TradingSutra

SOLANA: Is it the starting of a stormy wave 3 ?

Long
FTX:SOLUSD   Solana
Upon observing we can count five waves up from the inception and a corrective fall forming LL LH from the top. The recent price action suggests that the correction is completed and the crypto is ready to move into the strongest phase of the cycle. If our assumption is correction then the low of 75 is going to be intact and the crypto will be moving up higher in the third wave for a new all time high.

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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