SOL Solana appears to have completed an Elliot wave diagonal pattern with a series of ABCs.Falling below the trend line and 200EMA would confirm this and bring up a first target of $140 at the High Volume Node and 0.5 Fibonacci retracement.
Daily RSI has had bearish divergence for a while. The 'alt-coin golden pocket' 0.786 sits at the wave 2 bottom around $119 which would be a buy for me if price gets down that far.
Safe trading.
PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
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Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
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PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Related publications
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.