Hello, Skyrexians!
SOLUSDT is the best altcoin of 2023-2024 years because it made 30x from the bottom even on the fake bull run in crypto. This bull run was fake because the true bull run is possible only on DXY dump, but this time Bitcoin and Solana has been growing parallel with the Dollar Currency Index. These assets absorbed all liquidity of the crypto market and on the true bull run it will give it back.
The technical picture is very ugly. Recently we pointed out that Solana has completed the 5 waves cycle and now it's printing ABC correction. Wave A now is in progress and it consists of 5 waves as well. Looking at AO and Fibonacci we can conclude that now asset is finishing the wave 5 which has a target at $110. There we need to see green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] From there we expect bounce to $200 in the wave B and after that the bear market continuation to targets somewhere below $100.
Best regards,
Skyrexio Team
___________________________________________________________
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SOLUSDT is the best altcoin of 2023-2024 years because it made 30x from the bottom even on the fake bull run in crypto. This bull run was fake because the true bull run is possible only on DXY dump, but this time Bitcoin and Solana has been growing parallel with the Dollar Currency Index. These assets absorbed all liquidity of the crypto market and on the true bull run it will give it back.The technical picture is very ugly. Recently we pointed out that Solana has completed the 5 waves cycle and now it's printing ABC correction. Wave A now is in progress and it consists of 5 waves as well. Looking at AO and Fibonacci we can conclude that now asset is finishing the wave 5 which has a target at $110. There we need to see green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] From there we expect bounce to $200 in the wave B and after that the bear market continuation to targets somewhere below $100.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.