SOLUSD | The beginning of the bullrun or of the end?
Hi everyone,
First of all, as this new scenario goes up we are surely on our bottom of the wave 2 so much awaited.
In this case, we have corrected the first Solana wave between 0.618 and 0.786 of the Fibonacci retracement , so we can say that we probably have reach our bottom at $80.
However, let's be careful since it is not unlikely that we will correct beyond that to go for the 80% retracement.
To conclude, we can see that bullish signals are starting to show up, which supports our scenario.
However, I believe we have already corrected a lot, which gives us the opportunity, if we do the dollar cost average, to smooth out our entry prices.
We remain focused and above all we remain cautious.
Let's give Solana time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment, thank you !
(This is my own hypothesis and in no way suggests a buy or sell advice.)
First of all, as this new scenario goes up we are surely on our bottom of the wave 2 so much awaited.
In this case, we have corrected the first Solana wave between 0.618 and 0.786 of the Fibonacci retracement , so we can say that we probably have reach our bottom at $80.
However, let's be careful since it is not unlikely that we will correct beyond that to go for the 80% retracement.
To conclude, we can see that bullish signals are starting to show up, which supports our scenario.
However, I believe we have already corrected a lot, which gives us the opportunity, if we do the dollar cost average, to smooth out our entry prices.
We remain focused and above all we remain cautious.
Let's give Solana time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment, thank you !
(This is my own hypothesis and in no way suggests a buy or sell advice.)
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