Solana
Long

SOLANA ready for Explosion? Textbook Elliott Setup unfolding

497
Solana – Textbook Elliott Wave Structure Unfolding!

Clear impulsive fractals, textbook ABC corrections, and precise Fibonacci reactions – this 1h chart on SOL is a dream for any Elliottician.

We’re currently finishing wave C of (4) within a well-formed bullish impulse. Key support lies between $170–$173, aligning perfectly with the 38–50% retracement zone. From there, I expect wave 5 to launch, targeting $232.46 (1.618 extension), which would complete the green (3) wave.

Both RSI and MACD suggest we're approaching exhaustion – a healthy reset here could provide the perfect setup for the next breakout.

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