$SOL
Good afternoon everyone!
After meeting the approximate rejections in the $117.26 area, I hope you were able to take advantage.
We are very close to the end of the quarter and, looking at the outlook for the rest of the year, we have the W pattern much clearer on the chart.
As can be seen in the structure, the rejection at $124.94 suggests the development of two possible harmonic models:
Projection Scenarios:
Probability 1
If the price were to break the $94.86 support (unlikely since it is the 60% confirmation that has held firm), we could see an Anti-Cypher W pattern, projecting a retracement between $80.77 and $70.00, and then resuming the bullish impulse toward $172.39.
Note: It is still possible to see an impulse toward $129.52 before the close or at the start of the quarter. Personally, I expect a rejection reaction at $128.00. Chart 1.
Probability 2
I believe it will not break the $94.86 support. For the quarterly close, it still needs to reach at least the $128.00 zone, completing the Anti-Gartley W structure (its minimum was at $60.78 and its maximum at $349.78). However, at the opening of the last quarter, it could retrace toward the $109.91 - $97.91 range. Chart 2.
📌 Summary of Key Levels (Rejections and Bounces):
🔴 Rejection Zones (Short / Sales):
Rejection 1: $126.73
Rejection 2: $128.29
Rejection 3: $153.00
🟢 Bounce Zones (Long / Buys):
Bounce 1: $109.91
Bounce 2: $97.91
Bounce 3: $94.86 (Key 60% support)
Bounce 4: $85.95 (Extreme / Unlikely)
If you found this update useful, don’t forget to 👍 Like 👍 and share.
Thanks for valuing and following me!
Trader Libélula 🦋🦋🦋
Disclaimer: This analysis reflects only my personal market opinion and is shared for purely educational and informational purposes. Under no circumstances does it constitute financial advice, an investment recommendation, or trading guidance.
#Write2Earn #solana #SOLUSDT
Good afternoon everyone!
After meeting the approximate rejections in the $117.26 area, I hope you were able to take advantage.
We are very close to the end of the quarter and, looking at the outlook for the rest of the year, we have the W pattern much clearer on the chart.
As can be seen in the structure, the rejection at $124.94 suggests the development of two possible harmonic models:
Projection Scenarios:
Probability 1
If the price were to break the $94.86 support (unlikely since it is the 60% confirmation that has held firm), we could see an Anti-Cypher W pattern, projecting a retracement between $80.77 and $70.00, and then resuming the bullish impulse toward $172.39.
Note: It is still possible to see an impulse toward $129.52 before the close or at the start of the quarter. Personally, I expect a rejection reaction at $128.00. Chart 1.
Probability 2
I believe it will not break the $94.86 support. For the quarterly close, it still needs to reach at least the $128.00 zone, completing the Anti-Gartley W structure (its minimum was at $60.78 and its maximum at $349.78). However, at the opening of the last quarter, it could retrace toward the $109.91 - $97.91 range. Chart 2.
📌 Summary of Key Levels (Rejections and Bounces):
🔴 Rejection Zones (Short / Sales):
Rejection 1: $126.73
Rejection 2: $128.29
Rejection 3: $153.00
🟢 Bounce Zones (Long / Buys):
Bounce 1: $109.91
Bounce 2: $97.91
Bounce 3: $94.86 (Key 60% support)
Bounce 4: $85.95 (Extreme / Unlikely)
If you found this update useful, don’t forget to 👍 Like 👍 and share.
Thanks for valuing and following me!
Trader Libélula 🦋🦋🦋
Disclaimer: This analysis reflects only my personal market opinion and is shared for purely educational and informational purposes. Under no circumstances does it constitute financial advice, an investment recommendation, or trading guidance.
#Write2Earn #solana #SOLUSDT
