Why i guess, that go up is more possible?
FIrst reason: money is going from bitcoin . People sold it after fork canceling. Money goes to altcoins
Second reason: incoming ETH fork in january. POS algorythm an private blockchain.
I guess, we will see big movement soon.
First take profit target: 390 usd.
So, what you think? Write under this idea you opinion
There was almost a breakout three days ago. Then, the fall of btc dragged it down. This seems to show that the market sentiment is not decidedly bullish.
Personally, I think it needs a fall before it could gather momentum to grow again. If my count of waves is correct, $240 or even $120 will be possible. However, judging from the past month, I can't say it will fall, either.
This "almost breakout" you are speaking of created the 5th or 6th, depending on what you see, hit on the triangle.
I am not saying it will fall, but if it does, I see support at the $262- $258 level and the next support at $228.