Morning Update: Solana to head down one last time
To those who follow me...thanks for the feedback last evening. I appreciate there are so many of you willing to spend your valuable time to interact with me as we think about ways to make our group better traders and expand what we all discuss.
------------------------------------------------------------------------------------------------------------------------------
This wave 5 of our ending diagonal, like the previous 4 will be a 3-way move in the form of an abc. Just as a reminder, when SOL bottoms this time we're looking for an explosive rally from red on the day to green. We're looking for continuation in the days afterwards and we need key resistance at $103.59 taken out, then $111. Resistance at $111 is key.
I'm not a market timer but I think this will all be over is days....not a week.
PS: There is a chance this will extend to $96 to finish off wave 4. I don't want to see higher than $98 because then we will be dealing with something else other than an ED. Also, I'm going to gear up to track the SP500 versus other crptyo. The Markets have some influence over risks assets and most of the crypto charts look to be in the similar wave counts. If ay of my followers need me to provide analysis on something as a one-off to help them out let me know via the private chat button.
Best to All,
Chris
------------------------------------------------------------------------------------------------------------------------------
This wave 5 of our ending diagonal, like the previous 4 will be a 3-way move in the form of an abc. Just as a reminder, when SOL bottoms this time we're looking for an explosive rally from red on the day to green. We're looking for continuation in the days afterwards and we need key resistance at $103.59 taken out, then $111. Resistance at $111 is key.
I'm not a market timer but I think this will all be over is days....not a week.
PS: There is a chance this will extend to $96 to finish off wave 4. I don't want to see higher than $98 because then we will be dealing with something else other than an ED. Also, I'm going to gear up to track the SP500 versus other crptyo. The Markets have some influence over risks assets and most of the crypto charts look to be in the similar wave counts. If ay of my followers need me to provide analysis on something as a one-off to help them out let me know via the private chat button.
Best to All,
Chris
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.