✴️ Solana | The 1,2,3,4 Step Patterns Part 2

8 giu 2023

This is the pattern we looked at using the UMA chart yesterday, we are using this method to make it simple.

Solana has been in a range for many months.
It has been sideways and boring, but don't take this the wrong way, this is a signal of strength.

A bearish wave would continue to produce new lows... This is the consolidation phase.

#1 Is the initial/early year bullish breakout.
#2 Is the first low/support after said breakout.
#3 Is the higher low (lower low compared to #2 in some cases).
#4 Is where we are at all across, the next bullish wave that will take places in the following weeks and months.

Patience is key and remember, what doesn't go down, is because it is going up!

Namaste.