After looking over many charts I've reached the conclusion most things are putting in a top this year and it will likely remain a top for quite a long time (multiple years) - I know many will write off an idea like this and think it's not possible but that's always been the case when it comes to the majority, Time will be my judge.
Many are getting excited again with the prospect of new highs right away - However I think we're in the process of a bull trap and will plunge down to 50k~ levels (maybe even worse) Overall I remain bullish and I expect if this plays out we will get 1 more high after it later in this year.
It's clear to me we have completed 5 waves up - what comes next will be dependent on time - as it says if we can't make a new high before the 10th of April expect this to fall a lot - ( I have this date marked with a vertical line on chart).
If my counts are right it's suggesting we're getting pretty close to topping out before starting a pretty deep correction.
The casino is open so place your bets - Have been steadily accumulating this to be a bag holder or go to the moon....either is fine - I'm of the belief this will be one of the big winners this year in the meme space.... TLDR... long Solana memes and avoid scams
I have 2 counts in play recently (1 is the previous idea) this one is working under the assumption that we might be bull trapping higher before a larger plunge down, If our yellow trend line busts it's probably not going to be this.
Am seeing a possibility here that we may be starting our C wave which should take us to the 52-56k~ range gl.
Correction here is looking to be finishing soon - Yes we can fall more but 58-60k~ should be about it if it comes - Looking forward I'm of the belief we peak later this year somewhere in Nov/Dec around 135k~ gl.
Have plotted what I assume is the most likely scenario going forward here...expecting this to top out late this year in Nov/Dec.
So we're correcting currently and all the noobs are panic selling who recently fomo'd in on extreme greed lol...Moving forward I'm of the belief I have found the best Meme plays in the market here for upside potential - Yes we can correct a bit more and fall lower in the short term but it will be short lived and very trivial to what's coming I believe. Last cycle...
Could be early stages here of a reversal - overall this is starting a wave 3 if my assumptions on the count is correct - should scam hard.
Timelines may not be accurate here but it's pretty safe to assume we top in Nov/Dec this year....targets are based off fibs and count is what I fractally see coming for now.
Plotting this under the assumption that we've just started wave 3 and are correcting the first leg - I know the targets look crazy but they're not as unrealistic as some may think...Remember Doge had 100bil~ in it last cycle and that was on ETH where gas fees cost heaps - the barrier to entry has been removed with Solana meme coins as fees are so low allowing...
Still expecting more now from crypto overall - I think memes as a whole will do very well and the larger ones find a lot of love going forward.
Looks to have finished a wave 1 and we're in the process of correcting which I assume is wave 2 - if the hype continues around this I believe it could do some big numbers this cycle.
Tops probably in...you know what they say high tps low iq - damp it.
Targets derived off fibs - let's see how high this frog can jump.
Targets are derived off fib numbers let's see if this plays out.