#SOL Elliott wave 5 scenario

30 gen

In the daily time, according to the short-term analysis mentioned in the previous post, it had a complex double correction, which ended after the completion of the 4th wave of the corrective erosion after the break of $87.5, and the current wave will be the 5th wave of this cycle, which can reach at least 100%. The range of the previous ceiling should continue to grow, and if it continues, it should be as long as wave 3. According to the current momentum, we should probably face a long upward wave, which I will update in the future.
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3 feb

Nota

Scalp...
High Risk...

3 feb

Nota

Free risk in the range of the red box...

6 feb

Nota

Movement behavior in a corner pattern ready to break and run upwards to stabilize above $100 for a target of $125

7 feb

Nota

7 feb

Nota

As expected, escape from the corner of congestion. Consolidation above $100 will make the next target available.

7 feb

Nota

7 feb

Nota

It is located in an important area, if this area is not broken, it will be corrected up to the range of $97, which, if confirmed, you can save profit. If it breaks, it will have the ability to move up to the $103 range.

8 feb

Nota

According to the type of structure, we are currently in wave 4 of 3, which can correct up to the range of $98 to $99 and then start wave 5 of 3. Therefore, the suggestion is to save profit at the current point or to trail the profit limit.

8 feb

Nota

Formation of divergence in resistance

10 feb

Nota

It grew by 16% from the entry point until now and became a full target. Due to the failure of the supply area, it will continue to have the ability to grow up to $112.5 and then the range of $115 to $118.

11 feb

Nota

To continue the path, the resistance barrier in front must be broken. Therefore, in case of failure and pullback, the area and the next target will be available.

12 feb

Nota

With the support of $106, it should break the supply zone for the target of $112.5 and then the next supply zone.

13 feb

Nota

According to the presented analysis, the resistance level was broken and the target was touched at 112.5. Now, with the support of the 112.5 range, it will be able to reach the next target of the supply area.

14 feb

Nota

The next target was Solana Touch currency. Please share your opinions and views with us and support us if this post is useful for you. Thank you.

16 feb

Nota

According to the Dominance Tether post (USDT.D) and current market conditions, do not buy until Solana is above 112.5. Save profit for now (there is a possibility of breaking into the $100 zone). If it is above 112.5 and stabilizes, the post will be updated again.

16 feb

Nota

Do not close above 110 candles. It will have downside targets of $106 and $103.

17 feb

Nota

As expected, correction occurred in the market and Solana's movement path.

17 feb

Nota

With the support of the region, it will have the ability to grow to the $110 range.

17 feb

Nota

A great reaction and breaking the neckline with a high-pressure candle and retesting the resistance.
Breakout of the area = continuation to $112.5.
Traders, please give your opinion...

18 feb

Nota

It can break the resistance. Candle previously raised liquidity after a pullback to support.

18 feb

Nota

Great. The target was touched.
Tell me what you think, traders

18 feb

Nota

It returned 100% of the previous wave. Now, this process can continue in the specified area with support.

18 feb

Nota

Excellent movement and reaction to the first resistance.

20 feb

Nota

In the supply area, with the inability to break the recent correction range, it is associated with a 3-wave structure that does not have a falling shape. So this correction can only be to raise liquidity in the region of $100. Of course, this wave can continue even up to 94 dollars.
But it should not be fixed below 100 dollars. So this correction is only to collect liquidity and pull back to the broken structure for the $175 target.
In addition, considering that the correction of wave 2 was temporary, this correction wave should be done faster and sharper, and then the next step is to climb.
If the behavior and structure of the post changes, it will be updated.

21 feb

Nota

We have to wait for this area to be preserved. A higher or lower insole is suitable for up to $94. In case of floor construction, we will expect completion and continuation of the route.

22 feb

Nota

After the support range of the green box. Now it has to break the $107 range to touch 112.5 again. until this pullback is confirmed.

22 feb

Nota

It retested the indicated range of 107 dollars and is currently in the density to break the 107 range to retest the supply area again.

23 feb

Nota

This wave 3 correction is currently in the $100 area and has reversed the previous wave of 1.272 so far. If $100 is broken, 1.618 should probably touch the 94.45 range. But before that it has an important PRZ in the $97 range. However, the loss of the $100 range will have a short-term correction.

25 feb

Nota

The supply target is $107 and then $111.

26 feb

Nota

According to the analysis presented. The second goal was also touched. The next target is $111.
See the analysis related to Dominance Tether and Total 3.

27 feb

Nota

It is moving according to the route map. The target was also touched at $111. Now, in order to reach the 100 Fibo target of 126.50, $113 should be broken. Therefore, I expect the touch supply area to be activated first, and then the pullback to 113 and the stabilization of the above targets of 126.5 and 135.70.

29 feb

Nota

According to the analysis presented, after the failure of the zone and pullback to 113, the supply managed to reach the zone, which, with its failure, has approached 100% of the Fibo of the previous wave. According to the behavior and structure in the microwaves, there is an ascending wave 5 that has not yet been completed, which will touch the next target with the failure of 100 fibo.
Further updates will be provided regarding behavior and structure.

2 mar

Nota

The first target was touched.
Currently, in wave 4, there is a correction from wave 3, after which this extension should continue until the supply area and 1.618 of the previous wave.

5 mar

Nota

Therefore, according to this structure, the 5th rising wave, a little higher than the previous 3rd wave, has been able to grow or develop. It means that a three-wave structure has moved up for now. If this correction is an X-wave, it can continue in the form of another three-wave. If this wave does not touch the level of wave 4, it will be valid. Result: above $125 target will be available and this correction is a corrective X-wave and then we should see a continuing movement structure.

7 mar

Nota

According to the analysis, it is on the target path. Therefore, I expect it to touch higher targets with a three-wave movement, which will be updated if needed.

13 mar

Nota

Long Position...

15 mar

Trade chiuso: obiettivo raggiunto

FULL TP

16 mar

Trade chiuso: obiettivo raggiunto

According to the presented analysis, it has grown more than 103% in 39 days and reached the Fibo target of 1.618. If the post was useful for you, support it with like and comment.