The small correction last week hit the target perfectly (blue circle). Wave 3 follows in a pop with 5 clear waves up. Then a dip for wave 4 and another thrust upward in wave 5. The head and shoulders top follows and is then confirmed during wave C of 2. The orange line shows the approximate target for the H&S. We should be close to a bottom. The deep retracement is typical for wave 2, especially in an altcoin. The current outlook with hold as long as the .011 early Sept lows hold.
Another upward sequence in 5 waves should start soon.
Happy Trading!