Drew this chart almost 2 months ago, and it's been hitting its trendlines perfectly ever since without any adjustments, which lead me to believe that this will continue on in this fashion for the foreseeable future
Leaning more towards a long position here with entries on the small dips in between these two major trendlines
All indications on this chart point towards a decision happening at 9700, if it goes down, it can very well free fall to 7.2k quite rapidly (strong weekly support), otherwise we will most likely see 11.6k by next month
Divergence on the high side, MACD crossing, EWO consolidating
fib looks well maintained so far and uptrend channel looks like its back on track...
Support looks strong, if it holds the next bounce it will likely break the upper trend with very little hickups to the ATH and beyond, however this theory is only valid if the volume rises and confirms the pattern breakout, until then all the other time frames indicate a bullish movement on this coin.
SL at 8%
Two patterns correlating well with the fib
Stoch rsi oversold on both daily and 4hr.
Volume still low but buying pressure is ramping up, breakout at 6k sat seems very possible, if it does I'm expecting the following targets:
1) 7090 sat (18.5%)
2) 7745 sat (30%)
3) 8683 sat (45%)
Stop loss: 5680 sat (5%)