Seems to coincide with Charles Hoskinson's March 18th speech. March 18th is a critical day.
Support would be around $1-0.98. Likely bounce off support as shown previously. Next likely psychological barrier @ around $1.75. Not financial advice.
We should see several more days of correction if we're obeying the parabolic curve. Several interesting things happen end of February/early March as catalyst. Not financial advice!
Initial pump, take profits, another pump, more profits, correction phase, next move happens.
I am looking at the blue line around 32 cents as a critical area. Drop below could see a retest of (red line) support at 26 to 27 cents. Break out of the flag could see retest of 40 cents. Break out of 40 cents could lead to ~60-65 cents.
Daily chart showing breakout of huge cup and handle. Targets are previous resistances from 2018 @ 0.195, 0.235, 0.39 . Major support is now 0.15.
This is only my opinion and not financial advice. I expect a pull-back to the first or second supports and a bounce with future release of Goguen / future exchange listings (e.g. Coinbase) toward the end of the year. Target is long term resistance of around $0.225.
Looks like BTC will correct further in the descending wedge and I am predicting a bounce off ~$6500. This idea is for educational purposes only and not financial advice.
Short tern reverse symmetrical correction then eventual breakout of descending wedge.
Falling wedge formed on around 7/20/19 and looks like 0.04 looks like a very solid support. However, it looks like there is a short term rising wedge on the 2h chart indicating a short term bearish setup within the longer term falling wedge. I would expect another pull-back to around $0.044 to $0.04 before breaking out of the long term falling wedge with the...
Ascending wedge broke down out of support. I would expect another ascending wedge and then an eventual bounce off 2.39. If 2.39 is broken, next support would be 2.30.
Ascending wedge forming with strong resistance at 2.72.
61.8% fib retracement (golden pocket) is the best spot for a bounce. ACB was also selected as the only winner to supply Italy's medical MJ as a catalyst.
Next stop either 78.6% retracement or a bounce since we're at the golden pocket @ 61.8% retracement.