The last hours have been pretty crazy even for us, but as of now we have absolutely no reason to panic.
We have been calling this for WEEKS, in our last analysis we highlighted the importance of our buyzone and the possibility that this zone will be reached in the future. BOOM, here it is.
For everybody new on our channel, see our latest Solana update below:
In the last hours we perfectly hit the 1.618 Extension (orange) which is the most optimal target for wave C movements. More experienced Elliot wave traders should instantly know that this pattern looks a lot like an expanded flat. (Waves consisting of 3-3-5) We already slightly retraced back from this level and this gives us reason to be very optimistic! But remember that it's still possible that we push even lower from here, pretty much of this depends on how bitcoin behaves in the next hours and how the US Market will open.
Nevertheless, Solana has a LOT of work to do and should push higher tremendously in the next hours in order to confirm our thesis, that this was indeed the bottom of wave (ii).
Please note that we are already invested in Solana since the 20th of June and 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Solana (SOLUSD)
AVERAGE EXECUTION PRICE: 29.80$
STOP-LOSS: NONE
LONGERM Target: +445$
Long #2 Solana ( SOLUSD )
AVERAGE EXECUTION PRICE: 21.68$
STOP-LOSS: NONE
LONG TERM TARGET: +250$ and more
We have been calling this for WEEKS, in our last analysis we highlighted the importance of our buyzone and the possibility that this zone will be reached in the future. BOOM, here it is.
For everybody new on our channel, see our latest Solana update below:
In the last hours we perfectly hit the 1.618 Extension (orange) which is the most optimal target for wave C movements. More experienced Elliot wave traders should instantly know that this pattern looks a lot like an expanded flat. (Waves consisting of 3-3-5) We already slightly retraced back from this level and this gives us reason to be very optimistic! But remember that it's still possible that we push even lower from here, pretty much of this depends on how bitcoin behaves in the next hours and how the US Market will open.
Nevertheless, Solana has a LOT of work to do and should push higher tremendously in the next hours in order to confirm our thesis, that this was indeed the bottom of wave (ii).
Please note that we are already invested in Solana since the 20th of June and 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Solana (SOLUSD)
AVERAGE EXECUTION PRICE: 29.80$
STOP-LOSS: NONE
LONGERM Target: +445$
Long #2 Solana ( SOLUSD )
AVERAGE EXECUTION PRICE: 21.68$
STOP-LOSS: NONE
LONG TERM TARGET: +250$ and more
تعليق:
Volume is looking good, the buyers are coming back...
Solana has been trading sideways for weeks, and today we have the first real chance to break out of this trend. This week is going to be interesting, I would be pleased if we break above 27$ until next Sunday.
Have a nice week, greetings from Switzerland!
Solana has been trading sideways for weeks, and today we have the first real chance to break out of this trend. This week is going to be interesting, I would be pleased if we break above 27$ until next Sunday.
Have a nice week, greetings from Switzerland!
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
As we estimated, the 1.618 extension couldn't be beaten and since then the price surged by more than +40%, shoutout to everyone who followed this analysis.
It's absolutely crucial that we massively surge in the next days, the price shouldn't consolidate or decline in order to confirm our wave (iii)
.... and it's time for coffee, great Monday morning to you guys....
(Scene from Avatar 1 - Miles Quaritch)