With no added pressure from the stock market over the weekend it appears Solana was allowed to rally to almost $60. Provided we go no higher than the weekend high, that price will serve as our first clue whenever we do strike a bottom. Eclipsing that resistance area could be our micro wave 1. However let’s not get ahead of ourselves and focus on the bottom.

If wave 4 is over then we only have wave 5 to deal with. Call it intuition, but I don’t think it will be that simple. If Solana price really wanted to confuse traders, a triangle would drag this out drags all week. I have no information to suggest we’re in a wave 4 triangle now but a cut and dry wave move to cap off 4 seems too easy. Regardless I remain convinced we have NOT bottomed and will be patient to see what this week tells us in the form of clues.

Black arrows are my primary pathway whereas, purple shows potential triangle.

Best to All,

Chris