Solana (Binance: SOLUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, SOL began a wave one advance on April 10. The red wave one finished on the same day, and the red wave two (blue sub-waves a-b-c) correction ended on April 16. If this wave count is correct, SOL should be heading next towards the April 10 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Solana claims to be the world's first web-scale blockchain, with speeds of 50,000 tps without sharding. ElonTrades reviewed the project on April 11.
(Sources: https://solana.com/)How Will Solana Trade?
Solana (Binance: SOLUSD) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
SOL will takeout the April 10 peak
SOL will drop below the April 10 low
SOL will stay in a trading range between the April 10 low and the April 10 peak until May 22
Posted via Steemleo
