Second, this idea is valid if and only if these conditions are satisfied:
1. The price violently breaks above the previous high of $28.99 and finds support
2. The price reaches the top of the
3. The magnitude of the bull run is similar to the rally from $0.63 - $28.99 with respect to price and duration.
The price originally opened at $4,457.59 on 7/2/2017 and rallied to $4,704.97. It then tanked to $0.63.
The Fib levels featured on the chart are based on these values using trend based Fib extension.
Let's see if the price can reach the .786 Fib level.