present good buying opportunities.
But how can we determine which scenario will play out? I'd love to hear your thoughts, whatever they may be.
Your friend, Rabbit❤️
I always try to stay away from any specific news or events and focus solely on clarifying my path using Elliott Waves.
After spending some time analyzing Solana's chart, here's what I've found:
Solana has recently completed its fourth wave and has started forming its fifth wave. In the image, there's a clear parallel channel that I've explained.
The question is: What happens now? ☝️
There are two possibilities:
1. All five waves have formed correctly and completely.
2. The fifth wave is not complete and is still forming.
Let's examine both scenarios 🙌🏽. I'm approaching this with an unbiased perspective.
If the first scenario is correct and the five waves are complete, we are now in wave a, which could present good selling opportunities. If the second scenario is true, we are now in wave 2 of the five waves, which could present good buying opportunities.
But how can we determine which scenario will play out? I'd love to hear your thoughts, whatever they may be.
Your friend, Rabbit❤️
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.