Annual Solana Technical Analysis.

It should be noted that I have explained this analysis in detail on my YouTube channel

Attached you will find two images, both referring to the weekly timing of the asset. The only thing that changes is the structure of the Elliott waves, which is crucial to understanding the analysis.

ANNUAL ANALYSIS: After the ATH in the first week of November 2021, we were prepared for a correction of over 70%. This was based on the completion of Elliott Waves 12345 as indicators were showing weakness in bullish strength and a distribution was anticipated. At that time, we project the bearish phase, structured by the formation of Elliott's ABC correction waves. At that time, we expected the bottom of the correction and the start of the new accumulation to be around $69, a support that we later adjusted to $9 when we identified the lack of liquidity in that area.

In June 2022, we end ABC Elliott Waves and start accumulation between 25 and 50 USD. We were waiting with expectations for the break of the 25 support, since we knew that it would be the beginning of the C or Spring phase, the point at which we obtained the best price of the asset before a new bullish phase. Do not forget that Wyckoff's accumulation phases are composed of five stages called ABCDE. Currently, we have entered phase D, which is characterized by generating a "Last Point Support" (LPS), confirming that what were previously resistances will now serve as support. Additionally, we observe signs of strength (SOS) that can be identified thanks to the increase in volatility and volume.

Surely you will wonder what level Solana will reach in this new bullish phase that is about to begin. If we look at the structure of the asset, we can see that we are about to start an Elliott wave 3, which historically has been characterized as a wave of greater growth than wave 1.