Long

#SOL Continuing the analysis of the previous post

Updated

Considering that this currency is the favorite of many enthusiasts, I decided to share the possible Elliott scenario with you so that you have a better view of investing in this currency. In the last part of the movement of this currency in time H4, a complete cycle has been completed, and this last correction is a double zigzag correction. Therefore, this corrective movement can be planned in the form of a three-wave or wave 4, which can at least move up to its minor ceiling. Its classic pattern type is also the flag view.. So if it does not enter the wave range of a specified range, it can at least retest the minor ceiling.
pay attention:
Penetration into the range of wave 1 or overlap analysis will be invalidated

Note

As you can see, a complex triple correction has occurred. The last wave is also 100% after the correction, which can be the end of the correction. Therefore, if the confirmation of the return of the process occurs and according to the scenario, this correction should be the last. Now, in order to confirm the return of the process, it must be removed from the channel.
For now, we have to wait for the return confirmation.

Note

Wave 1 overlapped. So refer to the post below

#SOL Waiting for confirmation downward trend

alikze

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#SOL

by alikze

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