Solana's Correction Ending (50% to 100%+ Target at $53/$70 Next)
SOLUSD is now challenging EMA21 after closing above EMA10 as we see a rise in buyers.
The impulse move started 13-June and peaked at 66% of growth.
A 28% correctoin followed that ended below the 0.618 Fib. retracement level of the bullish wave that started in mid-June.
As soon as this level was hit, we see buyers coming in.
If the low just hit is the 2 wave of a bullish impulse, the 3rd wave can push prices to $53 or even higher to $70+.
Conditions for change
If prices fall and close below $30 this analysis is invalidated.
Thanks a lot for your support.
Namaste.
The impulse move started 13-June and peaked at 66% of growth.
A 28% correctoin followed that ended below the 0.618 Fib. retracement level of the bullish wave that started in mid-June.
As soon as this level was hit, we see buyers coming in.
If the low just hit is the 2 wave of a bullish impulse, the 3rd wave can push prices to $53 or even higher to $70+.
Conditions for change
If prices fall and close below $30 this analysis is invalidated.
Thanks a lot for your support.
Namaste.
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