The fundamentals of an Elliot Wave are respected, therefore if we are past the Wave 4 and moving into Wave 5 we could (i) hit wave A in 1.618 fib level at 56k and drop or (ii) the many predictions at 64k / 65k where the principle of Wave 5 = Wave 1.
MACD, Stoch, RSI already shown signs of reversal from the bottom.
MACD, Stoch, RSI already shown signs of reversal from the bottom.
Comment:
There is noticeable micro waves at the start of Wave 5. We also managed to line the green candles along the Wave 5. However, candles will not stick to the prediction most of the time. Expect the candle to drop below Wave 5 but cruising along with it.