I'm really hoping it doesn't play out this way, I would much prefer the accumulation and the bullish scenario, I think we all would. The thing that concerns me though is that the measured move from the high we just put in perfectly lines up with the bullish weekly OB and the monthly FVG, so stay on guard here and be careful
Nice Local Accumulation going on here, likely target is the high at $102.59
Here's what I'm seeing on SOL right now for the bullish case $167.67 Weekly FVG lines up with the 1.618 from Waves 1 + 3 and happens to land right on a very macro fib time
This is the other scenario I'm watching today over the next few hours - this could turn into a re-distribution. Obviously I would prefer if it went ahead with the accumulation but we may need to come down lower before we see a real spring
Looks to me like we're setting up the beginning stages of a distribution, or a re-accumulation. Here's the next couple steps. I'll update once we see how they shake out and let you know where I think it's headed next
Solana has recently broken structure on the 4 hour time frame. We are currently seeing a lower low and the trend bearish, possibly reaching for previous lows at 93.53 and 91.13. This idea is for educational purposes only and not to be construed as financial advice. #sol #solana #solusd
or... We continue up into this daily supply for the SOS on this larger accumulation
Now there's 2 possibilies I see from here. We either SFP this local SOS high and re-distribute, or.... (See related)
I think this is the best case scenario for Solana right now on a larger time frame. It's worth noting that I'm not totally confident that it's going to play out this way, however it's worth noting these levels anyway because they will be significant eventually regardless Check out my other posts for all of the potential scenarios I could see playing out
This is one of the possibilities that I like the most right now - C wave of the correction into the GP of the whole 5 wave impulsive structure, also the SOW on the distribution or re-accumulation (we'll see which one soon)
This one is the more bullish of the two because the AR would bring us up into the 170s before crashing back down. Again though I'm just messing around with the major macro fib time and some macro Wyckoff possibilities on this one
I'm kind of just messing around on this one with the major macro fib time - I think we all would prefer that it just kept pumping and we had a bull run but from a Wyckoff point of view that just wouldn't make sense. Be careful here
Solana is about to hit the first targets, I expect a slight pull back to the "scene of the crime" (yellow line) or lower to find some support/liquidity for the next move.
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Solana is trending up in it's channel on the 30min chart. If it breaks out through the channel on a candle close, look for it to move higher. If it rejects the channel resistance, look for it to test the bottom the channel and repeat. BINANCE:SOLUSDT COINBASE:SOLUSD #Solana #BTC #SOL #SOLUSD
Solana has broken down out of a rising channel only to create a new channel. Volume falling for 2 days. What's next? BINANCE:SOLUSDT COINBASE:SOLUSD
Sharing Solana update here from TTR: I havent updated SOL since after I took nice profits on it. Here is a potential wave 2 setup down, which should bottom around April or May. It seems that ABC down is in play now, with A being in place on that 23rd Jan low, or it can be printed anytime now, not later than the end of the month or so. The B wave is expected to...