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Solana (SOL)

Solana needs no introduction as this coin has already proven to be on many people's popular lists. Besides its high-volume trading and great features, its technical analysis is also interesting. After Solana's upward wave finished, a corrective wave, a long one, started. Now, it seems the corrective wave has ended at 0.5 Fibonacci retracement. Also, the correction is unfolding in an inverted wedge pattern. We have to wait for the price to break this pattern upward. Let's see what happens.

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SOL is still oscillating below these two downtrend lines. First, we have to see price break these. Let's see what happens.

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SOL is trying to break the downtrend lines at the same time. Let's see what happens.

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So, SOL broke the downtrend lines successfully and is on its way to the horizontal resistance area. If SOL breaks this area too, a reversal has happened. Let's see what happens.

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So, Solana successfully breached the horizontal area and is making a pullback on this area. We have to wait and see how price movements unfold.

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Solana is still battling with the horizontal resistance area. Let's see if SOL can break it.

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SOL have started another upward wave to break the horizontal resistance area. Let's see if SOL can break it.

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Just an update.

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Finally, SOL broke the horizontal resistance area and on its way up.

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So, SOL is going up and doing it strongly. Let's see when the wave iii end.

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If we look at Solana chart from distance, I see a three waves pattern of A-B-C for Solana as a general view. Also, I think Solana price can achieve much higher levels, beyond most people imagination. In other words, holders could somewhat experience Bitcoin's early years--or re-experience for those early stage holders of Bitcoin.

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It seems that SOL is moving upward in an ascending channel; thus, it is possible that wave iii ends when SOL reaches the channel's upper line. Let's see what happens.

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So, SOL broke the ascending channel downward, and the correction wave started. The possible area for correction wave v to end is shown. Let's see what happens.

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So, SOL is going up toward the ATH. Let's see what happens.

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SOL is not stopping! Going up to finish wave 3. Let's see what happens.

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Historically, SOL's previous wave 4 ended between 0.5 and 0.618 of Fib time zone. Could this happen for the current wave 4? It's close, let's see what happens.

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So, SOL is still in correction, and it seems an a-b-c correction pattern is unfolding; although, correction could turn into a complex one-let's hope not. Anyway, SOL first needs to break the correction triangle upward for continuation. Let's see what happens.

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So, SOL's correction is unfolding according to the analysis. Wave 3 is finished, and wave 4 is in play. Let's see what happens.

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So, SOL's correction is unfolding according to the analysis. Wave 5 is also finished. Just have to wait for confirmation and reversal signal. Let's see what happens.

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So, after wave 5 finished, SOL went up and broke the minor downtrend line, going toward the triangle's upper line. If SOL breaks the triangle upward, that means correction is finished; probably :) Let's see what happens.

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So, SOL broke the triangle's upper line, and is going up. Probably, there is going to be a minor correction. Let's see what happens.

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So, let's consider other possible scenarios for SOL. There is a chance that a Cup and Handle pattern is forming or has already formed. The first chart shows the scenario in which the Cup and Handle pattern is finished, and the SOL breaks the Handle upward. The second chart shows another possibility in which the Cup is still not finished; as a result, a Handle is waiting in the future. Let's see which scenario plays out.

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So, it seems the second scenario is unfolding; that is, the Cup and Handle pattern is not yet finished. Just have to wait for SOL to break the Handle upward. Let's see what happens.

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So, SOL broke the handle part too, although not finished yet, and is going up. Sol analysis got a little bit more complicated. It seems SOL behavior got more correlated to Bitcoin than before; just look at the cup and handle pattern formed in both coin. If this happens to be true, SOL's next wave might not rise as much as expected and one should look for when Bitcoin wave 5 ends to opt out from SOL too. On the other hand, the occurrence of cup and handle pattern in both coins might be just a coincidence, and thus SOL can rise much more than expected. Let's see what happens.

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So, SOL reached the ATH. Making a minor correction, one or two candels, is given. Let's see when SOL breaks the ATH price level.

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So, it seems SOL's correction wave ii is unfolding in an inverted-descending wedge pattern. Let's see what happens.

SaeedSalehinia

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