SOL - I'd estimate SOL's correction being done to about 70%. Although there is still some space for it to correct, We are in divergence territory on many daily momentum indicators (MTF, Histo, RSI, ROC). I'm counting the subwaves in the final wave down and I think we're about to see a significant bounce. It looks like we're in the final wave of the C (ABC ZigZag), looking to complete 5 which looks to be making a diagonal so far. There is some sort of support (from previous s/r) in the current range. A dip below 30$ is not out of the question, which would allow SOL to kiss the 90% fib level.
Safe trades to all.
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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.