SOLANA 1/2 Year Of Consolidation, Is It Time For Upside?
Updated
Hi traders:
SOL has been in a consolation since last year in November, and price has not form into a possible structure that could give us a buy opportunity in near future.
We can see from the previous higher time frame impulse move, price pushed up aggressively, and has now formed into a descending structure.
With a few swing highs and lows, price has slow down its bearish momentum, and possible reversal on the lower time frame
It be nice for the price to consolidate at its current price range, that could lead to a bullish continuation correction on the lower time frame, which can kick off the next bull run here.
Watch for lower time frame development to confirm the buy opportunity in the next few weeks.
thank you
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