Solana Long-Term | Potential Target Set At $98.5 (Bear market)
Ok. Hello.
Let me read the chart for you.
Long-Term Higher Low
We have a higher low long-term, statrting in May 2021 and ending in June 2022.
ABC Correction with -9 count
We have an ABC correction that ends in a -9, a new count starts right after.
Doji
The last candle closed as a Doji which signals indecision.
Coming out of a downtrend, this can mean the downtrend is ending.
Volume
We have the first green week after months of red the same time the -9 Doji comes up. (Signaling a potential upcoming reversal)
Altcoins Market Cycle
8 Months dropping.
8 Months is normally as long as it takes before a strong bullish wave shows up in a bear market.
New Low
After the current rally that's starting now, we are very likely to hit a new low before the consolidation phase that will precede the next Altcoins bull market.
We take out as much as possible and prepare within this wave to survive the last remaining portion of the bear market.
After the bear market comes the bull markets.
The Altcoins will grow together with Bitcoin for years to come, until late 2025.
Namaste.
Let me read the chart for you.
Long-Term Higher Low
We have a higher low long-term, statrting in May 2021 and ending in June 2022.
ABC Correction with -9 count
We have an ABC correction that ends in a -9, a new count starts right after.
Doji
The last candle closed as a Doji which signals indecision.
Coming out of a downtrend, this can mean the downtrend is ending.
Volume
We have the first green week after months of red the same time the -9 Doji comes up. (Signaling a potential upcoming reversal)
Altcoins Market Cycle
8 Months dropping.
8 Months is normally as long as it takes before a strong bullish wave shows up in a bear market.
New Low
After the current rally that's starting now, we are very likely to hit a new low before the consolidation phase that will precede the next Altcoins bull market.
We take out as much as possible and prepare within this wave to survive the last remaining portion of the bear market.
After the bear market comes the bull markets.
The Altcoins will grow together with Bitcoin for years to come, until late 2025.
Namaste.
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