Not my favorite crypto, at all... but still looks like a possible opportunity for a good short-to-mid-term swing trade.
I drew fibs based on weekly low and high, and the parallel channel drawn from daily log chart. Shown above is the weekly log chart.
- Targets: ~750-850 seem realistic, could even reach 1000+ (see three horizontal lines above)
Targets above based on fibs and center of fibs, with the daily log chart channel top for confluence. Volume seems to indicate its headed in this direction as well.
I drew fibs based on weekly low and high, and the parallel channel drawn from daily log chart. Shown above is the weekly log chart.
- Targets: ~750-850 seem realistic, could even reach 1000+ (see three horizontal lines above)
Targets above based on fibs and center of fibs, with the daily log chart channel top for confluence. Volume seems to indicate its headed in this direction as well.
Comment:
Some confluence on BTC pairing supporting the above, broke out of downtrend, broke out of HSi at bottom of downtrend
