Technical analysis by ElliotXSolana about Symbol SOL: Buy recommendation (4/10/2025)

SOLUSDT 🚀📉🔁We are likely approaching one of the final moves down before a significant push higher. But before that, I expect one last move up to the $142 area, forming what I believe is a Red ABC corrective structure.🔴 Red Wave A-B-C Red Wave A has likely already completed, confirmed by a clean White ABC move. We are now inside Red Wave B.✅ Ideal Long Entry Zone The ideal entry would be near the 88.7% Fibonacci retracement, which aligns with Green Wave B around $119.4. From that level, I expect a drop down toward $100, completing Red Wave B.🔄 What Comes After?From the $100 zone, two possible scenarios for Red Wave C (or Wave 1 of a new impulse): A 1-2-3-4-5 impulsive wave structure to the upside Or a corrective A-B-C structureWe’ll need to carefully watch the first move out of the $100 zone: A 5-wave move would suggest a new bullish impulse has begun A 3-wave move might just be a larger corrective rally🎯 Upside Target: $142Once we hit $142, I anticipate another corrective move downward.This could take the form of: A clean ABC A complex correction (A-B + 1-2-3-4-5) Or even a direct impulsive 5-wave dropAgain, the key is watching the first leg down from $142 – whether it's impulsive or corrective will define the entire next phase.⚠️ Summary: Current focus: Entry near $119.4 (88.7% Fib), targeting $142 Caution: Expect volatility – structure will only become clear wave by wave Watch: Reactions at $100 and $142 for structure confirmationLet me know what you think below!Like & follow if you enjoy deep EW breakdowns!Looking good so far, we stay in the area of the fib sell zone. But we need to get more momentum. Maybe we can see a move to the dowisde with the next news.We can see that the ABC structure hasn’t completed yet.Initially, we identified an ABC correction, but the move from B to C didn’t unfold as an ABC pattern as expected — instead, it developed as a 1-2-3-4-5 impulse.Now, we’re looking for another lower low to potentially form a higher B wave, followed by the final move down to complete wave C.