Hello,
As shown in the chart, Solana seems to be on path to $1300 ish... I say ish because the 5 wave can be longer or shorter than the 3rd.
BUT, in crypto time and time again we have seen the 5 wave get overextended depending on market conditions (bullish conditions for the market to end 2021).
So it is completely possible we see the 5 wave exceed the 3rd, which was roughly a 6000% return.
Solana is extremely hard to chart, given that we have next to nothing concerning price history.
However, in crypto the newest projects with hype tend to surpass all expectations, most likely because of this exact fact.
If the project is new and backed with hype, traders and speculators have nothing much to go off of.
With that being said, the only real possible thing to project price within the current structure could be a massive Elliott impulse wave.
Will be interesting to see how this plays out!
- CA$HLESS
As shown in the chart, Solana seems to be on path to $1300 ish... I say ish because the 5 wave can be longer or shorter than the 3rd.
BUT, in crypto time and time again we have seen the 5 wave get overextended depending on market conditions (bullish conditions for the market to end 2021).
So it is completely possible we see the 5 wave exceed the 3rd, which was roughly a 6000% return.
Solana is extremely hard to chart, given that we have next to nothing concerning price history.
However, in crypto the newest projects with hype tend to surpass all expectations, most likely because of this exact fact.
If the project is new and backed with hype, traders and speculators have nothing much to go off of.
With that being said, the only real possible thing to project price within the current structure could be a massive Elliott impulse wave.
Will be interesting to see how this plays out!
- CA$HLESS