EuroMotif

WAVES.btc hit target EXACTLY, is it Done? Retrace possibilities

BITTREX:WAVESBTC   Waves / Bitcoin
WAVES hit our "Minimum Expected" Target EXACTLY (click).
It looks to have Triple Topped at that resistance that was forecast.
The pullback has stopped at first support for now, but unlikely to hold.

IF the retrace is to continue, here are some possibilities.
The ew wave paths are GUESSES, but the Zones are SOLID.
Expect a reaction at each zone, and observe for more clues.

It is certainly POSSIBLE that we bounce off this support to new highs.
But that seems UNLIKELY given the shape and fib of the pullback so far.
Bulls can prove me WRONG by busting 14k sats with some strength/volume.

13.6k-13.5k is immediate resistance, could be touched TWICE per ew waves.
13.9k-14.0k is the "Bearish Invalidation" zone, throwout the EW and go by fibs.
15.0k-15.1k is the "Strong Resistance" that will be very hard to break from here.

12.9k-13.0k is immediate support, should offer a bit of a bounce (wave 4).
12.4k-12.5k should be GOOD support, might even END the retrace (look for a clean Ping).
10.9k-11.1k would be IDEAL re-entry zone (allowing Stop Loss just below 10 round).


Previous Analysis calling for 15k Sats:

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