SOLUSDT 🧠 Elliott Wave Analysis
🔍 Market Structure & Wave Count:
After a strong bearish impulse, the market completed a complex corrective (A)-(B)-(C) structure.
The recent move up appears to be wave (2) of a larger downward impulse and seems to have finished.
We are currently in the early stages of wave 3 to the downside, aiming for a full 5-wave structure (1-2-3-4-5) within wave (C).
The final wave 5 is expected to complete in the demand zone (gray box) around 90–95 USDT.
📉 Short-Term Bearish Target:
Target zone for the completion of wave (C)-(B) lies around 97 USDT.
📈 Next Bullish Move (Rebound Target):
After completing wave (C), a new upward move in the form of wave (A) is expected.
This bullish corrective wave could reach up to 115 USDT, completing a larger A-B-C structure.
📊 Indicators:
MACD shows weakening bullish momentum – potential confirmation for wave 3 downside continuation.
RSI is near the oversold zone (~27) – supporting the idea of a wave 5 bottom and a bullish reversal afterward.
🧭 Conclusion:
➡️ Focus is on a final move down to complete wave (C) around 90–95 USDT.
➡️ After that, a possible long setup is expected for a corrective rally.
➡️ Great setup for swing or scalp trades using Elliott Waves + demand zone confluence.
Trade active
Running clean as f*ck. I'm looking for partial profit in wave 3 so I would have more money in wave 4-5 to add to my main short
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.