Solana has completed the clearest 5 wave move I’ve seen in some time.
After 5th Wave is completed, which seems to be the case - price should be expected to drop back to the level of Wave 4 or .786/.618/.50 of the total move up.
Because Wave 4 and the .618 Fib sit in the same area, I’m expecting price to test this zone ($20-$30).
A more precise target can be uncovered as Wave A of the zig zag defines itself.
Great buying opportunity on the way. By the way, Solana does not follow the mainstream/BTC Wave cycle or price action.
After 5th Wave is completed, which seems to be the case - price should be expected to drop back to the level of Wave 4 or .786/.618/.50 of the total move up.
Because Wave 4 and the .618 Fib sit in the same area, I’m expecting price to test this zone ($20-$30).
A more precise target can be uncovered as Wave A of the zig zag defines itself.
Great buying opportunity on the way. By the way, Solana does not follow the mainstream/BTC Wave cycle or price action.
Comment:
Wave 5/5 seems to not yet be done, 1.618 of the corrective 4 Wave puts 5 Wave near $330. 100%+ increase in value, not too shabby for a n brilliant newcomer (Solana).
Comment:
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