Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
link to private chart:
Since solana is a new coin it is a bit harder to track. If you look at the private chart, this chart is the same, except I added a new purple wave. If the current top is in then we should see a retrace further down for wave 4, however, this coin has a lot of popularity and good projects are being built upon it so I don't see it going down that low. Incase it does, It would be good to dollar cost average in on it. I will continue to monitor this coin and update due to popularity of it.
link to private chart:
Since solana is a new coin it is a bit harder to track. If you look at the private chart, this chart is the same, except I added a new purple wave. If the current top is in then we should see a retrace further down for wave 4, however, this coin has a lot of popularity and good projects are being built upon it so I don't see it going down that low. Incase it does, It would be good to dollar cost average in on it. I will continue to monitor this coin and update due to popularity of it.
Trade active:
Update: I've deleted the purple wave since it is least likely to happen. Added some support and resistance lines. It's still possible for sol to retrace to the bottom support line of around $135.
Trade active:
Welp lol add that purple line back in. It actually was the one that played out and went a bit further down. We should be moving up from here.