$SOL UPDATE 19/08/2026 17:00
In my current Elliott Wave count, I believe Wave 5 of the Purple Microstructure has potentially completed.
This Wave 5 is part of Green Subminuette Wave 1.
If this interpretation is correct, SOL should now begin developing a corrective structure toward:
Green Subminuette Wave 2
within the Purple Microstructure ABC.
I’m currently watching the following Fibonacci levels as potential areas for the Wave 2 correction:
🔹 0.382 — 75.09
🔹 0.500 — 74.27
🔹 0.618 — 73.44
🔹 0.764 — 72.41
The 0.382–0.618 zone will be especially important to monitor for a possible Wave 2 reaction.
For now, my interpretation is:
Wave 5 Purple → potentially complete ✅
Green Subminuette Wave 1 → potentially complete ✅
Next → Green Subminuette Wave 2 🔻
Of course, this remains a working Elliott Wave scenario. I’ll be watching the internal price structure closely to confirm whether the correction is actually underway.
Let’s see how SOL develops from here. 📉
In my current Elliott Wave count, I believe Wave 5 of the Purple Microstructure has potentially completed.
This Wave 5 is part of Green Subminuette Wave 1.
If this interpretation is correct, SOL should now begin developing a corrective structure toward:
Green Subminuette Wave 2
within the Purple Microstructure ABC.
I’m currently watching the following Fibonacci levels as potential areas for the Wave 2 correction:
🔹 0.382 — 75.09
🔹 0.500 — 74.27
🔹 0.618 — 73.44
🔹 0.764 — 72.41
The 0.382–0.618 zone will be especially important to monitor for a possible Wave 2 reaction.
For now, my interpretation is:
Wave 5 Purple → potentially complete ✅
Green Subminuette Wave 1 → potentially complete ✅
Next → Green Subminuette Wave 2 🔻
Of course, this remains a working Elliott Wave scenario. I’ll be watching the internal price structure closely to confirm whether the correction is actually underway.
Let’s see how SOL develops from here. 📉