看多

Solana - SOL Fractal NO ONE talks about

已更新

📉Hi Traders, Investors and Speculators of Charts📈

SOLANA is on the list of my top 20 altcoins to watch in 2024.

From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".

What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave.

From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :

Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.

If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.

_______________________

📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck

註釋

Two scenarios I'm envisioning for SOL short term :