I say no additional confirmation is needed... This is it!
I get this feeling, a strong feeling... It is not actually a feeling, it can be clearly seen on the chart.
Solana (SOLUSD)
Yesterday's candle is full green. Today's candle is also full green and includes a very strong shakeout.
These candles were only seen in early January, the beginning of the bullish recovery phase.
Supporting signals come in the form of the length of the consolidation phase. Technically speaking, Solana has been consolidating since mid-January, that's 6 months. Normally Cryptocurrencies move faster, 3-5 months consolidating before the next bullish wave. This long duration tells us that any strong moves can be the start of the new wave and the end of the consolidation phase.
We are seeing easy $32 and $39 but this is only short-term... $98 is in the cards as well but this will take a while and we will revisit this chart in a matter of days.
The drop/correction is many times longer than the rise/jump. So this should go fast, everything will speed up.
Depending on how things go, we can adapt and adjust for the next target but this move should be strong, very strong.
Additionally, it can last for months. Enough for us to secure everything what we need for the next major correction before 2024.
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.