Getting a strong pull back now after rejecting at the 2.618 Fib which was also our Wave 5 level, we also saw some significance selling into the extended Wave 5 too by insiders.
Price action has run from $31 to $260 since the start of 2023, so this was certainly an impressive resurgence for the crypto sector.
It is in need of an ABC correction now, especially with how aggressive Wave 5 was.
Wave C target is at $151.
NalaikPanda
2024-03-19 13:48:45 +0000 UTC