We used our previous chart to look at current situation. The market roughly followed our suggested directions. Right now we are touching a long term - actually breaking it. RSI in in an oversold area and already chanded its direction and is ready to move up. During charting the price fell back down and we have to wait what's gonna happen next. If there is no sudden growth soon we can expect retracing all the way down to the Fibbonacci level. We need BTC to calm down so Alts can follow. If there is a significant correction on BTC we can expect another down fall. Right now Fiat is a position to consider.
There is a possibility of creating a new channel parallel with the till XEM is strong enough the break up.
My position: We got in at 6947, StopLoss 6117. Targets 77/87.
Feedback greatly appreciated.
Good luck, Have fun and Peace.
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