Technical analysis by cryptoanteger about Symbol SOL: Buy recommendation (1/31/2024)

cryptoanteger

Solana is following a 240 day cycle( purple line ) spread in 3 X 80 day cycles ( red lines) the low of which is due in April .You can match with previous purple lines , you ll find a low there .We are currently on B ( 2nd wave ) of corrective wave .In this wave prices will rise to 120$ , that too in 3 subwaves 1st up from 80$ to 105$ - just finished 2nd down to 93$ levels - just started today 3rd up to 115-120 $ and then B wave will be over ..Trades can be places at ,90$ + levels to exit at 115$+ levels currently .Long term BUY can't start till the three waves are over .This will happen when the next wave gets over which is C wave expected in Mid April .So in a nut shell, Long term buy in mid April at 80$ Short term trade at 90$ + in the next 2-3 days and sell this position at 115$.Trade has reached its Target of 115 $ closed .Now waiting for the dip for a buy back