Technical analysis by Heswaikcrypt about Symbol SOL: Buy recommendation (6/30/2024)

Using STIC indicators v1 and v2 helps identify bullish/bearish flips and potential major or minor corrections. In combination with plotting Elliot wave impulsive and corection waves, we can see that SOL is currently in impulsive wave 2 and corrective wave C, which is pointing to the end of wave 2, as shown here on the lower timeframe: tradingview.com/x/IMmsy603/. As long as the bullish bearish market flip line holds (green MA line) using STIC v2, the bullish momentum should continue. Position accordingly.I use STIC (Smart trading and Investment Companion) to identify my entries and exits#TradesmartlyElliot wave setup gets invalidated if the wave encroached into the previous waves. like the wave 2 setup, if price falls belows the or at the wave 2 price, then Elliot wave is invalidated. There is a possibility of that happening as there are still liquidity below the 200MA. as seen here that can lead to a potential double bottom which is still bullish.