It seems like Solana is also on a 3-day weekend with not much price action clues taking place. I still prefer a longer drawn wave IV that could last all summer. Heading down to new lows now is too easy, not to mention the pattern looks better with more stark alternation. Therefore I'm expecting a high wave IV that takes time (But if you follow me you already...
Several days ago with Solana trading above $41 I called for a decline in a corrective fashion.
a= $35.30
b= $38.05
c of B bottom at = $31.31
Today we struck a low of $35.4975. It's certainly possible we get one more incremental low. It's also possible we go straight down to new lows. However, my preference is we rally to $38.05 and then decline to $31.31 for...
We started our descent into what I'm counting as "a" of a "B" wave bottom. There's still a chance we make a straight descent to new lows so watching how we decline is important. Chart is on track.
Best to all,
Chris
