- The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the is definitely broken and retested.
- This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave.
- Solana started with a strong impulse wave in 2020, which gives us potential for another bull market in 2024-2025 to new all-time highs.
- Another 46% crash is really possible and likely in my opinion. I don’t like to be because people generally don’t like analysis.
- Crypto is a pump and dump environment. It’s not like a stock market with incredible strength and buying power from bankers.
- But I think we can expect a solid pump after we reach my .
- 90% of altcoins are just very , and it’s hard to make money in a bear market. It is how it is.
Solana – Bear flag is breaking down! The Bear party is starting!
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.