Solana declined 11% on Saturday. BORING SATURDAY. I’m concerned about what happened Saturday in Solana . I write constantly about clues. Well, Saturday was a clue. A BIG ONE…and I fear it’s telling me we’re actually in a wave 5 of C of 2 rather than a B wave bottom.

Here’s my readout given what happened Saturday. I do not think Solana bottomed on Saturday. MACD registered Saturday’s decline had the most force since the recent decline started at $110.95. Therefore, I do believe price will take out that low. How it will do it will be very key to how investors should react.

The only case I have left for a B wave low is attached to the chart now. If we go lower then the target area of $80-$76, then my ALT count of new lows in a final wave 5 is the correct path that should reconcile in the $60-$70 area.

Best to All,

Chris