Technical analysis by afurs1 about Symbol SOL: Buy recommendation (9/9/2025)

Solana is currently forming a very interesting potential ABC corrective structure leading into the 1-1 trend based fibonacci extension being approx. $215. The end of this current Wave C is forming an ending diagonal nearing the apex. According to Elliot Wave theory, ending diagonals (wedges) tend to occur when the existing directional trend is showing signs of exhaustion and requires a pricing reset/rebalance. This can occur as a very fast, sharp move downwards before continuing in the direction of the broader trend which remains to the upside. What interests me is the several zones of confluence that line up just below $180, being the overall target of the wedge, as well as the location of both major VWAP's from the high and the low , that can act as major support zones for a bounce. This drop could be fast and scary, likely to shakeout many traders and investors especially those on high leverage. Ive set my alerts here at the zone for a major long trade that could sustain itself to new highs.Here is how I would count it. Meanwhile the trend based fib extensions are respecting the wave analysis.We instead simply pumped and dumped into the weekly level. And this scenario may be very real going into the next few daysHere we go, I would also be aware of the 147ish zone, which is the most traded price within the zoneLong Trade active!Dont know If I really like this price action. Lets sit out for now and wait for some more clarity.