EW-Analysis // Solana (SOL) 12/03/24

3 ธ.ค.

Hi everyone,
today we'll have a brief lool at Solana...

Please note the DISCLAIMER at the end of this idea!

A brief overview of Solana:
Solana is a blockchain platform launched in 2020, known for its high scalability and low transaction costs. Developed by Anatoly Yakovenko, Solana aims to enable fast and efficient decentralized applications (dApps). Using innovative technologies like Proof of History (PoH), Solana can process thousands of transactions per second, offering a powerful alternative to established networks like Ethereum. ~chatgpt

Now, let's move on to the analysis...
The broader structure of Solana looks bullish, as it’s highly likely that SOLUSD has already completed Wave 2 and is now in Wave 1 of the following Wave 3.
Looking at the current situation, it appears that Wave 3 of 1 has initially concluded, meaning we should currently be in Wave 4. This wave could extend up to $198.05, with the subsequent target around $315. After reaching this level, a somewhat stronger correction is expected.

I hope you found my idea helpful and understandable. If so, feel free to drop a rocket! 🚀
Wishing you a successful trading week and hope you are doing well.

Best regards,
Rafi

DISCLAIMER:
The information provided above is an idea and does not constitute investment advice or trading recommendations! No guarantee or liability assumed!