SOLANA WILL NEVER UPDATE ATH AGAIN !?
2022-11-04

📣 Hello everyone! - I bring to your attention my very long-term view of the SOLANA coin exclusively from the point of view of TA, namely Elliott wave theory. 

Brief explanations:

1️⃣ The pulse five of the secondary wave level ended in November 2021, marking ATH at $259.90, and (1) of the primary wave level is already on my chart there. 

2. After a very powerful bullish impulse, a long-term correction began, and judging by the fact that the impulse five has already passed in wave-a, which ended at the level of wave-4 triangles, I assume that at least we can count on the ABC zigzag, the ultimate goal for which is the 618th fiba - 8$ for a coin

3 . Looking ahead, I am inclined to believe that there will most likely be a double zigzag WXY for 5 years, and the final goal of the correction wave (2) of the primary wave level is $ 3 per coin. In this case, in the future bull market, SOLANA will not update its ATH of $ 259.90, and we will only see a good pullback in wave-X, and after the bull market ends, the coin will go in search of its next bottom. 
It will be possible to speak more specifically about the confirmation or refutation of this wave marking only after wave-b of the first zigzag has passed and the goal in wave-c at level 8 has been achieved. 


Why Solana may NEVER update ATH 259.90$ again? - Everything is very simple here, the pulse wave (3) of the primary level may simply not start, and the reasons here will be fundamental - the project will simply be dead and no one else is interested, this is the death of the instrument and many coins are waiting for it, not only SOLANA. If the project is really alive and developing, after such a long bear market, it is likely that we will see the start of wave (3) of the primary level and new price records. 


🤑 What is it now? - medium-term:

As I said above, I think that the fall has most likely ended and the growth within 3-6 months to at least $ 60 looks quite real, the maximum in the most optimistic scenario I see $ 90, I think that most likely this level will not be broken at the 1M half, only punctures. 


⚠️ And in conclusion, I wish you good luck in making your own deliberate trading decisions and profit ✊ Bye!