chart is pretty self explanatory, i've posted similar charts before however the corrections turned into further complex corrections, but at this stage, on the MACRO scale, even the possible complex corrections have been practically played out in my opinion.
We can clearly see a retest of the bottom inclined trend line of the channel as expected once it broke out of the 17c lows, if it holds here, then we have clearly put in a micro 2 of the macro wave 3 up, which is going to see us go well beyond the ATH of $3.30 USD on poloniex.
I expect a big rise in the not so distance future, however if we breakdown below the macro fib channel, then i expect new lows. I am still however very much keeping a bullish bias based on this chart.
Good luck, see you on the moon! :)
We can clearly see a retest of the bottom inclined trend line of the channel as expected once it broke out of the 17c lows, if it holds here, then we have clearly put in a micro 2 of the macro wave 3 up, which is going to see us go well beyond the ATH of $3.30 USD on poloniex.
I expect a big rise in the not so distance future, however if we breakdown below the macro fib channel, then i expect new lows. I am still however very much keeping a bullish bias based on this chart.
Good luck, see you on the moon! :)
A) ~ $2.40
B) ~ $5.80
C) ~ $14.30
remember these are my opinions based on my own TA and EW analysis, so please DYOR!
Lets see where we end up in a few months, hopefully beyond mars ;)