You are just taking the previous all-time highs from the speculative bubble in December 2017 thru February 2018 and saying that will happen again. There is no technical analysis involved whatsoever...
WBM_Team
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@alanmasters thanks for the analysis. We agree. This coin has a massive potential. This is our analysis. We also calculated profit/loss ratio which gives an impressive level of 5190%.
Andbcoin
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I’d like to know what you have used to know this target, since it seems impossible to me, to be honest.
AlanSantana
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@Andbcoin, The Fib. tool (either extension or retracement) will give you the targets/resistance and also support levels.
Andbcoin
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@alanmasters, Thanks. I use Fibo extension, but how do you know it will go to 3.618 and not to 1.618 for example. It’s hard to believe it will go so high.
AlanSantana
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@Andbcoin, You don't know that, you simply use those numbers as reference, it is for the market to decide. You simply buy and trade according to the markets and charts.
The numbers are just projections. Any coin/asset can go to 3.618 as it can go higher, just as it can come crashing down.
Andbcoin
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@alanmasters, Thanks so much, man! I do what you say, but I saw 3.618 and I was like... How does he know the exact zone? :)