ALTCoins Hanging by a Thread
After 294 Days of freefalling to a crash landing and 378 Days of sideways PA ....
The ALTCoins may still be looking for a bottom.
Failure to find acceptance into and to break out of Range 3 could potentially lead to a move down to Range 2, with a downward target between the .382/POC Levels (-33% from current PA) and the .618/.66/VAL (-59% from current PA).
Worst case scenario would be a loss of Range 2, which I believe would end with a move to the .88/POC of Range 1.
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While looking at these charts right now in the current economy, its easy to get discouraged...patience is key! Stay positive, there is a lot of potential opportunities to come. Do your due diligence, make a plan, and stick with it !
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I hold spot in serval ALTCoins, and plan to DCA the way down, if indeed we do see a move down to the lower ranges.
Drink more water, exercise and trade responsibly !
*Not financial advise*
The ALTCoins may still be looking for a bottom.
Failure to find acceptance into and to break out of Range 3 could potentially lead to a move down to Range 2, with a downward target between the .382/POC Levels (-33% from current PA) and the .618/.66/VAL (-59% from current PA).
Worst case scenario would be a loss of Range 2, which I believe would end with a move to the .88/POC of Range 1.
------------------------------------------------------------------------------------------------------------
While looking at these charts right now in the current economy, its easy to get discouraged...patience is key! Stay positive, there is a lot of potential opportunities to come. Do your due diligence, make a plan, and stick with it !
------------------------------------------------------------------------------------------------------------
I hold spot in serval ALTCoins, and plan to DCA the way down, if indeed we do see a move down to the lower ranges.
Drink more water, exercise and trade responsibly !
*Not financial advise*
Comment:
PA has finally made a break of range 3 and appears to be back testing the VAH for support if support is found here, and attempt at range 4 is in the cards!
Comment:
Flirting the the VAL of range 4 as expected!