SLNH — Bullish Alternative Scenario📈 (Near-Term | Long-Term)The rising price action since early April appears to be unfolding within a Leading Diagonal, potentially forming Intermediate Wave (1).
This early-stage structure suggests a broader bullish shift may be underway, with the diagonal laying the groundwork for a sustained impulsive advance in Intermediate Wave (3). Under this scenario, the entire development likely represents only the beginning of a larger upward trend in the Primary degree.
Minor Wave 3 may peak with a projected +45% gain. Should the pattern confirm, Minor Wave 5 would extend the trend with a potential +300% impulsive advance, beginning as early as mid-November.
The projected target for the completion of Intermediate Wave (1) lies near $6.66🎯.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.