55, 89, and 144 has converged and 55 is back on top. broke out of triangle.
If this breaks out of first fib level (990) then we can expect it to reach the next one at least.
These targets are not definite and can occur in a 8-13% range.
Despite it this I think it's going to go down. This is because it is approaching a triangle and the macd has crossed downwards.
Support is at ema 144 and 89.
Buy if it breaks the triangle upwards, sell if not. Also depends on BTC.
Looking to break triangle upwards which would put us above resistance at 1089.
MACD is closing in on a convergence.
If we break the triangle feel free to buy in.
Targets for this movement are:
Claim profits at each level.
BTC dip, fell through triangle.