Morning Update: First $87 then $170 by EOY?

As we await these final squiggles in the next couple weeks...it's time to give my followers some longer term perspective.

The attached chart shows all potential pathways for price to take. I'll explain the most probable (My Primary Count) to least probable pathways (Alternative Counts).

1) Primary Count: (RED ARROWS) After some relentless selling SOL is now consolidating with an upward bias. This should reconcile in the area $102-$105 with an outsized chance of $109 (The Danger Zone). From there we should see a decline to the $87-$92 area at least. Without a micro top in place it's speculation to forecast any tighter a range. This will represent a bottom to own. If you're reading my posts and you DON'T Solana, I believe there will be no better entry area in 2022.

Price should head to the area of $170 this year.

2) Alternative 1: (BLACK ARROW) Price continues lower into the high $60's to complete wave 5 of C of major wave 2. This will represent a long-term bottom.

3) Alternative 2: (BLUE ARROW) We will come into the danger zone, surpass it and continue higher into the $170 for a B wave high of major wave 2. This is the least likely alternative in my opinion.

I'll update tonight on today's price activity.


Best to All,

Chris