Sina-TFX

SOLUSD Trend and Wave analysis (Wave Elliot + Divergence)

Short
FTX:SOLUSD   Solana
Big drop in prices on cryptocurrencies.
It is in the C wave and initially the price fall with the Elliott wave. In this analysis, it seems that the price will move down. The Stop loss and Take profit are marked on the price chart.
The price trend is down and there is a divergence in the charts. In many cryptocurrencies, the price growth seems to be over.
The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement.
This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention to the Take profit and Stop loss. Cryptos show emotional and unforeseen price behavior.
I use Elliott and Price Action in my analysis, and my analysis is based on that. The structure of the Elliott wave count is complex and different patterns are formed in the chart, so there is a possibility of a change in the price movement of the price.
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