I had some requests to update my Solana Count.
We have topped in our wave 1 as I now have a full pattern and retracing our c wave down in wave 2. To repeat, wave 2's can be deep or shallow so there's a large ideal wave 2 bottoming area. I do want to point out that our b of 2 did make a slightly higher high which could portend a flat for c of 2...so it is possible that wave 2 bottoms in the area of the low $22 range as a flat.
If my count is correct this retracement will present a major buying opportunity and to be frank, THE LAST. The reality is in the above count once price breaches the $27 level, we may head really fast into the $40's.
Think of this retrace as a "Sale on Solana".
Best to all,
Chris
IMPORTANT NOTE:
SOMETIME BETWEEN MID AND END OF FEBRUARY I WILL ONLY BE POSTING ONCE PER WEEK HERE ON TRADING VIEW. AFTER I WILL ONLY BE DOING WEEKEND UPDATES. THE MORNING, EVENING AND SPECIAL UPDATES YOU HAVE RECEIVED IN THE PAST WILL NO LONGER HAPPEN. AS I GET CLOSER TO CHANGING MY POSTING SCHEDULE ON TRADINGVIEW.COM I WILL UPDATE MY FOLLOWERS HERE.
We have topped in our wave 1 as I now have a full pattern and retracing our c wave down in wave 2. To repeat, wave 2's can be deep or shallow so there's a large ideal wave 2 bottoming area. I do want to point out that our b of 2 did make a slightly higher high which could portend a flat for c of 2...so it is possible that wave 2 bottoms in the area of the low $22 range as a flat.
If my count is correct this retracement will present a major buying opportunity and to be frank, THE LAST. The reality is in the above count once price breaches the $27 level, we may head really fast into the $40's.
Think of this retrace as a "Sale on Solana".
Best to all,
Chris
IMPORTANT NOTE:
SOMETIME BETWEEN MID AND END OF FEBRUARY I WILL ONLY BE POSTING ONCE PER WEEK HERE ON TRADING VIEW. AFTER I WILL ONLY BE DOING WEEKEND UPDATES. THE MORNING, EVENING AND SPECIAL UPDATES YOU HAVE RECEIVED IN THE PAST WILL NO LONGER HAPPEN. AS I GET CLOSER TO CHANGING MY POSTING SCHEDULE ON TRADINGVIEW.COM I WILL UPDATE MY FOLLOWERS HERE.
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