Thoughts
- Fib starts from ATH in June 2017
- A bounce in the support zone at the 0.786 Fib
- Clear breakout of the Trendline
- Expectation is to attempt a new local ATH
- Caution as 2 massive uptrends would need at least 50% correction. Interestingly, in the local Fib (within the last month) there was a bounce off the 0.5 Fib.
- Tight stop loss required (around .018) if you decide to long
- Fib starts from ATH in June 2017
- A bounce in the support zone at the 0.786 Fib
- Clear breakout of the Trendline
- Expectation is to attempt a new local ATH
- Caution as 2 massive uptrends would need at least 50% correction. Interestingly, in the local Fib (within the last month) there was a bounce off the 0.5 Fib.
- Tight stop loss required (around .018) if you decide to long
- Hit the 1 Fib earlier than expected (Looks like a double top)
- Fallen back down to the support zone
- If price closes below 0.0173 (4HR) I think a short trade is on the cards
- Waiting for confirmation of the break down