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FlokiCrypto
Jun 10, 2022 3:49 PM

$SOL - Almost almost ... Almost done.  Long

SOL / TetherUSBinance

Description

SOL - I'd estimate SOL's correction being done to about 70%. Although there is still some space for it to correct, We are in divergence territory on many daily momentum indicators (MTF, Histo, RSI, ROC).

I'm counting the subwaves in the final wave down and I think we're about to see a significant bounce. It looks like we're in the final wave of the C (ABC ZigZag), looking to complete 5 which looks to be making a diagonal so far. There is some sort of support (from previous s/r) in the current range. A dip below 30$ is not out of the question, which would allow SOL to kiss the 90% fib level.

Safe trades to all.
Comments
MynameisTeo
In linear chart you don't see much below 25$ ... I prefear log chart, it's some great levels there :
FlokiCrypto
@MynameisTeo, I agree log sometimes gives a better view. I use it often too. Just didn't use it here ;) .
SwallowPremium
we like your work, thanks!
Tashkent8
what's your MAs? on chart
FlokiCrypto
@Tashkent8, EMA 21,55,99,200.
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