SOLANA RALLY IS ABOUT OVER - INCOMING NUKE

Dec 15, 2023

I'll tell you what... SOLUSDT is going to drop at least 50% and before you nail me see my previous concise and precise analysis about SOLANA on my page.

This rally that started few moths ago is now coming to an end as you can see on the chart according to Elliott Wave Theory, we are just about to end an extended nested wave 5 which happens to be an Expanding Ending Diagonal.

Another factor to consider is the relative strength index (RSI) between the last wave 3 & 5 both are at the 88 RSI overbought level on the hourly to daily timeframe.

Best entry for this scenario is anywhere within the box ($83.820 - 96) and the take profit region are clearly on the chart (price label) and the ideal invalidation level is $110.

Relatively, I heard and see someone mentioned Solana to $175, well... that might b possible too as I have a scenario signaling such but one step at a time, that's how DewyCandles roll.

(see previous analysis about Solana on page/comment for context).

Dec 16, 2023

Note

We got the short retracement for SOLUSDT and now we should see price starting to head up for the final touch before the bear rally begin.

Dec 20, 2023

Note

Just follow the path wave it will always guide you.

SOLUSDT following my analysis perfectly from last update and yet again another 4.5 RR.

Don't forget the bigger picture, will keep updating.

Dec 20, 2023

Trade closed: target reached

Dec 20, 2023

Note

SOLUSDT TARGET ARCHIEVED