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 wave given the long and deep wave 2 we had.
My fear is we will loose the impulsive structure that started on February 24th. By tomorrow we should have more signs of Solana's intention.
Best to all.
Chris
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 wave given the long and deep wave 2 we had.
My fear is we will loose the impulsive structure that started on February 24th. By tomorrow we should have more signs of Solana's intention.
Best to all.
Chris
Comment:
That should be all we get of wave 5 of 1 of the Leading Diagonal....we should decline from here. How we decline will be crucial to what comes next.
Comment:
Target Reached.
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