The target zone all depends on what BTC decides to do here, we can still correct lower to the $19.95k range, but means that the bounce will be higher.
Wave 5 would be the 1.618 retrace of wave 4 which bring us to around $21.65k which imo there is a lot of liquidity to be tested there.
RSI on the 1hr also is at lows, once it bounces and breaks the resistance trend line, expect moves higher.
Wave 5 would be the 1.618 retrace of wave 4 which bring us to around $21.65k which imo there is a lot of liquidity to be tested there.
RSI on the 1hr also is at lows, once it bounces and breaks the resistance trend line, expect moves higher.
Trade closed: target reached