This chart has me very optimistic based on a few factors.
1) The prices are near a good support line. With the past price movements, this coin has steadily bounced off of this price about 4 times. This
2) This coin has a pretty good risk to reward ratio. Based on the past movements this coin could go up and retest the .718 fib retracement and that in itself is a 216% increase doing half as well as the last market cycle.
3) This coin has broken through some tough resistance in the past. Looking back at the 2nd parabolic move between July-August 2016 and the move through resistance on March-May 2017 has me optimistic about this coin retesting higher prices. The spike in volume is also a big plus.
In my opinion this coin is a long hold of a month or 2, but well worth the ride.
1) The prices are near a good support line. With the past price movements, this coin has steadily bounced off of this price about 4 times. This
2) This coin has a pretty good risk to reward ratio. Based on the past movements this coin could go up and retest the .718 fib retracement and that in itself is a 216% increase doing half as well as the last market cycle.
3) This coin has broken through some tough resistance in the past. Looking back at the 2nd parabolic move between July-August 2016 and the move through resistance on March-May 2017 has me optimistic about this coin retesting higher prices. The spike in volume is also a big plus.
In my opinion this coin is a long hold of a month or 2, but well worth the ride.
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