Evening Update: Solana had every chance to bottom, but hasn't

Solana / USD FTX:SOLUSD

maikisch

Solana price continues to slice through Fibonacci support level like butter. With Fib Confluence in the low $40’s one would expect at least a consolidation for price to respect this support area before deciding to go through it. At the speed at which price breaches support I have no choice but to adopt the count of one lesser degree wave 4 bottom which is in the range of $12-$26.

The market cliché of “Nothing goes straight up or down” obviously was not a holder of Solana .

Best to All,

Chris

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