I posted this chart a few days ago: "Solana-Chart-Potential-bottom-in-place-II"
It touched on trader sentiment and structure...and the importance of SOL price getting above $123 within our current bottoming structure. That happened today.
So what's next?
We need to fill in waves 4 and 5 of the larger wave 1. That wave 1 top should reside in the area of the red circle. I anticipate that taking place within the next week or so. The bottom in place thesis is valid as long as we do not breech $107. before waves ,4 and 5 and are in place in the red circle. From thee we need a 3-wave decline but I'll address that after wave 1 completes.
ALL QUESTIONS ANSWERED IF YOU FOLLOW ME.
It touched on trader sentiment and structure...and the importance of SOL price getting above $123 within our current bottoming structure. That happened today.
So what's next?
We need to fill in waves 4 and 5 of the larger wave 1. That wave 1 top should reside in the area of the red circle. I anticipate that taking place within the next week or so. The bottom in place thesis is valid as long as we do not breech $107. before waves ,4 and 5 and are in place in the red circle. From thee we need a 3-wave decline but I'll address that after wave 1 completes.
ALL QUESTIONS ANSWERED IF YOU FOLLOW ME.
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