-I would expect a small bounce at the 51.6 Fib line line foe a retest of the 160.30usd to for a double top before trending down towards the 61.8 Fibonacci to prepare for the 3rd circle move upwards to all time high. -But if prices break bellow 51.6 Fib Chart might also move towards 61.8 Fibonacci for further consolidation as RSI and MACD signal a Correction.
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Guess no Double top for us here, Well 61.8 Fib here we coooomeee.
@NemoTrader, I see a head and shoulders pattern that formed and with the MACD showing a drying out of momentum. Its a privacy coin and from its fundamentals the moves we see on it is due to the News of the Us Tracking Other coins. So it might keep moving if the Rumor holds but generally there is more risk to reward on entering this trade now.