I have several DM's to update my followers on Solana...so here it is.
Solana is now consolidating below it's recent high of $26.55 in what I'm counting as it's wave ii of 3. The range for this wave ii can be as deep as $18.41. However price cannot breach $15.24 which is where I'm counting the start of wave i. I mention that only to provide context. I do not post every day on Solana, and other crypto currencies I track because, Unlike the SP500 futures, the patterns don't warrant daily updates. Judging by the chart above I will post again if price breaks out, or threatens my count by approaching the $15.24 area. Nonetheless, I expect the next time price breaches $26.55 it will take off as we will be in a wave 3.
Wave 3's are noticeable. They are the strongest portion of an impulsive wave. Therefore above $26.55 I do not anticipate price hanging out and just meandering. I expect the "Boom"!
Wave 3 should conclude the range of $45.38 to as high as $54.65 is extending. Funny, when I just wrote the number $54.65 I realize with 7,000 SOL down in the $12 average price area...that's a nice chunk of change. But rather than get ahead of myself...lets focus on the immediate pattern and allow price to continue to prove the count is correct as we progress through this impulsive rally.
Best to all,
Chris
Solana is now consolidating below it's recent high of $26.55 in what I'm counting as it's wave ii of 3. The range for this wave ii can be as deep as $18.41. However price cannot breach $15.24 which is where I'm counting the start of wave i. I mention that only to provide context. I do not post every day on Solana, and other crypto currencies I track because, Unlike the SP500 futures, the patterns don't warrant daily updates. Judging by the chart above I will post again if price breaks out, or threatens my count by approaching the $15.24 area. Nonetheless, I expect the next time price breaches $26.55 it will take off as we will be in a wave 3.
Wave 3's are noticeable. They are the strongest portion of an impulsive wave. Therefore above $26.55 I do not anticipate price hanging out and just meandering. I expect the "Boom"!
Wave 3 should conclude the range of $45.38 to as high as $54.65 is extending. Funny, when I just wrote the number $54.65 I realize with 7,000 SOL down in the $12 average price area...that's a nice chunk of change. But rather than get ahead of myself...lets focus on the immediate pattern and allow price to continue to prove the count is correct as we progress through this impulsive rally.
Best to all,
Chris
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