The chart here is defining 3 possibilities, 2 of which I think most likely.
1. Short term reversal. Scenario produces event of push up to around .35-.37. Looks for new support or dies out.
2. Date range to reach 0.25 if no short term reversal (likely). If we find strong support here, look for sideways movement, into building support and crawling upward (slow).
3. Time frame sync with prior shelf repeating here. Sell off to under .25 to about .17-.19, then slight reversal to .20-.21 to create the next shelf, looking for new support and resistance. Less likely, but probable due to trends.
Thumbs if you like, tell me what you don't.
Not investment advice, do your own DD & research....and share it with me.
1. Short term reversal. Scenario produces event of push up to around .35-.37. Looks for new support or dies out.
2. Date range to reach 0.25 if no short term reversal (likely). If we find strong support here, look for sideways movement, into building support and crawling upward (slow).
3. Time frame sync with prior shelf repeating here. Sell off to under .25 to about .17-.19, then slight reversal to .20-.21 to create the next shelf, looking for new support and resistance. Less likely, but probable due to trends.
Thumbs if you like, tell me what you don't.
Not investment advice, do your own DD & research....and share it with me.
Comment:
Getting closer...
Comment:
We have broken through the trend line. Temporary upward movement or breakout?
BTC, ETC, LTC, DOGE all following the same pattern.
BTC, ETC, LTC, DOGE all following the same pattern.
Comment:
Watch for 0.37 break out. Hovering now, if we climb above and hold, more upward movement to come.
Comment:
If we don't hold above 0.35, we start decent again.
Comment:
Need to break 0.42 and hold above for further movement
Comment:
Oversold at the moment. Either bulls take over soon, or we continue the trend downward and complete the H&S.
