$SOL Advanced Wave Analysis for Binance Square Traders
š Elliott Wave Structure ā Whatās Unfolding?
Solana (SOL/USDT) is currently developing a clean corrective wave sequence, and the Elliott Wave count is unfolding with precision on the current timeframe.
Weāre mid-way through a complex corrective move, and price action continues to follow textbook wave behavior ā offering smart traders a roadmap into whatās next.
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š§ Current Wave Count Breakdown
The recent move up from the local low has formed a 5-wave impulse (labeled in yellow).
Wave 3: Already completed.
Wave 4: Currently forming a classic A-B-C flat correction.
Wave 5: Expected to follow next, completing wave (C) of (A).
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š What Comes After?
Once this 5-wave impulse completes, we anticipate:
1. A retracement forming wave (B) of the broader corrective structure.
2. A final push up into the green target zone, completing wave (C) of (B).
After this corrective phase wraps up, a larger 5-wave decline is expected ā marking the completion of the macro Elliott structure.
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Validity & Wave Rules
The current count remains valid as long as the core Elliott Wave rules are respected, including:
Wave 4 does not enter the territory of Wave 1.
Wave 3 is never the shortest among Waves 1, 3, and 5.
Proper A-B-C formation in the corrective waves.
These wave conditions give this analysis high confidence for active Elliott Wave traders.
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š Key Takeaway
SOL/USDT is mid-cycle in a sophisticated Elliott correction. This offers both:
Short-term bullish opportunities (completion of Wave 5)
Mid-term bearish preparation (macro Wave C downtrend)
Patience and precision are key ā ride the waves, donāt fight them.
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