Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Good day, Guys! This is my first TA on Solana. The Project had started in 2020 but the developers had posting it's potential since 2018 in YouTube. I think this blockchain looks so promising. I already heard about this coin since January 2021 but never posted a TA on this. Because my personal opinion, it looks new and maybe it needs to prove something but I'm wrong. I heard in past months that big institution are heavily making an investment on this blockchain. So, I think, I have to reconsider this coin to be one of my portfolio. Honestly, I concentrated too much on Cardano. Maybe next time, I have to see big picture of those new coins.
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Elliot Wave
As you see in the chart, this coin on the final Wave 5. So, it might be its uptrend will be ending 4 months from now. Most likely to hit the target on October 16, 2021 at Fibonacci 0.786 or $ 465.2950. The most important support level hold is at $ 55.9150. Those trendlines and Fibonacci may acts as resistance as price go up. In case of an extended rally of Wave 5, the price target is 1.000 Fibonacci at a price of $ 1,093.9750. If the top of this rally determined at 0.786 or 1.000 Fibonacci, may be we talk on larger Wave 2 as larger Wave 1 had been completed.
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Sorry, no individual timeframes analysis on this publication. Only the Elliot Wave counts.
____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Good day, Guys! This is my first TA on Solana. The Project had started in 2020 but the developers had posting it's potential since 2018 in YouTube. I think this blockchain looks so promising. I already heard about this coin since January 2021 but never posted a TA on this. Because my personal opinion, it looks new and maybe it needs to prove something but I'm wrong. I heard in past months that big institution are heavily making an investment on this blockchain. So, I think, I have to reconsider this coin to be one of my portfolio. Honestly, I concentrated too much on Cardano. Maybe next time, I have to see big picture of those new coins.
_____
Elliot Wave
As you see in the chart, this coin on the final Wave 5. So, it might be its uptrend will be ending 4 months from now. Most likely to hit the target on October 16, 2021 at Fibonacci 0.786 or $ 465.2950. The most important support level hold is at $ 55.9150. Those trendlines and Fibonacci may acts as resistance as price go up. In case of an extended rally of Wave 5, the price target is 1.000 Fibonacci at a price of $ 1,093.9750. If the top of this rally determined at 0.786 or 1.000 Fibonacci, may be we talk on larger Wave 2 as larger Wave 1 had been completed.
Sorry, no individual timeframes analysis on this publication. Only the Elliot Wave counts.
____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
