Technical Analysis
Elliott Wave Breakdown – The Bigger Picture Unfolds!
SOL/USDT is currently offering an exciting Elliott Wave setup, and for all the wave watchers in the Binance Square family – this one’s for you! Let’s zoom in.
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🟢 Wave (A) is Complete – Correction in Progress
We saw a solid move up in green Wave (A), confirming bullish strength. But markets don’t move in straight lines, right? What followed was a corrective Wave (B) – shaping up beautifully as an A-B-C pattern.
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🔄 Inside Wave (C) of (B): The 5-Wave Impulse in Action
Here’s what we’re seeing:
Wave 1 – ✅ Completed
Wave 2 – ✅ Formed a healthy correction
Wave 3 – ✅ Strong extension, showing energy
Wave 4 – ⚠️ Currently unfolding (sideways/consolidating)
Wave 5 – ⏳ Expected soon to finish the full (C) leg
This 5-wave structure inside Wave (C) of the larger (B) wave aligns perfectly with Elliott Wave principles.
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📉 What Comes Next? Watch for the (C) Wave Drop!
Once Wave 5 of (C) finishes, we anticipate a larger downward Wave (C) to complete the full corrective sequence. This move could be crucial for positioning ahead of the next major impulse wave.
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⚠️ Key Reminder:
This Elliott setup stays valid as long as internal structures respect wave rules – especially alternation and wave proportion. Keep your eyes on Wave 4 behavior and watch for that final push of Wave 5.
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Stay Smart, Stay Safe
Trading SOL/USDT? Watch the waves, manage your risk, and remember: structure always comes first in Elliott Wave!
Let’s ride the waves together, Binance Square family!
#SOL #ElliottWave #TechnicalAnalysis #BinanceSquare #CryptoWaves
