maikisch

maikisch

We have a 1-2, i-ii in place and we're ready to explode to 1.382 or 1.618 Fib Level for wave 3. We need to stay above the recent low of $98.405 and if we do tonight, we should have a big up day tomorrow. -------------------------------------------------------------------------------------------------------- If you find my Solana analysis helpful please give...

maikisch

Today's micro 5 wave structure was far bigger than expected as was the pullback from that rally. Provided we DO NOT take out the afternoon low, and we now trade above this morning's high of $109.295 we should be headed to the purple target area on the chart above. A breach of the afternoon low should yield a minor new low to red target box. On concern is...

maikisch

Now we're looking for a corrective retrace down into the $101-$103 area followed by a rally back over this morning's high. Will Update later on this evening. -------------------------------------------------------------------------------------------------------- If you find my Solana analysis helpful please give this posting a thumbs up or follow me to ensure...

maikisch

The attached chart would be the typical pathway I would expect if Solana is reversing. It's early to forecast so today should give us some good clues. The first price Solana needs to get back above is $109, then $123 on an explosive rally. This could take up to a week or more. Timing is a guess. The manner (Wave Structure) in which we do this will be watched...

maikisch

As forecasted, I got the OML I mentioned in my last several posts. This decline appears to show clear signs it's concluding....or at least has run it's short term course. Last week I posted an article entitled " Solana, why can't you just cooperate and play nice? that stated... [b ]" That would mean our retrace from the $259.995 high on November 6, 2021 is...

maikisch

I'll do a more in-depth update tonight. But a quick glance at the Solana chart has me thinking this is almost over.

maikisch

An overlapping 3 wave decline is what we want to see. Personally it's 50/50.

maikisch Updated 

This slight up-trending consolidation we have in Solana could go two ways. The attached 15 minute chart shows price could be in a leading diagonal to kick things off to the upside, or one more low to reconcile itself later on this evening. I favor the alternative of OML. Nonetheless, this retrace from $143 is getting long in the tooth so to speak to be a 4th...

maikisch

When applying EWT to charts one spends a lot of time looking at structure, technicals and chart labels. It's not uncommon for analysts to re-label or reorganize their charts due to unanticipated price movements or just a change in perspective. No, I'm not going to go into how I've come to adopt a new EW count on Solana. However, in looking at the chart...

maikisch

Overnight Solana traded marginally above the $122 area. I can make out 5 waves up and a corrective 3 waves down. Price now needs to make a higher high on an explosive rally that should reach over at least $133 as outlined in the attached chart. This structure has us pointing to a double top or the $152 area. Any breach of $114 and we're probably going to tag...

maikisch

Today gave us a small glimmer of hope towards the EOD. This chart looks much more defined in the 3 minute timeframe, but I can not seem to post any chart less than 15 minutes so here it is. I can count a micro 5 wave structure off today's low. What needs to happen next is outlined on the chart in arrows. A 3 wave corrective decline without breaching todays low...

maikisch

Today, Solana revealed where we are within our wave structure off the February 24th Bottom. Let me explain. If our wave 3 was going to extend into the next Fib level (2.0 at $155.2225 on the chart) we would have stayed above the 1.236 Fib Level since wave 3 extended past the traditional Fib Level of 1.618 for wave 3 tops. It didn't so we must assume the count...

maikisch

Before I begin this Solana chart update, let me encourage you to check out my previous update "Solana to $150 plus?" In it I list an (ALT) Alternative Count that has Solana completing its 5th wave of the larger 1 with it's next high. Although it's impossible at this juncture to say definitely that this is what will occur, the likely hood is growing each...

maikisch

Let's hold our horses. A breach of $125.86 points to $119 ish. This is now looking more likely than yesterday when I posted. If so, load up....because I expect at Least a breach of $150 afterwards. Patience. 4th Waves are meant to frustrate.

maikisch

It appears we may be over with minor wave iv and $125 ish is all we get. I can now count a micro 5 wave structure off that low. If we can retrace correctively to $128 overnight and may be take out the micro high of $133 ish then we may be on our way to $159.

maikisch

Is $159 next for Solana, or higher? As we complete wave iv of 3 of the larger 1, we have to be on our toes. While I believe we still need a larger 4th and 5th wave up to $171-$195 region... with this pending more high into $159, one can structurally argue we will have a 5 wave pattern in place. Let me explain: RN Elliott explained the basic concept of...

maikisch

Will Solana Make New Highs by Year's End? If we can get this wave "i" and "ii" in and price then breaches wave "i" high I would say it's more than reasonable to conclude that the answer to that question is YES. The attached daily chart outlines the most reasonable pathway under those circumstances. Solana's price still has much to prove before we can conclude...

maikisch

It appears we may (emphasis on may) get a pause in the SOL rally. We need a beach of $133 to even begin to think wave iv has started.