From the chart, we have just broken up from the previous All time high.
As can be seen we are about to come upon the 3 Fib level. ( This Fib level is from the beginning of trading back in 2009)
Once the 3 Fib Line is broken , its off to the extimated €61K 'ish mark before it sees any further major resistance.
Caveat , whales could come in and destroy this hypothesis by dumping coin .
On the long range plan, we could see price retrace to €40K before moving to €61K .
This is not financial advice , just my reading for the potential of an upside and downside in the short term future, (26th Mar - 02- Apr 2021)
As can be seen we are about to come upon the 3 Fib level. ( This Fib level is from the beginning of trading back in 2009)
Once the 3 Fib Line is broken , its off to the extimated €61K 'ish mark before it sees any further major resistance.
Caveat , whales could come in and destroy this hypothesis by dumping coin .
On the long range plan, we could see price retrace to €40K before moving to €61K .
This is not financial advice , just my reading for the potential of an upside and downside in the short term future, (26th Mar - 02- Apr 2021)
Comment:
The pattern has found support at the 2.61 line.
So my expectation is that it will assault the 3 line once again but this time break through and head on up to the 4 line before once again retracing to the previous 3.62 line as support
So my expectation is that it will assault the 3 line once again but this time break through and head on up to the 4 line before once again retracing to the previous 3.62 line as support
So will this repeat once again of will we break through and head up to the 4 line and retraceback to the 3.61 line in time.