SOLAR Coin (SLR): Is the Breakout Real?

SUMMARY

SLR/BTC started with an impulse of five waves up (white). As is often the case, the subsequent correction was a ABC but with some complex price movements as shown. The key is if the breakout is a true breach of the upper purple resistance line. With the backdrop of the Cryptosphere correction, it would require a bit closer look.

Here are the subwave counts as shown. Wave C five waves are showing that completion could be near since 1,2,3,4 are well placed and 5 remains to complete.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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