✴️ Solana | Price Action (1,2,3,4,5,6)
Updated
Let's look at what Solana has been doing to know where we are at in order to try and predict what is most likely to follow.
#1) Solana hits a bottom low and volume starts to increase, this leads to number two.
#2) The first bullish wave and its peak. This leads to consolidation.
#3) This is the corrective phase, a consolidation that ends in a higher low as number four.
#4) A new low but this time higher than number one telling us that the bulls continue in control. Volume starts to increase again leading to number five.
#5) Is the new rise and new peak, higher high and now we have higher highs and higher lows.
#6) Solana is now consolidating again but this time this consolidation should be short, in duration. As soon as the consolidation ends prices should shoot up.
Trading in this pair is strongly bullish as long as prices remain above number four, a higher low.
Namaste.
#1) Solana hits a bottom low and volume starts to increase, this leads to number two.
#2) The first bullish wave and its peak. This leads to consolidation.
#3) This is the corrective phase, a consolidation that ends in a higher low as number four.
#4) A new low but this time higher than number one telling us that the bulls continue in control. Volume starts to increase again leading to number five.
#5) Is the new rise and new peak, higher high and now we have higher highs and higher lows.
#6) Solana is now consolidating again but this time this consolidation should be short, in duration. As soon as the consolidation ends prices should shoot up.
Trading in this pair is strongly bullish as long as prices remain above number four, a higher low.
Namaste.
Note
35 can be hit easily and there is potential even for higher targets within this bullish wave. This is literally day 1, we have plenty of time for this to develop, good news will soon hit the market and this create some excitement that will push everything up.
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