SOLUSDT

2022年1月17日

We might still see further downside in Solana. Overall this seems like a correction of the impulse wave that ended in the 5th wave at $259.00. The W leg seems to have been completed and the Y leg is forming, and it will terminate around $96.00, and if extended it can go to around $67.00. There is a pullback on the 0.618 extension, which is a usual occurrence. In some cases, the 0.618 extension can be a turning point. In crypto that is not a surprise, but I will remain bearish until I see a clear signal that shows the bulls are fully in control.