$SOL update another posibility
SOLUSD - Elliott Wave Analysis: Potential Wave ii Retest Before Wave iii Drop
Description:
SOL/USD (1H) โ POSSIBILITY 1
Solana is currently completing its Elliott Wave corrective structure. After finishing the initial impulse wave down (Wave i), price is expected to rebound short-term to complete Wave ii (ABC corrective structure) before continuing its move down toward Wave iii.
๐ Key Technical Levels:
Wave ii Retest Area (Fibonacci Zone): 0.382 โ 0.764 ($115.40 โ $118.21). This acts as the potential reversal zone for Wave ii.
Wave iii Target Zone: $105.06 โ $106.83 (Fibonacci Extension 1.38 โ 1.618).
Current Price: ~$114.92
๐ Trading Scenario:
Short-Term Rebound: Price could push up towards the $116.27 โ $118.00 zone to finish Wave (C) of Wave ii.
Key Accumulation Area: The primary spot buy / accumulation zone sits around Wave iii ($105.06 โ $106.83) or lower near Wave v support.
โ ๏ธ Disclaimer: This analysis is for educational purposes only. Always practice proper risk management.
SOLUSD - Elliott Wave Analysis: Potential Wave ii Retest Before Wave iii Drop
Description:
SOL/USD (1H) โ POSSIBILITY 1
Solana is currently completing its Elliott Wave corrective structure. After finishing the initial impulse wave down (Wave i), price is expected to rebound short-term to complete Wave ii (ABC corrective structure) before continuing its move down toward Wave iii.
๐ Key Technical Levels:
Wave ii Retest Area (Fibonacci Zone): 0.382 โ 0.764 ($115.40 โ $118.21). This acts as the potential reversal zone for Wave ii.
Wave iii Target Zone: $105.06 โ $106.83 (Fibonacci Extension 1.38 โ 1.618).
Current Price: ~$114.92
๐ Trading Scenario:
Short-Term Rebound: Price could push up towards the $116.27 โ $118.00 zone to finish Wave (C) of Wave ii.
Key Accumulation Area: The primary spot buy / accumulation zone sits around Wave iii ($105.06 โ $106.83) or lower near Wave v support.
โ ๏ธ Disclaimer: This analysis is for educational purposes only. Always practice proper risk management.