Since the light green wave 2’s low at $133.18, Solana has been working on wave 3, which should develop via a green five-wave substructure. Currently, the internal wave [ii] correction should still be in progress, as no significant upward impulses have emerged thus far. Accordingly, we anticipate further declines, but the price should transition into the subsequent green wave [iii] above the support at $133.18. If the coin falls below this key level, our 30% likely alternative wave count will come into play. On the other hand, Solana has already tested important levels during wave [ii], so we cannot rule out an immediate rally above the resistance at $264.32.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.