HEY traders, what's going on today ?!
Since 20 May 2022, when I posted the last analysis for solana It has been declining til now, where that I expected a quick reversal but wasn't successful to rise and decreased again . (more than 50%💰 (1x)short).
So today I'm gonna have another analysis for Sol/usdt on the daily timeframe , as you can see in the Elliot wave prospective after finishing the impulsive wave(12345 ) it started corrective wave (ABC) and has been declining till now, but recently reached a potential support zone , that is already trading through this important PRZ zone , and also some positive divergence have revealed recently , so likely can rise from here , but otherwise it also can form a double bottom pattern then start to rises. but if it loses the recent bottom it can even test the lower support FIBO lvls.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Since 20 May 2022, when I posted the last analysis for solana It has been declining til now, where that I expected a quick reversal but wasn't successful to rise and decreased again . (more than 50%💰 (1x)short).
So today I'm gonna have another analysis for Sol/usdt on the daily timeframe , as you can see in the Elliot wave prospective after finishing the impulsive wave(12345 ) it started corrective wave (ABC) and has been declining till now, but recently reached a potential support zone , that is already trading through this important PRZ zone , and also some positive divergence have revealed recently , so likely can rise from here , but otherwise it also can form a double bottom pattern then start to rises. but if it loses the recent bottom it can even test the lower support FIBO lvls.
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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Related publications
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.