Update on 🧬SOL
🐝Asset has moved sideways, it's quite likely that we won't see the next impulse movement for a couple of months. From the wave theory perspective, I assume that we're developing a correction in the form of a triangle, after which we'll see the final 5th wave of growth. 📈
🔍On higher timeframes, it's clear that accumulation is happening above the key support level. The overall market sentiment leaves no doubt that we're in another sideways movement before a breakout higher. ⏳
❗️If we lose the local support level at $120, there's a possibility of testing the $80 level, in which case the correction will take the form of a zigzag instead of a triangle. The scenario doesn't change much, the overall direction after trading is still upwards. 💡
