SOLANA PRICE PREDICTION 2022
Hello Friends Welcome to my blog reviewsdisk.com We’re going to discuss about Solana Price prediction 2022 and also take a look at solana currently we’re sitting at 39.36 down 2 percent on the day say a market cap of 13.21 billion 24 hour volume 1.37 billion ladies and gentlemen if you’re new to krypto.com
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SOLANA PRICE PREDICTION 2022 | IS SOL HEADING DOWN TO $18-20 OR IS THE BOTTOM IN? | NEXT TARGETS
In my opinion elliott wave is theory based and it’s very subjective so please take my analysis with a grain of salt and i do believe you’re going through a large abc correction and usually when you finish a five wave move your abc is going to finish prior or at the support of
Solana Price prediction 2022
the wave four which is currently sitting in between about 19.28 so i do think that could be your low for solana if the low isn’t already currently in so you can see we made a five wave structure to complete our wave A.
We had our corrective wave b and i do believe we’re making a five wave structure all the way down to finish our wave c in between about 18 and 28 dollars so as you can see here let me open this up impulsive wave one corrective wave two your largest wave three i do
Solana Price prediction 2022
think you’re going through that corrective wave four i’m actually going to pop it open on the four hour time frame and we’re looking for that final wave five now we may be going through a w x y and within a w x y are three wave structures.
Uh also known as a zigzag correction where we’ve come up and we’ve made a b c come down a b c and once again a b and if we bounce here create that wave c then we may be looking at this correction being complete before seeing that final wave five down to
those lower price targets the thing about the correction is it’s very hard to map out you’ll see a lot of people who use elliott wave theory have different corrective waves but really the most important thing is finding out where the correction ends or having a good idea of where the correction ends.
Solana Price prediction 2022
To give you confirmation that you’re going to see that fifth wave down to those lower price targets so if we were to bounce up here then we complete that wave y and we’d be looking at a five wave structure to the downside to complete that larger wave five in my opinion now on the one hour time frame i’m just going to zoom in
to the one hour we may print we may even print it here on the four hour so you can see we might be putting in a little bit of a double bottom pattern here with the bullish divergence on the rsi and if we pop over to the one hour time frame for our friend solana you can see here.
Solana Price prediction 2022
We’ve come back down to this low while creating a higher low on the rsi bullish diversions can signify that the bears are running out of strength and the bulls are going to push the price back up so if you
do see us push back up to this level of resistance it could be that we’re completing that my leg and then we’re looking for that five wave structure to the downside to take us down in between about 18 to about 28 dollars in my opinion.
For solana to invalidate that all that has to happen is the wave four comes up and breaks the wave one and then this would be your bottom for solana and we’re looking to break out back to the upside but as of right now we haven’t fully filled this wick yet coming in
Solana Price prediction 2022
about 35 that does look like what solana wants to do here so if we were to bounce up hit resistance and we roll and we fall out of this pattern that’s when you could come down in between that 18 to 28 dollar mark but you could see this as a bit of a falling wedge pattern so if it does break out.
To the upside especially if we come all the way up to retest about 80 could be a stronger sign um that the bottom is in for seoul but i do think there’s one more leg down for bitcoin so if we come down to 22k btc i would expect seoul to come down to these levels in
between 18 and about 28 in my opinion finish that abc correction which usually takes you down prior to the wave 4 low and then once again jump back into a bull market for solana if we go from the high all.
The way down to that 18 low you’re looking about a 92 correction which is pretty typical for all coins if we were to lose that level of support your next little cluster here is coming in in between about 15 to about 12 i don’t think that’s the likely scenario but always a
Solana Price prediction 2022
possibility we could wick down there and then bounce back up but i do think we’re close to the bottom here for our friend solana that is it for this one big shout out.
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Solana Price prediction 2022