Solana 2022
We are testing a range that has seen some buying.
Using the last true support in late-August 21', and extending the Fibonacci retracement settings to test the next 61.8% Fibonacci level, we get a similar expected move at $330 approximately.
I expect SOL to consolidate around the lower part of the range, and start its uptrend in March.
The time horizon for March is taken from the Squeeze Momentum Indicator:
https://www.tradingview.com/chart/BTCUSD/jmSasFqz-Squeeze-Momentum-Indicator/
The chart above is for BTC, however, because all crypto assets have a high correlation to BTC, we can expect them to move in tandem.
Using the last true support in late-August 21', and extending the Fibonacci retracement settings to test the next 61.8% Fibonacci level, we get a similar expected move at $330 approximately.
I expect SOL to consolidate around the lower part of the range, and start its uptrend in March.
The time horizon for March is taken from the Squeeze Momentum Indicator:
https://www.tradingview.com/chart/BTCUSD/jmSasFqz-Squeeze-Momentum-Indicator/
The chart above is for BTC, however, because all crypto assets have a high correlation to BTC, we can expect them to move in tandem.
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