Solana Price News Today – Elliott Wave Price Prediction & Technical Analysis, Price Update!

Link to the More Trading Online Stocks and Shares Service:
https://www.patreon.com/MoreTradingOnline

Trade on Bybit:
Receive an up to $30,000 bonus (see terms on Bybit)
https://partner.bybit.com/b/MCO

Solana Price News Today – Elliott Wave Price Prediction & Technical Analysis! In this video I talk about a technical analysis of the Solana SOL price and I talk about some important price moves that are happening right now!

—————————————————————————————–
🧿 Links:

Trade on Bitget:
https://partner.bitget.com/bg/UQ4SQX

Technical Analysis with TradingView:
https://bit.ly/Crypto_Tradingview

Set up trading bots with 3commas.io:
https://3commas.io/?c=tc1323713

Trade on Coinbase:
Receive $10 in BTC (see terms on website):
https://bit.ly/MCOinbase

Trade on Kucoin:
Receive a 20% fee discount:
https://www.kucoin.com/r/af/QBSSSL4T

Trade with eToro:
https://etoro.tw/3oFUKCk

Trade on Bybit:
Receive an up to $30,000 bonus (see terms on Bybit)
https://partner.bybit.com/b/MCO

Trade with Trading212:
Receive shares worth up to $100:
https://bit.ly/Trading212MCO

Protect your cryptocurrencies with Trezor:
https://bit.ly/morecryptoonline

Protect your cryptocurrencies with Ledger:
https://shop.ledger.com/?r=0fb3c8be2e46

Stay safe with NordVPN:
https://go.nordvpn.net/SH4s0

—————————————————————————————–
🧿 MCO World:

You can find the Technical analysis channel here:
https://www.youtube.com/channel/UCsl6Z6p7GOkczo8Cv-GH6Dg

You can find our German crypto Youtube channel here:
https://www.youtube.com/channel/UCRRrpK63KNPZMTLbv61UKRw

Please check out the More Crypto Online website:
https://www.morecryptoonline.com/

Official Social Media Links:
Instagram: https://www.instagram.com/morecryptoonline_official/
Twitter: https://twitter.com/Morecryptoonl
LinkedIn: https://www.linkedin.com/company/more-crypto-online/

—————————————————————————————–
🧿 Join the private MoreCryptoOnline membership group:
https://www.morecryptoonline.com/plans-pricing OR
https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR
https://www.patreon.com/morecryptoonline

🧿 Join the private MoreCryptoOnline foundational video training course:
https://www.morecryptoonline.com/technical-analysis
—————————————————————————————–
⚠️ Very important: ⚠️
– please do not reply to anyone with the MCO logo in the YouTube comments who sends you a Whatsapp number. This is scam!
– please do not join any other MCO Telegram channel than the ones you received the links for. These are all scam!
– You find the official Social Media links down below in the description section.
—————————————————————————————–

☕️ Caffeine:
For additional support you can now buy me a coffee ;-):
https://www.buymeacoffee.com/morecrypto
—————————————————————————————–

Financial Disclaimer:
We are no financial advisors. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Ideas presented in this

Hello hello and welcome to another update video about Solana yeah Solana continues to grind its way through this resistance um the idea is still that we are possibly here working on a fourth wave at the moment Bitcoin just now under a little bit of selling pressure

As we’re getting closer to the US Stock Market opening the idea is still you know that we are probably moving within a wave four in a larger fourth wve pullback that means the third wave topped here around the 25th of December a wave down B wave up C wave down okay

So that seawave is likely unfolding um a few days ago yeah few days ago the market gave us some clarity that it wants to take the direct route in this fourth wave um previously we did discuss the possibility of one more high in wave three before this wave four starts so

Basically we had two Pathways one directly down in wave four and one with a bit of a diversion and an extended third wave before this fourth wave starts but the fourth wave was always on the chart as one of the options and should have happened either way so the

Fact that it took the direct route uh was made clear this week okay so just for a little bit of context because um I just have a comment yesterday I saw a comment yesterday from someone who um who said we discussed like four weeks uh an extension in the third wave and now

We suddenly start to talk about a direct route well I always talked about both options anyway and the market should have done this fourth wave anyway the only question was do we get a third wave extension or not um but I highlighted which level needs to break to to

Basically rule that out and yeah that was was made clear uh last week and so yeah always you know both options were discussed obviously we were literally just waiting for a signal of the market because you might hear the dog in the background because we were in a Range

Okay and in a Range there’s a balance of forces and we had no clear setup for higher that’s why I left the support area where it was that’s really the key range of support for this larger fourth wave which has finally been reached uh or which was reached actually this week

On Tuesday and we’ve had a first bounce already from that first main level at $ 7934 that’s good to see because it means that the Fibonacci levels as I set them they seem to work seems to be the correct wave count and it also seems to

Be the right way to draw the Fibonacci levels because the market perfectly reacted to that 23.6 FIP level so that’s all good the idea is now that in this fourth wave we are working on an ABC structure the c-wave is a five wve move 1 two three the third wave likely

Finished here at around $79 80 on Tuesday and the fourth wave could be unfolding now I see it as an ending diagonal has to be because waves 1 and four are overlapping that is really only let’s say allowed in a diagonal or and that’s the alternative perspective a

More substantial low is already in and um obviously if we get a break above resistance I mean that’s the main reason why we track resistance um if we get a break above resistance it you know it will be a signal to highlight that a larger rally is unfolding as long as the

Parameters are being respected and the ti ti ta tells us what the parameters are another low should follow and also the parameters for the next move down are defined as well so the resistance area is defined between $842 and 9345 with the next levels being relevant they are $952 and

9345 and if we get a reaction there if we get a reaction there there substantial it should send the price down in wave five and the price could then Target 777 $77.70 next but better would be $74 basically or 7140 6830 they are all Targets for a

Fifth wave in a c-wave um so literally downside still expected the downside pressure is high below resistance even though the rally is already quite substantial but we haven’t even broken above the 50% FIP level that’s one of the main FIP levels in a fourth wave um

And also I moved that trend line earlier today so that trend line is relevant as well a break above the trend line would be additional evidence that a more substantial rally is unfolding but it would go along with a break above micro resistance anyway okay so that’s what

I’m observing at the moment generally for positive trend continuation in an overall bullish scenario which we’re tracking anyway have been tracking for a long time um the $ 47 level needs to hold now again it’s support it’s not a Target as long as we’re holding that box

Though yeah a fifth wave to the upside should should send us to round about $200 plus that’s my update about Solana hope you like the update if you did please hit the like button leave a comment and subscribe and if you really like the content then please check out

Thean membership also make sure that you follow us on Instagram and Twitter for additional content thanks a lot for watching [Applause] bye-bye