SOLANA's CORRECTION WAVEHello traders,
This is my analysis on SOLUSD which I think is looking like a correction wave (ABC), kind of like the other altcoins
I have strong objective at the price of 125-127 dollars
It is due to the 123%-127% of Fibonnaci Extention. (confirming the end of a C)
and it will also hit the 23% of retracement of the full ABC correction of our last downtrend
Abcpattern
BITCOIN BEAR AND BULL SCENARIOSBTC breaks the pattern and Major Resistance at $45,500, we can challenge $52,000 and make the right shoulder.
If we do not break local Resistance we retrace to $35,000, lose this we will see local lows of $30,000, $28,805.
This would complete the ABC pattern.
Also worth noting that we are printing a Bear Flag on the Monthly TF, which lines up with the Bearish Divergence on the MACD.
Not Financial Advice.
SPX500USD ABC BULLISH PATTERN SPX500USD has formed an ABC bullish pattern on its hourly chart.
The price is trading the entry level
4176.9.
ABCs patterns are only valid when the price closes above the entry level with a progressive uptrend.
💼EL 4176.9
⚠️SL 4156.1
🎯TP1 4283.6 61.8% ABC
🎯TP2 4316.3 78.6% ABC
🎯
LINKUSDTLINKUSDT appears to be at the bottom of the ABC correction wave. The price is now in the important Fibonacci price areas as well as at the bottom of the channel. If this analysis is correct, the price should climb at least 1.27% of the Fibonacci price of the ABC correction wave. That means up to about $ 80.
BTCUSDTAnother BITCOIN counting wave could be this way. The price is probably at the end of the "abc" correction wave. The pattern, price and time indicate the end of the correction wave, and we also see a divergence in the RSI indicator. According to this wave count, I expect wave C or 3, and this wave usually advances at least as much as 100% of the expanded Fibonacci wave 1 or A.
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We forming in this range 2 times of ABC patten. And that point it's consolidation of the market. So, we would need to know if this zone it's distribution that we could to begin the bear market if Ethereum doesn't support above $1,800 USD. At the moment, what I know it's that Ethereum it's leading to the $1,800 USD price, in that weekly demand zone. And more interesting it's that in the RSI we forming a bearish divergence as the buying force it's weakness in this bullish trend.