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DU09
Sep 10, 2021 8:42 AM

SOL/USD - Time to be careful on Solana! 🙃 

Description

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As you can see from this simple chart, Solana appears to be at the end of wave 5 in a beautiful Elliot Wave structure. Once this structure is completed, expect a correction, maybe an ABC towards our support around $50.

I don't exclude another green week, but this is not the time to buy. This is when you slowly secure profits and sell. The waves are perfect both on USD and BTC pair, so there are no divergences here. Chart is pretty clear.

On daily, MACD is starting to curve down, if we have a bearish cross that is your last signal to exit. Because holding then has no point unless you play the long game.

For now best to be cautious and use your cash for better opportunities. SOL already gave us an amazing rally.

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Comments
beingamira7
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Pretty spot on. I'm thinking the correction has started since BTC is going up.
Although I don't think it will get to 50 despite the correction.
DU09
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@beingamira7, Thanks, we have to see as a BTC pump may be quite bearish for alts.
BreathingAmplitude
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wow pretty spot on with the prediction
DU09
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@BreathingAmplitude, Thanks forgot about this, but yeah, lets see how deep it corrects. :D
Aziz1014
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Thanks Mate for sharing!
jbX11
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Nice! Same thoughts here.. :)
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