📈Today, I want to analyze the Solana(SOL) project for you. Is it possible to create a New All-Time High(ATH) or not❗️❓
🤝Please be with me.
❌Solana(SOL) was unsuccessful in the first Attack on the 🔴Resistance zone($259.9-$196.40)🔴 to create a new All-Time High(ATH).
🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave 3 at the Resistance zone and is currently completing the main wave 4.
💡Before the result, let's look at the SOLBTC chart.
💡SOLBTC is moving near the Resistance line and Potential Reversal Zone(PRZ). I expect SOLBTC to fall at least to the Support line, and if SOLUSDT is also bearish, the downward momentum can increase.👇
🔔I expect the main wave 4 to finish at the 🟡Potential Reversal Zone(PRZ)🟡 or 🟢Support zone($82.00-$56.10)🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🤝Please be with me.
❌Solana(SOL) was unsuccessful in the first Attack on the 🔴Resistance zone($259.9-$196.40)🔴 to create a new All-Time High(ATH).
🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave 3 at the Resistance zone and is currently completing the main wave 4.
💡Before the result, let's look at the SOLBTC chart.
💡SOLBTC is moving near the Resistance line and Potential Reversal Zone(PRZ). I expect SOLBTC to fall at least to the Support line, and if SOLUSDT is also bearish, the downward momentum can increase.👇
🔔I expect the main wave 4 to finish at the 🟡Potential Reversal Zone(PRZ)🟡 or 🟢Support zone($82.00-$56.10)🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Solana Analyze ( SOLUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment:
The break of the Rising Wedge Pattern's lower line can be a sign of a further fall of Solana.
Comment:
If SOL goes above $157.3, it is more likely to rise.
But I still expect SOL to drop.
But I still expect SOL to drop.
Trade closed: target reached:
✅SOL was able to move as I expected ✅
I closed my position, and if I find another trigger, I will open a Short position.
✅SOL was able to move as I expected ✅
I closed my position, and if I find another trigger, I will open a Short position.
Trade active:
I opened another position
Comment:
I think the SOL is starting to fall again from one of the 🟡PRZs🟡. The first target is the 🟢support zone🟢.
