The last hours have been pretty crazy even for us, but as of now we have absolutely no reason to panic.
We have been calling this for WEEKS, in our last analysis we highlighted the importance of our buyzone and the possibilty that this zone will be reached in the future. For more information please read our last update listed below.
In the last hours we perfectly hit the 1.618 Extension (orange) which is the most optimal target for wave C movements. More experienced elliot wave traders should instantly know that this pattern looks a lot like a expanded flat. (Waves consisting of 3-3-5) We already slightly retraced back from this level and this gives us reason to be very optimistic! But remember that it's still possible that we push even lower from here, pretty much of this depends on how bitcoin behaves in the next hours and how the US Market will open.
Please note that we are already invested in Solana since the 20th of June and 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Solana (SOLUSD)
AVERAGE EXECUTION PRICE: 29.80$
LONGERM Target: +445$
Long #2 Solana ( SOLUSD )
AVERAGE EXECUTION PRICE: 21.68$
LONG TERM TARGET: +250$ and more