🚨 SOLANA ($SOL ) ELLIOTT WAVE UPDATE: 2 MAIN POSSIBILITIES TO WATCH
SOL is currently at a critical junction after its aggressive rally. Here is the dual-scenario breakdown:
1️⃣ POSIBILITY 1: 5-WAVE IMPULSE CONTINUATION (BULLISH)
• Current move is developing into a 5-wave impulsive structure.
• If price holds above the Wave 4 Invalidation Zone ($102.50 - $104.00), we expect Wave (4) pullback before launching Wave (5) toward $112.00 - $114.50 (Fib 1.236 - 1.618).
⚠️ Invalidation: Daily close below $102.94 invalidates this 5-wave setup.
2️⃣ POSIBILITY 2: ABC CORRECTIVE REVERSAL (BEARISH)
• The recent peak marks the end of Wave (c)/Wave (v).
• SOL may start a major ABC correction down to Wave 'a' target ($90.65 - $95.39), followed by a Wave 'b' bounce, before dropping to Wave 'c' ($80.00 - $85.94).
📌 CRITICAL LEVEL FOR BOTH SCENARIOS:
Breakdown & daily candle close below $98.49 will completely kill the macro bullish trend and confirm a shift to a broader bearish market.
NFA & DYOR! Which scenario do you think SOL will take? Let's discuss in the comments! 👇
SOL is currently at a critical junction after its aggressive rally. Here is the dual-scenario breakdown:
1️⃣ POSIBILITY 1: 5-WAVE IMPULSE CONTINUATION (BULLISH)
• Current move is developing into a 5-wave impulsive structure.
• If price holds above the Wave 4 Invalidation Zone ($102.50 - $104.00), we expect Wave (4) pullback before launching Wave (5) toward $112.00 - $114.50 (Fib 1.236 - 1.618).
⚠️ Invalidation: Daily close below $102.94 invalidates this 5-wave setup.
2️⃣ POSIBILITY 2: ABC CORRECTIVE REVERSAL (BEARISH)
• The recent peak marks the end of Wave (c)/Wave (v).
• SOL may start a major ABC correction down to Wave 'a' target ($90.65 - $95.39), followed by a Wave 'b' bounce, before dropping to Wave 'c' ($80.00 - $85.94).
📌 CRITICAL LEVEL FOR BOTH SCENARIOS:
Breakdown & daily candle close below $98.49 will completely kill the macro bullish trend and confirm a shift to a broader bearish market.
NFA & DYOR! Which scenario do you think SOL will take? Let's discuss in the comments! 👇
