SOL/USD Speculation

According to Elliott wave rules, the upward impulsive wave seems to have ended on the SOLUSD pair. We would expect an ABC after the 5th impulse wave if this is going to be the second wave in the larger cycle.

This is the red abc that appears in the chart for the ABC expectation. There is still an incomplete image of wave a. After wave A is complete, a relief surge may come up. Again, this can be fast as an ABC, or it can make an extremely complex wxy, wxyxz wave.

I don't think it can make new ATH for a long time.