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Cousin_Fat_Fat

1H Solana Long - Elliot Wave/Bull Flag

Long
Solana / Tether (KUCOIN:SOLUSDT)  
Cousin_Fat_Fat Updated   
KUCOIN:SOLUSDT   Solana / Tether
Fibonacci Flag Elliott Wave
8
1
fibonacci flagpattern elliottwaves
SOLUSDT

Solana just put in Waves 1 + 2 in the form of a bull flag.

Wave 1 Impulse, Wave 2 = Zig+Zag + Triangle Correction.

Wave 3 is just starting.

Wave 3 Projection = 1.618 extension of Wave 1 = $20.38

Wave 5 Projection = $24.86 which is also the 50% Fib retracement of the Pre-FTX high to low.

Wave 5 is roughly a 0.618 extension of the projected waves 1-3.

Screenshot Below of Non-Elliot Bull Flag projection.

I've been long since yesterday at around $14.10, my stop is at $13.69.

This seems like a huge move, and it is. But.... it's really just a 50% retracement.



Fat_Fat






Comment:
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Bull Flag
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Bull Flag Projection = 1.272 Fib Extension ~ $19
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Retracement Levels
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Daily MACD Positive + Daily RSI Slight Bull Divergence
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Breaking out of the Wedge
Comment:
Moved stop down to 13.60
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