TradingView
TradeCentral_IN
Jun 29, 2022 5:56 AM

Solana long term view 

SOL / US DollarBinance

Description

Here is monthly chart of FTX:SOLUSD. It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).

It's a wait and watch game from long term investment perspective. Incidentally, most other cryptos too show same ABC correction and chances are most of them will turn together with possibly BITSTAMP:BTCUSD turning up a little sooner than the rest.
More