SOL near term top between 170-178$ next target 85$ in 2 months

May 17, 2024

SOL is on his way to complete the ABC zig-zag 1:1 around 169$ - 178$ as correction of the first 5 impulse waves down. Then fallow the second leg or the another 5 impulse waves down which will complete the long-term ABC correction. A very likely target is the long-term swing fibonaci tetracement at 0.618 around 85$. If the current ABC complete at above target around 169$ - 170$ the long-term ABC correction also point to the same level around 85$.

Long-term ABC
https://www.tradingview.com/x/mINjB8wU/

Near-term ABC
https://www.tradingview.com/x/yWe2GAAs/

If the price go above 185$ then my count is wrong!