This is a revised version of the chart I published a few days ago. Scroll over to look at the similarities to last May. Short term I think we could retrace to bounce another time off the linear-scale downtrend line (resistance-turned support) at around $235 on March 4-5. Second bounce might not happen though. Then a few weeks of consolidation followed by a break up to test the log-scale downtrend line at about $310-320 sometime at the end of the month.
Target after bounce, shown on log chart. Should break up to test downtrend line, which will coincide with the peak at 305-310
Comments
altcoinbonanza
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Is that so. I thought we were still below this long term resistance line and are just trading below.
BitcoinGuru
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something is wrong with your lines, here is the correct ones