COIN bottom forming? Wave 4 changed to wave 2

COIN Price appears to be completing wave C of IV, a corrective pattern to the downsid,e expected to be shallow

Wave 4 was invalidated due to the retracement depth becoming wave 2 of V, which actually presents a bigger target for the wave 3 move to come. Price stopped at the golden pocket reflecting its higher cap characteristics.

📈 Daily RSI has printed a confirmed bullish divergence from oversold.

👉 Continued downside has a target of the S2 pivot at $210

Safe trading