#Solana (#SOL ) 🇺🇸 Monitoring the wave count on the weekly timeframe
$SOL
Is the correction still ongoing? 🤔
The current price trend remains corrective, as evidenced by the details of the internal waves within the downtrend. The price may see a final decline through the sub-waves of Wave C within a larger-degree corrective wave—which represents Wave (2)/(B)—following the formation of an upward corrective wave via Wave B of this corrective wave and a break of a key level.
This corrective move could extend 〽️ to the first reversal support zones or even reach the second zone, as shown in the chart.👌
A breakout of a key level via an impulsive wave would give the green light to this positive scenario through wave (3)/(C).
$SOL
Is the correction still ongoing? 🤔
The current price trend remains corrective, as evidenced by the details of the internal waves within the downtrend. The price may see a final decline through the sub-waves of Wave C within a larger-degree corrective wave—which represents Wave (2)/(B)—following the formation of an upward corrective wave via Wave B of this corrective wave and a break of a key level.
This corrective move could extend 〽️ to the first reversal support zones or even reach the second zone, as shown in the chart.👌
A breakout of a key level via an impulsive wave would give the green light to this positive scenario through wave (3)/(C).