Prices for POTBTC made a full retrace removing almost 100% of the gains from the last wave, almost, because support was found before hitting 0 Fib. retracement and ended in a higher low compared to Nov. 2019.
The 0.786 Fib. retracement level for the last wave broke, so this level now works as resistance rather than support... This is our "decision point".
What happens next for PotCoin?
- If prices can conquer this level, now sitting at 0.00000088, POTBTC can easily go higher right away, the potential profits are huge.
- If this level can't be broken, we will have more consolidation or a retrace before the next move up.
- We remain even if prices drop . PATIENCE IS KEY.
Thanks a lot for reading.
This is Alan Masters.