Stoic-Trader

SOLANA - Correction probably not over yet

BINANCE:SOLUSD   Solana
In my primary count, we´re currently in Wave 4 correction (Black). After this correction is finished, we should see a rally to new ATH´s.

The corrective channel is pretty clear (black), and I expect price to to down to the 110-140 range (yellow rectangle):
- Blue wave 4 support;
- 50% to 61.8% pullback for black wave 4;
- 123.6% to 161.8% extension from Blue Waves A-B.

If the channel is broken (a daily close above $200, for example, then I´ll be bullish again and re-analyze.

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