Solana - 15 min Elliott Wave Analysis
2024-11-22

Greetings, here is a 15 min update for Solana.

We have hit the green Wave 2 support communicate in our last 15 min Elliott Wave Analysis for Solana and have seen a rally in green Wave 3 from it.

The targets for the rally in green Wave 3 are at the 1 to 1 FIB at 260.05, the 1.236 FIB at 267.18 USD. the 1.38 FIB at 271.54 USD and the 1.618 FIB at 278.73 USD.
If you want further upside targets and a more detailed analysis of them I recommend you reading our last 1H Elliott Wave Analysis! I'll link it below in the notes! :)

Here we want to discuss the next key prices to see the rally extend.
After green Wave 3 tops out we expect a pullback to the support area in green Wave 4 which sits between the 0.236 FIB at 252.28 USD and the 0.618 FIB at 240.94 USD. A break below the 0.618 FIB at 240.94 USD would indicate that blue Wave 3 and white Wave 5 are in and we started a bigger pullback in blue Wave 4. A break below 229.60 USD would be further confirmation.

Be aware that the green Wave 4 support can morph and change if green Wave 3 extends to the upside and that if we break the ATH we will enter price discovery.

Thanks for reading.

NO FINANCIAL ADVICE.