$SOLUSD
Added 2024-08-08 10:46:57 +0000 UTCWe can see here that Solana has pulled back further than $BTC has, it has pulled back exactly to its 0.5 Fib at $108, which would be $44k for $BTC, which is why Solana has responded better over the last 3 days, as its lower low is now in and the market bought the dip heavy when it offered more value at a lower Fib level.
So this could happen with $BTC too, it could flush down to its 0.5 Fib at $44k, I would expect a lot of buyers to step in there.
If $SOL can stay above its 50 and 200 Day MA and its blue line at $143, we could see signs of a reversal here.
Comments
What usually happens after ABC ? You start a new wave count?
AL
2024-08-08 16:40:23 +0000 UTCIf there is a reversal, what will be the next target ?
khaled rasmy
2024-08-08 11:10:37 +0000 UTC
