In our last analysis, we shared an unpopular opinion where we forecasted Solana to move down towards the $10 region.
We appear as if we've made the top and looking for further downside. The overall pattern we're seeing is a 535 Zigzag correction.
We had our confirmation to sell as the break of the red trendline, which we used to signalise the end of wave B and the start of wave C.
We're keeping invalidation levels for the bearish scenario above 210.
We'll be looking for further shorting opportunities. We'll be sure to update when we see another entry point!
Goodluck and as always, trade safe!
We appear as if we've made the top and looking for further downside. The overall pattern we're seeing is a 535 Zigzag correction.
We had our confirmation to sell as the break of the red trendline, which we used to signalise the end of wave B and the start of wave C.
We're keeping invalidation levels for the bearish scenario above 210.
We'll be looking for further shorting opportunities. We'll be sure to update when we see another entry point!
Goodluck and as always, trade safe!
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SOLANA 2Weeks
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