Bump and Run scenario with an Vshape recovery

11 giu 2023

We could see further recovery to the upside for solana in the short term

We started the downtrend with an Lead-In trendline that connects the lower highs

The downtrend accellerated with an Bump-fase and faster downside happened with a series of lower highs
Yesterday we broke the Bumptrendline with volume and since then we went sideways

Because of the fast downtrend in the Bump-fase we can see clearly the left half of an V-shape recovery
Due to the sideways priceaction this could still be a V-shape Bottom but with an extension then

So i expect solana to at least tag the Lead-In Trendline and possible have a run if we can break above it

12 giu 2023

Nota

As long we are holding 15 dollar, you could see it as consolidation before continuation to the Lead-In Trendline to the end of the week
Weekly close has passed so i expect a big green candle to have a piercing candlestickpattern to show proof of support in these regions on higher timeframes
We reached the 0.618 Fib retracement of the move up in januari so this could be the ending of wave 2 elliot wave for this bullrun

12 giu 2023

Nota

the weekly piercing candlestickpattern would be confirmed if we close sunday around the 18 dollar resistance before the bump happend

12 giu 2023

Nota

Decision time: Green or Red Arrow

21 giu 2023

Nota

we bounced to the 0.382 Fib level from 0.5 Fib level
The V shape is taking shape on the daily level now

if we can have continuation of the bullish trend , i expect to touch 0.236 Fib level and 200D ma (yellow) around the 20 dollar level