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

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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!

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Yeah hello and welcome to another update video about um Solana just a quick update I think it deserves another update made you aware in the previous video that one more high was really really still missing um and we see that already today that um typical Saturday breakout for Solana it has really become

A thing on Saturdays that Solana starts to move a bit um that’s quite noteworthy um especially as it’s a basically a holiday weekend um but yeah broke out um again as I suggested one more high was missing obviously what we don’t know we don’t have a crystal ball if um we get

Uh the high more directly or if this triangle you know is an internal triangle we get a dip down and up but um the key support here was $79 90 and against that um one more high was missing in the yellow count or even two in the White Wave structure so hopefully

That was was was clear uh I don’t know if it’s unclear but couple of comments were about you know um you know you know I say it could go up or down which is obviously ridiculous but um you you first of all you think about the markets in a too simplistic way

That’s one thing I don’t even want to go there but the other thing is um I mean the trend is up yeah as I said and I don’t think you know it’s pretty clear that the forecast was for at least one more High um but obviously there has to

Be always a level and honestly if there is an analyst who doesn’t give you levels that would invalidate the idea then you shouldn’t follow that person um but the level that I gave you that would um at least make me revise this idea that’s at $79.90 I will have to change that now

This was the support for this fourth wave now that we’ve made another high it is going to be different yeah so we going to add another support area because the support that’s now relevant is for White Wave 4 it’s not much difference or much different okay so I will delete the

Previous one we don’t need that one but support has now moved up to $81 39 so that means against that level the focus can be on higher okay so clearly uptrend Focus casted above that level if that level breaks that’s an important pivot you know it’s it’s not $99 it’s not you

Know 88 no it’s $813 is currently the pivot that will however have to move with the price as it climbs higher and it can clim higher I think I mentioned it in the previous video sort of 105 is one key level and then 113 is going to be the next one

Let’s see how we react to that level next and and um then I will obviously update you again but that’s the next key or let’s say main Fibonacci level um what we can do as well I mean we’ve got um I have to assume now that possibly

The um white count is obviously playing out so therefore you know one more high or two so we can also look at potential targets for wave three in white now as we um you know a step by step climb higher and great that the Fibonacci guidelines give us some really good

Levels to watch so for a third wave we’re typically looking at anything above the 1.38 extension um so let’s do that just want to give you the levels I will leave them on the chart as well because now that we’ve broken out you know you might want

To ask okay you know where is the price likely heading now and these are going to be the next Main levels to watch so uh it’s actually 106 I mean there’s one at 105 those were the micro fips I showed them to you in the previous video

But um wave three in white I mean could react to the 1.2 36 but really more reliable is3 there is some Confluence it’s not only the 1.38 extension no we also have here um the 200% extension of the larger cycle and then it’s actually oh I should

Add the 1.5 as well just let to watch really you know um where is it I don’t have it the thing is the 1.38 is one of the key levels for a third wave um if Solana wants to extend absolutely possible so we need to keep the door

Open for possibly even higher prices if this is the third wave in white um so then 118 124 133 keep a focus on these right and bear in mind so far support levels haven’t broken so you know especially also since down I that was the last I mean I had

One support area here but to be fair it didn’t dip into support they don’t need to okay that support is support and not necessarily Target especially in Triangle you expect sideways consolidation this was a bullish pennant um down here we had a nice support area in which the price spent some time if

Anybody entered there at a pullback you know um then obviously so far no support did break you know that’s just focus on the levels okay and you just build your trading plan around them that’s what this is essentially for um not a crystal ball but professional ta that gives you

Levels around which you can build your trading plan for you to understand the trend for you to understand the next targets and so on the reason um that we follow following so much the micro structure at the moment is um first of all it seems impulsive here in the short

Term which is good um and that makes it quite straightforward but also because we have to really babysit this chart now because it is overall very extended so there is no simple way to say okay it we get there I mean we’ve got our bull market projections that you’ll find in

The bull in the long-term video playlist but we have to really just take an approach where we say okay we’re overextended in the third wave in general there um so we just track support that’s what a Trader would do as well you know you would just look at

Your trades and say okay you know the risk has increased price has gone up further but I can adjust my support levels and don’t want to assume a top is in place until one of those even you know even even this breaking or Price even tries to break it so yeah I’ll keep

You updated 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 the channel membership thanks a lot for watching bye-bye