Volatility is at extreme levels, so a local bottom is likely to be close. Momentum indicators on the daily will start turning up if it holds its current range. If Bitcoin bounces, then AOA is likely to reach the .385.
If it closes above it and thereby breaks upward of the last low, it might even go on to the .618. Otherwise, a bullish scenario would be if it is able to get a solid base by setting a higher low and then continuing onwards to the .618.
All of this is heavily dependent on Bitcoins moves, though.
If it closes above it and thereby breaks upward of the last low, it might even go on to the .618. Otherwise, a bullish scenario would be if it is able to get a solid base by setting a higher low and then continuing onwards to the .618.
All of this is heavily dependent on Bitcoins moves, though.