XEMBTC appears to be about to complete wave 2 as it approaches the midpoint of the 0.5 and 0.618 of the recent bullish move.
We also appear to be in a downward wedge on what looks to be the 5th subwave of the corrective C wave
Wave 3 comes next and the first target is a 1:1 extension of wave 1, which puts the value at approx 7000 sats.
It was a reasonable retracement so we should also keep an eye on the 1.618 extension, which is at approximately 8700 sats.
Don't forget to do your own research...don't rely on this idea to trade your hard earned cash. Happy hunting.
We also appear to be in a downward wedge on what looks to be the 5th subwave of the corrective C wave
Wave 3 comes next and the first target is a 1:1 extension of wave 1, which puts the value at approx 7000 sats.
It was a reasonable retracement so we should also keep an eye on the 1.618 extension, which is at approximately 8700 sats.
Don't forget to do your own research...don't rely on this idea to trade your hard earned cash. Happy hunting.
Comment:
Zoom in on where I think we are
