SOL / TetherUSLong
SOL
The analysis presents an Elliott Wave count for SOL/USDT on the 15-minute timeframe. Key observations include:
Primary Trend: A clear 5-wave upward structure is marked, with waves (i) to (v) completed.
Correction Phase: An ABC correction is identified, with wave C reaching within the Fibonacci retracement zone (0.618-0.786).
Wave Count: Within the correction, a smaller wave structure (w and ii) is outlined, with potential support near the Fibonacci levels.
Trendline: A descending trendline indicates resistance.
Potential: The current zone (blue rectangle) serves as a support or decision area for the next movement.
The analysis suggests a possible continuation of the uptrend if the support zone holds.
Primary Trend: A clear 5-wave upward structure is marked, with waves (i) to (v) completed.
Correction Phase: An ABC correction is identified, with wave C reaching within the Fibonacci retracement zone (0.618-0.786).
Wave Count: Within the correction, a smaller wave structure (w and ii) is outlined, with potential support near the Fibonacci levels.
Trendline: A descending trendline indicates resistance.
Potential: The current zone (blue rectangle) serves as a support or decision area for the next movement.
The analysis suggests a possible continuation of the uptrend if the support zone holds.
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