I am still in this sh!t coin and I still think there is a chance of hitting $1 (how and why we will do it - I dont know, I have zero confidence in any of the macro behind it because there is none).
However, chart shows we had a very healthy and normal retracement to .618. It also shows a bit of a "rectangle" shaped range that we formed with yesterday's top within fib levels = healthy
Going forward? Well if you look on 15 or 30 min chart you will see a H&S pattern which makes me think we have a slight chance of going down to re-test the prior resistance (top of the downward channel) line. We just broke out of it and there is sort of some support + everyone that got shaken out by this mini correction from yesterday is jumping back in. We might have some fuel in the tank still (not all fumes)
However, chart shows we had a very healthy and normal retracement to .618. It also shows a bit of a "rectangle" shaped range that we formed with yesterday's top within fib levels = healthy
Going forward? Well if you look on 15 or 30 min chart you will see a H&S pattern which makes me think we have a slight chance of going down to re-test the prior resistance (top of the downward channel) line. We just broke out of it and there is sort of some support + everyone that got shaken out by this mini correction from yesterday is jumping back in. We might have some fuel in the tank still (not all fumes)
