Solana - 4H Elliott Wave Analysis
2024-11-19

Greetings, this is my 4H count for Solana.

Currently we are working on the 5th Wave of the white 5 Wave move up which would finish the blue Wave 3. We did hit the first target for the blue Wave 3 at 137.19 USD but it seems we have the potential to go a bit higher.

You can see the support area for the wave count within the white Wave 5. We assume that the white Wave 5 is in the making as long as we stay above 215 USD.

We added further targets for the blue Wave 3. Next targets are the 1.236 FIB at 262.14 USD, the 1.38 FIB at 278.63 USD and the 1.618 FIB at 308.20 USD.
Noteworthy is that the 1.236 FIB at 262.14 USD is right above the ATH. 
Additionally we got some more FIB confluences between the 1.236 FIB and the 1.38 FIB.
We got a higher degree target at the 0.786 FIB at 268.91 USD and at the 1.618 FIB at 265.89 USD. The 0.786 FIB target of the white Wave 5 is also at 267.20 USD.

After we top in the blue Wave 3 we want to see a pullback in blue Wave 4.
Currently the support area for the blue Wave 4 is between the 0.236 FIB at 218.13 USD and the 0.5 FIB at 184.22 USD. We do not want to drop substantially below the 0.618 FIB at 169.06 USD.
The blue Wave 4 support area will move up if we get a higher blue Wave 3.

If you are interested in a more detailed count of the white Wave 5 it is recommended to read my last Solana publishing called "Solana - 1H Elliott Wave Analysis".

Thanks for reading.

NO FINANCIAL ADVICE.
