Solana Price Today: The chart is currently experiencing a five wave move to the upside, and while bearmindies can always extend higher, the working support for wave 2 is now at $21. As long as we’re holding above $21, the focus can be on higher. A pullback may be due soon,

The Bullish Trend of the Bitcoin Chart

The chart is currently experiencing a five wave move to the upside, and while bearmindies can always extend higher, the working support for wave 2 is now at $21. As long as we’re holding above $21, the focus can be on higher. A pullback may be due soon, but bear in mind these can always extend higher. If we really are in a third wave rally, which we would be based on this count, it might just escalate higher because that’s what a third wave does. The chart will be very bullish in these third waves, and support can be very shallow, so we might not even get to the 50% retracement. The problem with third waves is that people tend to take profits too early, but in the heart of a third wave, the bullishness just carries on.

Possible Corrective Movements

If we get a wave 2 correction now, we’re looking at it breaking below the trend line as the first signal, and then it could break below the 50% retracement to work out as a minimum for a wave. This would be an ABC correction, and typically, you would expect the 50% retracement to work. The pullbacks were very shallow in wave two, but that would just be something like that an ABC correction. Then, you would be expected to work as a minimum for a normal for a wave two. As a 50 resp., the 40 retracer would work in a minimum, and that is the 50% retracement for a maximum. Solana is not telling you that we have already topped off.

Ascending Wedge Pattern

We’re in this ascending wedge at the moment heading into an apex here, but for now, I would assume that it’s just based on probabilities we would see a pullback to the below. However, do not mistake that for something bearish; it would just be a pullback in a larger, let’s say, upside scenario. The latest working support that we can have here is $21, and as long as it’s holding, we can focus on higher.