@carsonsw, Around 70% retracement like from the previous top (down to 1.23 USD). One could start buying before (maybe at around 2.5 - psychological level) as might not go lower in the end (will be high pressure to buy).
It shouldn't go lower than the end of wave 1 (1.16 USD) then Elliot waves get broken. Beyond we need to place stop loss (1.14US)
Of course, that is only an idea based on Elliot Waves. Might also happen that Elliot wave 3 gets extended up to 10USD like @wierzbix83 stated.
@nutt88, RSI on weekly chart is on overbought level. Additionally there should be retracement after top of wave 3 which can go down to top of wave 1. At this scale, January seems to be most likelly place for dip (Maybe early February). Anyway this is only a possible scenario. There might be shallow correction instead. Crypto world is crazy :-)
Thank you.