This slight up-trending consolidation we have in Solana could go two ways.
The attached 15 minute chart shows price could be in a leading diagonal to kick things off to the upside, or one more low to reconcile itself later on this evening.
I favor the alternative of OML. Nonetheless, this retrace from $143 is getting long in the tooth so to speak to be a 4th wave given the long and deep wave 2 we had.
My fear is we will loose the impulsive structure that started on February 24th. By tomorrow we should have more signs of Solana's intention.
Best to all.
Chris
The attached 15 minute chart shows price could be in a leading diagonal to kick things off to the upside, or one more low to reconcile itself later on this evening.
I favor the alternative of OML. Nonetheless, this retrace from $143 is getting long in the tooth so to speak to be a 4th wave given the long and deep wave 2 we had.
My fear is we will loose the impulsive structure that started on February 24th. By tomorrow we should have more signs of Solana's intention.
Best to all.
Chris
Nota
That should be all we get of wave 5 of 1 of the Leading Diagonal....we should decline from here. How we decline will be crucial to what comes next.Nota
Target Reached.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.