Side note: We do not need to complete wave E to breakout to the upside as momentum can carry us to a continuation of our previous trajectory. Wave D can show a minor retracement and then slingshot right up.
If price breaks below our , we will be looking for a possible scenario which can take us to the $10k's. This is where stop losses are crucial. If price raises to $18,000 and reverses, this can be an indication that we have formed a . Be on the lookout for that.
Short term targets are $16,100.
Mid term targets are $23,000.
None of this is intended as investment advice. Do your own due diligence and trade at your own risk. P.S. never trade with any money that you cannot afford to lose (comfortably).