SolanaShort
Solana in Weekly chart
No one can confidently prospect the end of a correction but we can expect its existence. After a long time rally it make sense to see an appreciable correction of SOL. What I am seeing in this chart is the weakness of trend and we should wait to see what pattern it makes for wave II. There are 2 scenarios for wave 5 Primary.
In scenario 1, wave 5 Primary was finished in Jan 13 and we are in the wave a of II
or
We will see am ending diagonal that takes longer time which is not as possible as scenario one.
I expect a considerable correction for wave II, at least down to the level of wave 4 Primary or even down to wave (4) intermediate.
Thanks
In scenario 1, wave 5 Primary was finished in Jan 13 and we are in the wave a of II
or
We will see am ending diagonal that takes longer time which is not as possible as scenario one.
I expect a considerable correction for wave II, at least down to the level of wave 4 Primary or even down to wave (4) intermediate.
Thanks
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.