The red path can see the targets of $7,156 to $5,564 if the curve breaks from the bottom.
But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve.
In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time of 3 months, we have reached oversold, and this means that after this correction or a sharp fall, we will reach the end of wave 5 of the red path. Or it completes the 2nd rising wave and moves towards the targets.
But if the lower curve is not broken, it can see the targets of $74,160 to $88,260, which is also the ceiling of the upper curve.
In the time of 1 month, we have reached close to oversaturation, which means that we have the possibility of a short correction, but in the time of 3 months, we have reached oversold, and this means that after this correction or a sharp fall, we will reach the end of wave 5 of the red path. Or it completes the 2nd rising wave and moves towards the targets.
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