looking back at 2016, we observe a similar pump pattern. The history tells us the pump is followed by slow price decrease back to baseline. From there, price can be seen increasing back again.
2ND pump went up to 13K -> 2.618 FIB
3RD pump went up to 40K -> 3.618 FIB of the 2nd.
If new wave ever comes to NAV, it can be as high as 100K or 8-10...
XMR likes to hold to its trendline, except when not. The third time around (3rd rectangle) the baseline was broken but was soon after followed by a steep increase.
I predict stable price increase after XMR finds its bottom (either hits double bottom with 0.011 or might even go lower) and after the dust has settled from the 2X fork, Monero will already be on its...
after hitting double top on the head/shoulder formation, blk price has fallen down again to the bottom support.
with massive volume spike and segwit coming to BLK, opportunities are emerging.
I've been keeping an eye out for STEEM for a while and it's still not the best time to invest .. yet
Chart showing a head/leg pattern which could be seen in the past and if analyzed shows what might happen next.
rsi slighlty bearish
buy zone @ ...20K and below, after that STEEM looks out to be a good investment