TheTradersRoom

SOL SOLANA SOLUSD Update Jan 25 2024

Long
COINBASE:SOLUSD   Solana
Sharing Solana update here from TTR:

I havent updated SOL since after I took nice profits on it.
Here is a potential wave 2 setup down, which should bottom around April or May.

It seems that ABC down is in play now, with A being in place on that 23rd Jan low, or it can be printed anytime now, not later than the end of the month or so.

The B wave is expected to hit around the middle of Feb, and the C wave down into the Apr low

- B wave target is 108-116
- C down should bottom at or below 68.50

I will update the bull targets when we are near the C wave low.

Everyone should be making money on all of our crypto updates; just don’t use any leverage and options!!! As the timing is always an issue, the best way is to accumulate when the price is going down at support levels and hold for the rally to begin.

The Traders Room is a Forum Based Trading and Analysis Platform for Frequent/Swing Traders and Long-Term Investors in Different Markets such as Futures, Stocks, Indexes, Metals, Commodities, Forex & Crypto to discuss strategies and share knowledge.
Disclaimer

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.