Solanausd
Long SolDespite the very low descending slope, but instead of a sharp upward slope in the previous wave, I expect the end of the fall and the return of the trend from this point, considering that the divergence has also been confirmed! I hold my position until the sun | Attention! This is a weekly analysis
Solana Analyze (Short Term)!!!😉Solana is on the last wave of its Zigzag Correction. The Structure of the main wave C can be Ending Expanding Diagonal. The end of microwave 4 of main wave C can make Bullish Gartley Harmonic Pattern. The end of microwave 4 can be around 39.3$ until 39$. Also, I tried to show you the end of main wave C (Zone) in my chart.
Solana Analyze ( SOLUSDT ) Timeframe 15min⏰ (Log Scale)
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SOLANA is now in for an ABC correction. Close to bottom!SOLANA is finishing up its overall correction pattern, currently in a downward (corrective) wave (v) which has already its proper 1,2,3,4,5 in place (impulsive) and is currently in the subsequent ABC correction phase which "should" bring the price in the $35.33 "ish" zone.
As long as this set up is maintained (and we all know how changing this environment is!) possible alternatives in my opinion are:
SOLANA already hit its low @ 35.75 and will not go lower than that level,
SOLANA will hit its low peak somewhere between $35.75 and 35.33 and then initiate the long trip to recovery, and
SOLANA is still in for yet another lowest low, perhaps even in the $30 zone (less likely but technically possible, in the $20 zone) and ONLY THEN, initiate its way back.
What to look for?
watch $40 level and $35.75 level, both crucial in determining the trend and mood (with a close eye on "Father Bitcoin") ;)
Solana (SOL) formed bullish Gartley for upto 1047% huge moveHi dear friends, hope you are well and welcome to the new trade setup of Solana (SOL) coin.
On a monthly time frame chart, SOL has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SOLANA - Elliott Wave IdeaSolana looks pretty easy to chart in terms of Elliott Wave, there are some very clear and easy to identify wave cycles.
For me it looks like Solana has one last small leg down to the $19-$20 area to complete a WXYXZ corrective leg; after that we should see a nice push upwards.
AT CryptoScan: SOLANA PotentialJust looked into Solana and can’t help but notice a triangle formation. The recent crypto rout dislodged it out the bottom of the triangle, and it appears to have popped back in. Noted that typical failures of pattern failures indicates the direct opposite; for this case, exit and Dee try into the triangle at the bottom suggests that it should find the exit of the opposing side (a break out).
MACD is supportive of a recovery post-reen try into the triangle; and this comes in the form of a bullish divergence observation. What needs to happen is no further breakdown (and instead recovery) for the next 14 hours to the close of the weekly candle.
SOLANABull flag on weekly, but I have my doubts this breaks out unless entire crypto market pivots. Could be merely a technical bounce here both on previous top from last May + bottom of weekly descending wedge. There's decent r/r on a bounce attempt for $100 which is a psychological level as well as where there was indecision (doji) 3 weeks ago.
Scenarios I see from here...
(a) Short term bounce back towards $100 + attempt at breaking wedge
(b) Wedge breakout + $140 test
(c) Chop + markets get bloodier over the next 2-3 weeks and we get some acceleration to the downside, in which we could get some serious capitulation where I'd be a buyer around $20-30 if it hits (flexibile with this)
(d) More blood ASAP, free fall
I think the most likely scenario is to be (c) but there could definitely be a short-lived bull rally, which I would not personally trust continues higher, rather fades and tests the lows here again. I have no position, and am open to any possibility. Just mapping out my thoughts and breakdown here.