A chart demonstrating how price can move along the edges of the circle both bearishly and potentially bullishly
Green bars pattern is the assumed movement of price, which is inverse to the bearish move along the same fib circle previously
The recent drop has caused this expansion of the channel
What will be the repercussions?
This pair consists mainly of low cap altcoins, we may see huge growth in low cap altcoins soon,
I assume this because the channel is extremely stretched and has extreme room to move
An alternative scenario is we see the death of some low cap alt coins
Its one extreme or...