Technical analysis by AMA_FX about Symbol SOL: Sell recommendation (2/8/2025)

No one can confidently prospect the end of a correction but we can expect its existence. After a long time rally it make sense to see an appreciable correction of SOL. What I am seeing in this chart is the weakness of trend and we should wait to see what pattern it makes for wave II. There are 2 scenarios for wave 5 Primary.In scenario 1, wave 5 Primary was finished in Jan 13 and we are in the wave a of IIorWe will see am ending diagonal that takes longer time which is not as possible as scenario one. I expect a considerable correction for wave II, at least down to the level of wave 4 Primary or even down to wave (4) intermediate. Thanks