🔥 SOL Copying Previous Leg: Huge Move Incoming
As of a few days, Solana has been on the minds of investors again. In my last analysis I said that we're likely making a move towards the all time high soon, which it did just one day later. Unexpected, but a very welcome move nevertheless.
After looking at the chart, I realized that the current leg up from Solana (which started late July) is almost an exact copy of the previous move which started in January 2021.
I've copied the first move and placed it next to the second bullish leg. The same kind of moves are happening at almost the exact same location. See the numbers on the chart.
1) Consolidation happens around the middle in between the first longer consolidation period and the start of the leg.
2) A long consolidation period. This period has ended by a strong break out candle which closes above the previous all time high 3-day close.
Over the last couple of days, we've had an all time high 3-day candle close. The previous move saw a 1-month rally after that break out. If we overlay the previous move with the current, Solana can trade between $450 and $600 within the next couple of weeks.
Happy trading!
After looking at the chart, I realized that the current leg up from Solana (which started late July) is almost an exact copy of the previous move which started in January 2021.
I've copied the first move and placed it next to the second bullish leg. The same kind of moves are happening at almost the exact same location. See the numbers on the chart.
1) Consolidation happens around the middle in between the first longer consolidation period and the start of the leg.
2) A long consolidation period. This period has ended by a strong break out candle which closes above the previous all time high 3-day close.
Over the last couple of days, we've had an all time high 3-day candle close. The previous move saw a 1-month rally after that break out. If we overlay the previous move with the current, Solana can trade between $450 and $600 within the next couple of weeks.
Happy trading!
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