BTDR Still in a triangle, Wave c of (C) down

BTDR Bitdeer was rejected harshly on the 4th test of the High Volume Node (HVN) resistance, each test weakening the Node and adding probability to a breakout.

Wave c of an ABC within a triangle wave (C) appears to be underway with price closing below both the daily pivot and 200EMA. RSI has slight bullish divergence.

Until we get a break below wave (A) or a above wave (B) the analysis is good. Will readjust and update if anything changes. A breakdown below the triangle has a wave 2 target of the golden pocket Fibonacci retracement and HVN support at $9.63 and may offer a great buying opportunity.

Breakout target is the R5 daily pivot at $21.84

Safe trading