$SOL SOLFDUSD (4H) – Possibility 2 5/8/2026 12:06
📊 Probability
🔴 Bearish: 68%
🟢 Bullish: 32%
SOL is currently trading inside a descending channel and testing the 74.23–75.04 resistance zone. As long as the price remains below this area, the bearish scenario remains valid.
🌸 Current Position
Price is currently developing wave b of 3 (submicro degree). The current rally may only be a temporary retracement before wave c of 3 begins.
Elliott Wave hierarchy:
🔴 Red: Minute
🟢 Green: Subminuette
🟣 Purple: Micro
🌸 Pink: Submicro
📊 Fibonacci Retracement (wave b)
• 0.500: 74.23
• 0.618: 75.04
• 0.764: 76.04
🎯 Fibonacci Extension (wave c)
• 1.000: 67.82
• 1.380: 65.21
• 1.618: 63.57
📌 Bullish invalidation:
A 4H close above 76.04 would weaken the bearish scenario and require a new wave count.
⚠️ Disclaimer: This is only one possible Elliott Wave scenario, not financial advice.
📊 Probability
🔴 Bearish: 68%
🟢 Bullish: 32%
SOL is currently trading inside a descending channel and testing the 74.23–75.04 resistance zone. As long as the price remains below this area, the bearish scenario remains valid.
🌸 Current Position
Price is currently developing wave b of 3 (submicro degree). The current rally may only be a temporary retracement before wave c of 3 begins.
Elliott Wave hierarchy:
🔴 Red: Minute
🟢 Green: Subminuette
🟣 Purple: Micro
🌸 Pink: Submicro
📊 Fibonacci Retracement (wave b)
• 0.500: 74.23
• 0.618: 75.04
• 0.764: 76.04
🎯 Fibonacci Extension (wave c)
• 1.000: 67.82
• 1.380: 65.21
• 1.618: 63.57
📌 Bullish invalidation:
A 4H close above 76.04 would weaken the bearish scenario and require a new wave count.
⚠️ Disclaimer: This is only one possible Elliott Wave scenario, not financial advice.