Welcome to our Elliott Wave Count for Solana.
It seems that we bottomed on the 2nd of August and started an impulse to the upside displayed as white 5 wave move of which we finished Wave 1 and 2 and are working on Wave 3.
The white Wave 3 did hit the 1 to 1 FIB target which we removed now but we would prefer if the white Wave 3 goes higher. Next targets are the 1.236 FIB at 180.78 USD, the 1.382 FIB at 183.10 USD and the 1.618 FIB at 186.86 USD.
We already added a provisional white Wave 4 support which sits between the 0.236 FIB at 173.92 USD and the 0.5 FIB at 169.50 USD. We also added the 0.618 FIB at 167.52 USD which would be the invalidation point for an impulsive 5 wave move up and shift probabilities to another count.
Be aware the white Wave 4 support area move higher as the price climbs higher.
Thanks for reading.
NO FINANCIAL ADVICE.
It seems that we bottomed on the 2nd of August and started an impulse to the upside displayed as white 5 wave move of which we finished Wave 1 and 2 and are working on Wave 3.
The white Wave 3 did hit the 1 to 1 FIB target which we removed now but we would prefer if the white Wave 3 goes higher. Next targets are the 1.236 FIB at 180.78 USD, the 1.382 FIB at 183.10 USD and the 1.618 FIB at 186.86 USD.
We already added a provisional white Wave 4 support which sits between the 0.236 FIB at 173.92 USD and the 0.5 FIB at 169.50 USD. We also added the 0.618 FIB at 167.52 USD which would be the invalidation point for an impulsive 5 wave move up and shift probabilities to another count.
Be aware the white Wave 4 support area move higher as the price climbs higher.
Thanks for reading.
NO FINANCIAL ADVICE.
Trade active
We have entered the Wave 4 support area.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.