SOLUSDT
Solana just put in Waves 1 + 2 in the form of a bull flag.
Wave 1 Impulse, Wave 2 = Zig+Zag + Triangle Correction.
Wave 3 is just starting.
Wave 3 Projection = 1.618 extension of Wave 1 = $20.38
Wave 5 Projection = $24.86 which is also the 50% Fib retracement of the Pre-FTX high to low.
Wave 5 is roughly a 0.618 extension of the projected waves 1-3.
Screenshot Below of Non-Elliot Bull Flag projection.
I've been long since yesterday at around $14.10, my stop is at $13.69.
This seems like a huge move, and it is. But.... it's really just a 50% retracement.
Fat_Fat
Solana just put in Waves 1 + 2 in the form of a bull flag.
Wave 1 Impulse, Wave 2 = Zig+Zag + Triangle Correction.
Wave 3 is just starting.
Wave 3 Projection = 1.618 extension of Wave 1 = $20.38
Wave 5 Projection = $24.86 which is also the 50% Fib retracement of the Pre-FTX high to low.
Wave 5 is roughly a 0.618 extension of the projected waves 1-3.
Screenshot Below of Non-Elliot Bull Flag projection.
I've been long since yesterday at around $14.10, my stop is at $13.69.
This seems like a huge move, and it is. But.... it's really just a 50% retracement.
Fat_Fat
Commentaire:
Bull Flag
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Bull Flag Projection = 1.272 Fib Extension ~ $19
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Retracement Levels
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Daily MACD Positive + Daily RSI Slight Bull Divergence
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Breaking out of the Wedge
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Moved stop down to 13.60