SOLUSDT- History repeating itself-Moving towards All Time High
https://www.tradingview.com/x/YafasPGK/SOLANA recently posted a high of 2015. Now after retracing about 61.8 fib. level, it is again trying to pass recently posted LH of around 163. It is repeating its historic move of posting All time high 260 on 9th September 2021.
In 2021, after gaining bullish momentum, after making first HL, it reached notable HH level of 215 within 15 days, then it retraced up to 61.8 level in 12 days and made bullish flag pattern. then from 61.8 level retracement, it gained bullish momentum and posted All time high level od 260 in 46 days.
Now, in 2024, it is exactly repeating this cycle. after posting recent HH level of 215, it retrace exactly to 61.8 fib level in 13 days (previously it was 12 days), and is making same bullish flag pattern. From here, if bulls get momentum and history repeats itself as per time cycle theory, the SOLANA can touch all time high level 250-260 within 46 days ( by the end of may)
In 2021, after gaining bullish momentum, after making first HL, it reached notable HH level of 215 within 15 days, then it retraced up to 61.8 level in 12 days and made bullish flag pattern. then from 61.8 level retracement, it gained bullish momentum and posted All time high level od 260 in 46 days.
Now, in 2024, it is exactly repeating this cycle. after posting recent HH level of 215, it retrace exactly to 61.8 fib level in 13 days (previously it was 12 days), and is making same bullish flag pattern. From here, if bulls get momentum and history repeats itself as per time cycle theory, the SOLANA can touch all time high level 250-260 within 46 days ( by the end of may)
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