Back on March 8th we mentioned and highlighted a bullish setup formation on Solana with ticker SOLUSD, where we were tracking an A-B-C flat correction within higher degree wave (B)/(2).
As you can see today, Solana a.k.a SOLUSD bounced nicely from projected support and it's now looking for a bullish resumption within a higher degree wave (C) or (3), which should be completed by a five-wave cycle of the lower degree.
Technically speaking, there can be room at least up to 35-40 area for wave (C) or maybe even higher for wave (3) if we will see an extension decisively above 40 region.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
As you can see today, Solana a.k.a SOLUSD bounced nicely from projected support and it's now looking for a bullish resumption within a higher degree wave (C) or (3), which should be completed by a five-wave cycle of the lower degree.
Technically speaking, there can be room at least up to 35-40 area for wave (C) or maybe even higher for wave (3) if we will see an extension decisively above 40 region.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
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