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Technical analysis by Avangelina about Symbol SOL: Sell recommendation (11/20/2023)

https://sahmeto.com/message/580389
Avangelina
Avangelina
Rank: 6319
1.5
Sell،Technical،Avangelina

Okay, so SOL is breaking out of the bullish channel and my final prediction is $32 sometime in February. I believe that SOL is in an Elliot Wave correction and the previous (1) of the bullish run will be support. That price is $32. SOL has to breakout bearishly from the current channel to form a new bullish channel. My prediction is a $39 low for SOL, then a bounce or relief rally from $39 and then a full correction to the bottom at $32. SOL is coming down because Bitcoin's coming down after getting rejected from 38k, which I predicted last year that this rejection would happen. Bitcoin is coming down to about 31k, which I predicted last year. I used 37k rejection and then a 30k whale support.

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$59.82
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