HI,
This analysics comprises of two parts,
The short term target and long term target.
For the short term target, prices are expected to move further down to form wave v of minor wave C around 29K.
For the long term target , the corrective wave 4 is expected to terminate around 29k for major wave 5 to proceed to form a long term bullish market. Using the RSI as a confluence to justify the wave count, you can witness an oversold position which is a sign of market reversal.
This analysics comprises of two parts,
The short term target and long term target.
For the short term target, prices are expected to move further down to form wave v of minor wave C around 29K.
For the long term target , the corrective wave 4 is expected to terminate around 29k for major wave 5 to proceed to form a long term bullish market. Using the RSI as a confluence to justify the wave count, you can witness an oversold position which is a sign of market reversal.