1. If we are in an ABC down with AB and BC leg being equal lenght we will be looking at a possible 10K target, it might sound like an extreme drop from our current price which is about a 71% further drop, which is a worse or best case depending how you look at it , if you have sold and want a big discount.
2. Pendant theory the other target right now is at 22.5K
3. 200 EMA on the weekly shows a 15-16k target.
One thing for sure we are heading down as the RSI on the Daily is really showing that we are overbought and still heading to do downside. Another way to look at when to buy back in I would suggest to keep eye on the daily RSI or VUMANCHU B indicator on the daily until there is a very big buy in signal. For right now there are no indication that we will be heading back up to 60k any time soon and really have a very deep dive.
2. Pendant theory the other target right now is at 22.5K
3. 200 EMA on the weekly shows a 15-16k target.
One thing for sure we are heading down as the RSI on the Daily is really showing that we are overbought and still heading to do downside. Another way to look at when to buy back in I would suggest to keep eye on the daily RSI or VUMANCHU B indicator on the daily until there is a very big buy in signal. For right now there are no indication that we will be heading back up to 60k any time soon and really have a very deep dive.