Solana with ticker SOLUSD remains nicely bullish for subwave »v« of 3, but now that it has just hit 100 psychological area, be aware of a higher degree wave 4 corrective slow down at the beginning of 2024. Wave 4 correction can retrace the price back to 70-50 support zone before a bullish continuation for wave 5 of a higher degree wave (3).

solusdD


Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.


By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery

Ripple on-chain metrics show bullish signs amidst legal struggle with SEC, XRP eyes recovery

Ripple made a comeback above $0.48 on Tuesday and hovers above that level in Wednesday’s European session. Ripple on-chain metrics such as transaction volume and Network Realized Profit/Loss have turned bullish, supporting a recovery in the altcoin. 

More Ripple News

Bitcoin price falls amidst German government transfers, miners activity

Bitcoin price falls amidst German government transfers, miners activity

Bitcoin (BTC) extends correction on Wednesday and hovers around $61,000 after finding resistance near the $64,000 level on Monday. Recent on-chain data indicates heightened selling activity from Bitcoin miners early in the week. 

More Bitcoin News

Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds

Crypto Today: Bitcoin erases gains from end of June, Ethereum declines while Ripple holds

Bitcoin wipes out gains from the last week of June and falls below $60,000 on Wednesday. Ethereum and top altcoins ranked by market capitalization erased gains as the inflation outlook worsened. Ripple holds on to recent gains and hovers above $0.48 on Wednesday. 

More Cryptocurrencies News

Three reasons why altcoins could shake off losses this week

Three reasons why altcoins could shake off losses this week

On-chain data from Santiment shows that altcoins are currently in the opportunity zone, or generating buy signals. The top three altcoins in the buy zone are Basic Attention Token (BAT), Chromia (CHR), and Highstreet (HIGH), per Santiment. 

More Altcoins News

Bitcoin: BTC price correction could end in July, according to seasonal data

Bitcoin: BTC price correction could end in July, according to seasonal data

Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.

Read full analysis

BTC

ETH

XRP