SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?
Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move.
🔹 Elliott Wave Analysis & Bullish Scenario
If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting:
✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance)
✅ $180-$195 (0.382 Fib & major supply zone)
✅ $220+ (Wave 3 extension target)
🔻 Bearish Scenario – Extended Correction?
If SOL fails to break $150, it could indicate that the correction is not yet over, leading to:
❌ Retesting $130 support
❌ Possible extended correction towards $113-$100 (1.272 Fib extension)
📌 Key Level to Watch:
🔹 A break & close above $150 signals bullish continuation.
🔹 A rejection could mean further downside.
📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
🔹 Elliott Wave Analysis & Bullish Scenario
If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting:
✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance)
✅ $180-$195 (0.382 Fib & major supply zone)
✅ $220+ (Wave 3 extension target)
🔻 Bearish Scenario – Extended Correction?
If SOL fails to break $150, it could indicate that the correction is not yet over, leading to:
❌ Retesting $130 support
❌ Possible extended correction towards $113-$100 (1.272 Fib extension)
📌 Key Level to Watch:
🔹 A break & close above $150 signals bullish continuation.
🔹 A rejection could mean further downside.
📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥
Pesanan dibatalkan
Updated new post with correct degree countNota
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.