Ethereum Classic, Solana & Polygon — Asian Wrap 3 August

Ethereum Classic price shows the first impulse move up. Fractal Wave Theory has been implemented to outline a conservative wave five outlook. Targets could extend but should target 42 and possibly $47.50. Invalidation of the uptrend bias is a breach of $28.

 

Solana price continues to face resistance, yet the bears cannot make much profit from suppressing the price. Solana price shows extreme turbulence to start the month of August. The bears have been unable to conquer any grounds as the Solana price continues to hover in the congestion $40 zone.

 

MATIC rice has been one of the best performers in the crypto space. The technicals suggest one more wave up towards $1.20 is a high probability, but a decline towards $0.69 remains in the cards. Invalidation of the uptrend should remain at 0.54.