Technical analysis by ElliotXSolana about Symbol SOL: Sell recommendation (4/16/2025)

SOLUSDT We may have found a potential local bottom at yellow Wave A, and are now tracking a move towards yellow Wave B.This yellow Wave B appears to be unfolding as a 1-2-3-4-5 structure: Waves 1-2-3 are likely completed. Waves 4 and 5 could still be ahead. This full impulse may form part of a larger A-B-C correction, completing the final yellow Wave B.In the black wave count, the 1-2-3 move is finished.Within Wave 3, we saw a clean internal 1-2-3-4-5, confirming the completion of that wave.Currently, I’m tracking the move from black Wave 3 to black Wave 4 as a developing A-B-C correction: Wave A is potentially in. We are now in the resistance zone of Wave B, which could lead to the final drop into Wave C.After completing Wave 4, I expect an upward move into black Wave 5, starting with an initial A-wave.This should then form another A-B-C structure, leading to the completion of the final yellow Wave B.Tp 115.5 sl 135.7wave 3 not finished yet looking for one more high then we can potentially see the abc structure to wave 4