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Solana: In the Wave 🚀
$SOL
Since the light green wave 2 low at $133.18, Solana has been progressing within wave 3, which is expected to develop through a green five-wave substructure. The current internal wave [ii] correction appears to still be ongoing, as there are no clear upward impulses signaling the start of wave [iii] yet.
We anticipate further minor declines, but the price is expected to transition into the green wave [iii] above the critical support at $133.18. A break below this key level would activate a 30% probability of an alternative wave count, potentially leading to further downside.
Conversely, Solana has already tested significant levels during wave [ii], so an immediate rally above the $264.32 resistance cannot be ruled out. Traders should watch these key levels closely for confirmation of the next move.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and risk management before making any trading decisions.
#CryptoTrading #Solana #SOL #WaveAnalysis
$SOL
Since the light green wave 2 low at $133.18, Solana has been progressing within wave 3, which is expected to develop through a green five-wave substructure. The current internal wave [ii] correction appears to still be ongoing, as there are no clear upward impulses signaling the start of wave [iii] yet.
We anticipate further minor declines, but the price is expected to transition into the green wave [iii] above the critical support at $133.18. A break below this key level would activate a 30% probability of an alternative wave count, potentially leading to further downside.
Conversely, Solana has already tested significant levels during wave [ii], so an immediate rally above the $264.32 resistance cannot be ruled out. Traders should watch these key levels closely for confirmation of the next move.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and risk management before making any trading decisions.
#CryptoTrading #Solana #SOL #WaveAnalysis
USDCAD Wave Analysis
The USDCAD pair reversed sharply downward from the pivotal resistance level of 1.4080 today. This key level, near the upper daily Bollinger Band, has consistently held since early November, marking the 5th failed attempt to break above it.
This strong resistance suggests a bearish# outlook for the pair. USDCAD is likely to continue its decline, targeting the next support level at 1.3990—corresponding to the low from the minor correction at the end of last month.
Traders should monitor this level closely as the pair tests new lows.
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#ForexTrading #USDCAD #WaveAnalysis #MarketInsights
The USDCAD pair reversed sharply downward from the pivotal resistance level of 1.4080 today. This key level, near the upper daily Bollinger Band, has consistently held since early November, marking the 5th failed attempt to break above it.
This strong resistance suggests a bearish# outlook for the pair. USDCAD is likely to continue its decline, targeting the next support level at 1.3990—corresponding to the low from the minor correction at the end of last month.
Traders should monitor this level closely as the pair tests new lows.
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#ForexTrading #USDCAD #WaveAnalysis #MarketInsights
🚨 XRP Update: Wave D in Progress!
📊 Current Stats:
Price: $2.2658 📉
Daily Change: -1.22%
🌟 Market Insights:
After a strong bounce off the trendline for wave C, it appears wave D is forming, aiming for $2.60 🎯.
This ABCDE pattern should unfold in 5 waves, and we’re just getting started!
🔍 Short-Term Outlook:
Currently working through wave 2 with key levels to watch:
$2.12: Typical .618 retrace target.
$2.17: Important .5 retrace and strong historical support.
Dips to the trendline remain valid within this pattern!
💡 Key Levels to Hold:
Maintaining these levels is crucial to preserving the ABCDE pattern. If successful, we could see a stronger wave 3 push toward $2.60 🚀.
📌 What to Watch For:
Price Action, Wave Count, and RSI will help confirm a local bottom.
Stay patient and optimistic as the pattern unfolds—it’s all about precision!
Wishing you a wonderful weekend! ❄️
#XRP #CryptoSignals #WaveAnalysis #BTCNextMove
📊 Current Stats:
Price: $2.2658 📉
Daily Change: -1.22%
🌟 Market Insights:
After a strong bounce off the trendline for wave C, it appears wave D is forming, aiming for $2.60 🎯.
This ABCDE pattern should unfold in 5 waves, and we’re just getting started!
🔍 Short-Term Outlook:
Currently working through wave 2 with key levels to watch:
$2.12: Typical .618 retrace target.
$2.17: Important .5 retrace and strong historical support.
Dips to the trendline remain valid within this pattern!
💡 Key Levels to Hold:
Maintaining these levels is crucial to preserving the ABCDE pattern. If successful, we could see a stronger wave 3 push toward $2.60 🚀.
📌 What to Watch For:
Price Action, Wave Count, and RSI will help confirm a local bottom.
Stay patient and optimistic as the pattern unfolds—it’s all about precision!
Wishing you a wonderful weekend! ❄️
#XRP #CryptoSignals #WaveAnalysis #BTCNextMove