Solana - SOL Fractal NO ONE talks about
📉Hi Traders, Investors and Speculators of Charts📈
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave.
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
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CryptoCheck
SOLUSDT
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave.
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
SOLUSDT
Comment:
Two scenarios I'm envisioning for SOL short term :
Trade active:
SOL : up 118%. Bearish M-pattern for the SHORT TERM, awaiting higher price levels after correction patiently:
Comment:
Latest Solana update, still following this fractal:
