I don't think I even need to label this - here's a picture instead to compare
I'm really hoping it doesn't play out this way, I would much prefer the accumulation and the bullish scenario, I think we all would. The thing that concerns me though is that the measured move from the high we just put in perfectly lines up with the bullish weekly OB and the monthly FVG, so stay on guard here and be careful
Nice Local Accumulation going on here, likely target is the high at $102.59
Here's what I'm seeing on SOL right now for the bullish case $167.67 Weekly FVG lines up with the 1.618 from Waves 1 + 3 and happens to land right on a very macro fib time
This is the other scenario I'm watching today over the next few hours - this could turn into a re-distribution. Obviously I would prefer if it went ahead with the accumulation but we may need to come down lower before we see a real spring
Looks to me like we're setting up the beginning stages of a distribution, or a re-accumulation. Here's the next couple steps. I'll update once we see how they shake out and let you know where I think it's headed next
or... We continue up into this daily supply for the SOS on this larger accumulation
Now there's 2 possibilies I see from here. We either SFP this local SOS high and re-distribute, or.... (See related)
I think this is the best case scenario for Solana right now on a larger time frame. It's worth noting that I'm not totally confident that it's going to play out this way, however it's worth noting these levels anyway because they will be significant eventually regardless Check out my other posts for all of the potential scenarios I could see playing out
This is one of the possibilities that I like the most right now - C wave of the correction into the GP of the whole 5 wave impulsive structure, also the SOW on the distribution or re-accumulation (we'll see which one soon)
This one is the more bullish of the two because the AR would bring us up into the 170s before crashing back down. Again though I'm just messing around with the major macro fib time and some macro Wyckoff possibilities on this one
I'm kind of just messing around on this one with the major macro fib time - I think we all would prefer that it just kept pumping and we had a bull run but from a Wyckoff point of view that just wouldn't make sense. Be careful here
If no anomaly occurs and bullish sentiment along with constant new developments on Solana chain continues, this current idea should stand, and will be my entries Entry 1:98.4 - long (After break above 4hour retracement high. Anticipate price to finally break the daily resistance. However, will secure partial profits at the resistance, and let runners run to 108...
🏃♂️Solana is moving near the Support line right now. 🌊According to the theory of Elliott waves , Solana seems to be in corrective waves in the 4-hour time frame . 🌊The structure of correction waves is Triple Three Correction(WXYXZ) . 🔔I expect Solana to fall to the 🟢 Support zone($82.00-$75.20) 🟢 after breaking the Support line . ❗️⚠️Note⚠️❗️: An...
Potencial Bullish Power of Three (PO3) Take your risk, make some profit.
A bull flag formation is evident in SOL/USDT. I'm watching for a breakout, and if today's daily candle closes above $96.30, the next target could be $102. Keep an eye on it.
The Sol/USDT pair is currently exhibiting signs of price accumulation within a defined zone. Based on my analysis, there are indications of a significant upward movement in the near future. Specifically, the 8-hour time frame appears strongly bullish, suggesting a potential rise of 25-40% for Solana's price in the coming days. Please note that the information...
BINANCE:SOLUSDT.P 1D TF in uptrend, pulled back and took 4h liquidity then market shifted to the upside quiet nicely.