I went through a bunch of technical levels going back to the beginning of the break-out at $0.36. It's following a very strict set of rules it seems like with not many hiccups in the trend. The big drops before each uptrend always fall to the last consolidation area before each breakout. if you map out the % from each gain with each leg from bottom to high, you slowly get a bigger % of gains for each new leg. This most recent drop has signaled in my opinion the start of the new leg and the % gain with each leg increasing would make this leg up the biggest gainer of them all which would point to a $2.00 price target. I have to ghost candle predictions off the bounce, a steeper one which would be shorter and the number of gains wouldn't be compatible with the pattern, and then there's the longer one which is compatible with the pattern I am pointing out.
This is purely a theory of mine, but I am very confident that this could be where we're headed with the crypto bull market in tac.
Feedback appreciated!
This is purely a theory of mine, but I am very confident that this could be where we're headed with the crypto bull market in tac.
Feedback appreciated!