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maikisch
Nov 29, 2022 2:06 PM

Morning Update: Still expecting at least $12.47 for Solana 

SOL / US DollarBinance

Description

In examining the pattern, this is still impulsive down in c of 2 but this minor wave 4 is getting long in the tooth so to speak...so as I am still looking for a push down to $12.47 into the .618%.

Main reason why I'm expecting this to reconcile lower is the pattern off the $12.78 low...very overlapping.

Rather than get ahead of ourselves...Let's see what clues we get today.

Best to all,

Chris
Comments
Mendenmein-Capital
Very well done chart, as always!

Ethereum managed to break out of it's downtrend - atleast on the 15MIN - 1H timeframe...
I have very interesting counts on ethereum - will you update them too in the next days?

I have the same count on solana, except that i think solana could start it's wave 3 without establishing another low under 12.78$

Mendenmein-Capital
@Mendenmein-Capital, This is my ethereum micro-count, maybe you have the same?

(The market is moving very fast - the count can change very quick...)

moneyflow_trader
my AD is in align w/ your $20 target. Nice analysis
gutenmorgenside
Good chart as always, I had to smile at the ADA chart comments, their 'community' routinely troll other crypto sites.
maikisch
@gutenmorgenside, LOL....you know I didn't know that. Thanks G
SwallowPremium
Very quality chart, thanks for your amazing job!!
maikisch
@SwallowPremium, Thanks SP
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