Price just bounced off Wave 4 and is now gearing up for Wave 5! Targets in sight:
$0.975 (1.0 Fib)
$1.049 (1.618 Fib)
Structureโs clean, momentum building. Letโs see if bulls can finish the wave strong! #CryptoSat
Crypto Sat
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$API3 โ Elliott Wave Structure Setting Up for Wave 5
That 45-minute chart's looking great, a clean 5-wave structure's happening:
Wave (3) topped near $0.91
Wave (4) retraced sharply and found support around $0.86
Now building momentum for Wave (5)
Projected Wave (5) targets:
1.0 Fib Extension: $0.975
1.618 Fib Extension: $1.049
As long as $0.86 support holds, this structure remains intact and bullish. A strong candle close above $0.89 could kick off the next leg up. Volume confirmation will be key.
Eyes on #API3 โ breakout potential is very real.
#Solana just broke down from a Rising Wedge on the daily chart! ๐ This pattern usually signals a trend reversal, and SOL is now testing a critical support zone. ๐ข
Key Levels to Watch: โก๏ธ Support: $170 ๐ Resistance: $200
A strong bounce here could reignite the bullish momentum, but if SOL slips below, we might see further downside ๐ #cryptosat
Crypto Sat
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$SOL Major Breakdown or Bounce? ๐จ
1Day Timeframe Analysis The price is testing the lower boundary of a long-term ascending channel at $169! ๐
๐น Rebound Scenario: If support holds, we could see a strong bounce towards $200 โ $225 ๐ ๐น Breakdown Risk: A confirmed drop below $169 could trigger a deeper correction towards $150 โ $125 โ ๏ธ
With momentum slowing, this is a critical decision zone for traders.
๐ Keep an eye on volume confirmation โ the next move could be explosive! {future}(SOLUSDT) #cryptosat