Signals are looking bullish on the weekly, green buy signal on the Cypher, low RSI, historical trendline bottomed out, and we are coming to end of the consolidation triangle/ end of cup and handle, previous feed in yellow shows very familiar pattern from 2017/2018 run up.
Bearish views are sell signal on monthly, and long term downtrend yet to be broken.
200 day average shows we are at a low point, shown by the white arrows and thick while lines.
We are also approaching the bottom of the triangle circa 75c
A fib shows that the 72- 74c level is the 786 retaceyment on the longer term trend line which has not yet fulfilled the $1.9 targets ( removed from this chart to make it cleaner)
if we see a break down it...
The arrows are on the same date/timeframe as the 2017 bull run, if history repeats it self we should see a pump starting next week.
Ive added a ghost feed to try estimate historic price action from 2017 to predict $15 per coin by 2nd week in Jan.
As the market is a-lot larger this time around and airdrops are facilitating larger buyers i think $15 would be my...
Looks like we are going to retest the 0.77c level before moving to the upside Volume is still very low.
This also aligns with the 7.02 fib so the push up will make a lot of sense to roughly $2 before we see a new fib pattern.
Seems like we are all in panic mode again but I dont see anything out of the ordinary but please let me know your thoughts.
(I do however expect an over reaction not a full reversal as there are no signs to indicate one)