Solana - 15 min Elliott Wave Analysis

21 nov.

Greetings, here is a 15 min update for Solana.

We have hit the green Wave 2 support communicate in our last 15 min Elliott Wave Analysis for Solana and have seen a rally in green Wave 3 from it.

The targets for the rally in green Wave 3 are at the 1 to 1 FIB at 260.05, the 1.236 FIB at 267.18 USD. the 1.38 FIB at 271.54 USD and the 1.618 FIB at 278.73 USD.
If you want further upside targets and a more detailed analysis of them I recommend you reading our last 1H Elliott Wave Analysis! I'll link it below in the notes! :)

Here we want to discuss the next key prices to see the rally extend.
After green Wave 3 tops out we expect a pullback to the support area in green Wave 4 which sits between the 0.236 FIB at 252.28 USD and the 0.618 FIB at 240.94 USD. A break below the 0.618 FIB at 240.94 USD would indicate that blue Wave 3 and white Wave 5 are in and we started a bigger pullback in blue Wave 4. A break below 229.60 USD would be further confirmation.

Be aware that the green Wave 4 support can morph and change if green Wave 3 extends to the upside and that if we break the ATH we will enter price discovery.

Thanks for reading.

NO FINANCIAL ADVICE.

21 nov.

Note

Our last 1H Elliott Wave Analysis for Solana:

21 nov.

Note