The channel is fitted by the first low andall the tops. Until now, this channel perfectly hold and you could have drawn it two weeks ago! I noticed that prices almost exactly drop at "cross resitances", which means when the channel bottom hits a . I based my prediciton on that. Though too late, this chart could have almost PERFECTLY predicted the 4,50 low, yielding some 30% profit if i had noticed that earlier.
First buy in this scenario will be 3,91 (40%), but it can drop to about 3,65 (+20% buyin). If this breaks, however, i think we are basically about to see 2,70. But then i expect a MASSIVE bounce back if the drop is not supported by extremely bad news or correlating drops of other coins.
dont blame me for loosing money, but have a look at it - maybe it helps you decide.
Lets see how this works out.
Short on the mid-term, until my long entry hopefully comes true.