DeFi CRV 5th wave or B bounce
Curve did a ~93% pump, is it done or are we going to see the 5th wave.
A look at DeFi index shows a potential bottom. We could go lower to 420 level.
In the 4H time frame we are in the 4th wave. Bounce can happen here or at the begging of impulse wave ~0.447$.
I've pointed out some important levels on fibs that also converge with volume levels to predict a potential target for final wave.
On lower time frames we could count like this and say that 5th wave already happened and now we are probably going to see ABC retrace.
Both time frames could be right.
A look at DeFi index shows a potential bottom. We could go lower to 420 level.
In the 4H time frame we are in the 4th wave. Bounce can happen here or at the begging of impulse wave ~0.447$.
I've pointed out some important levels on fibs that also converge with volume levels to predict a potential target for final wave.
On lower time frames we could count like this and say that 5th wave already happened and now we are probably going to see ABC retrace.
Both time frames could be right.
Trade active:
Adjusted the levels a bit. Waiting for confimation
Comment:
www.tradingview.com/x/ciQ7rqoD/420 level hit.