Not much to discuss with respect to todays price action.
Overnight Solana declined into the target box and stayed there pretty all day today. Nonetheless we have yet to tag the .618% at $12.47 to test for a bottom. Tonight, or into tomorrow I expect this pattern to complete and resume to the upside.
The upside pathway outlined in the above chart is based on price hitting the .618%. Doing so, and then rallying to breach the $15 level could find this pending upside pattern ultimately reconciling into the low $20's.
Best to all,
Chris
Overnight Solana declined into the target box and stayed there pretty all day today. Nonetheless we have yet to tag the .618% at $12.47 to test for a bottom. Tonight, or into tomorrow I expect this pattern to complete and resume to the upside.
The upside pathway outlined in the above chart is based on price hitting the .618%. Doing so, and then rallying to breach the $15 level could find this pending upside pattern ultimately reconciling into the low $20's.
Best to all,
Chris
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