2- A to C is our support channel that we should watch carefully, it shouldnt break down so we can go up or side
3- B top point ll be our main resistance for future movements as long as support hold and i Show it with yellow line
4- Green line is our first target line for uptrend, if we break it we ll go higher or it ll be new support line, upper red line is our main
so i just showed to you the Picture, where can it go is up to the BTC , i never think about bigger alts without BTC price-trend, according to the fib levels from (352 to 290) are 312,9-320-327-335,8
i didnt chose point B for fib calculation because latest down trend started from 352 point for me.
fb extension is 368,8 usd for 1,272 ezxtension from 280 support.
i am new, just draw lines and fib levels, still reading and learning, DYOR: do your own resarch, read a lot, think a lot, never be in a hurry, try to be a Good trader not to be a winner
OK, lets what we see on the chart of 4h
1- From point D, we broke down to point E and A-E-F is our current support line. If breaks down from A-F support line C-E mini channel must hold otherwise a journey begins down to 225
2-From D to F points is our resistance line for now and best for us is going up, this 2 days ll Show the way
decision time is cominggggg
wanttogo up but can break down too
watch carefully if you trade short