A zoomed-in look at the downside bias for this pair on the Daily Timeframe.
After reaching the Monthly (Dec 2017 / Jan 2018) candle bodies and reaching the Weekly Fibonacci Extensions, we have another Fibonacci in play aligning with our downside targets.
The -61.8% Extension aligns up nicely with the Monthly (Dec 2020 / Jan 2021) candle bodies from the Monthly Timeframe analysis.
I think this will be a great opportunity to shake out those new investors who caught on during the last few months looking to FOMO into the hype as this bias is showing on other pairs such as BTC, ETH & DOGE.
For us early buyers who caught on at $0.20, this would be another great opportunity to accumulate more at our original buy-in price.
Already looking good!
After reaching the Monthly (Dec 2017 / Jan 2018) candle bodies and reaching the Weekly Fibonacci Extensions, we have another Fibonacci in play aligning with our downside targets.
The -61.8% Extension aligns up nicely with the Monthly (Dec 2020 / Jan 2021) candle bodies from the Monthly Timeframe analysis.
I think this will be a great opportunity to shake out those new investors who caught on during the last few months looking to FOMO into the hype as this bias is showing on other pairs such as BTC, ETH & DOGE.
For us early buyers who caught on at $0.20, this would be another great opportunity to accumulate more at our original buy-in price.
Already looking good!
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Monthly Analysis -
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Weekly Analysis -
