Solana, Ascending-Channel, Potential Flag, Important Levels!

Hi,

Welcome to this analysis about Solana, we are looking at the 4-hour timeframe perspectives. Since the serious bearish breakdowns Solana managed to back-up and test previously established resistance besides that I discovered this main ascending-channel-formation Solana has developed in the structure with the coherent wave-count within and the waves A to B already completed. Now Solana is about to form the main wave C in the structure that will run directly into the upper resistance-cluster marked in red from where a pullback is likely to follow up. The crucial part will come then with Solana either holding the channel-boundary and building up on it or moving below which will complete the channel as a bear-flag. For now it will be important to elevate on how Solana moves on further in the channel however in any case the bearish perspectives should not be underestimated here.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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