I'm still locked in on a previous buy back due to this quick drop and the fact I didn't have a stop loss set (oops), but I was looking at the chart to get a feeling of how far I thought it may continue to drop and came up with this. I'm hoping this is the bottom and that the uptrend has restarted. If so, we may be seeing 1000 sat range before too long. (The red scribble is just a scribble so don't read too terribly far into it.) MACD has crossed on the 1H, and 2-4H charts it looks promising as well, but not crossed yet.
For those looking for a buy back point, this may be it. If it drops below the current fib level expect it to drop down a bit further to next level (0.382)(298 satoshi range).
I hope everyone had a good XMAS and took profits before all these coins dipped unlike me ha. I'm just going to hold it and bet on the long term uptrend continuing at this point.
For those looking for a buy back point, this may be it. If it drops below the current fib level expect it to drop down a bit further to next level (0.382)(298 satoshi range).
I hope everyone had a good XMAS and took profits before all these coins dipped unlike me ha. I'm just going to hold it and bet on the long term uptrend continuing at this point.
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So far the lower trend line is holding.
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MACD crossed on 1, 2, and 3 hour chart. 4H looks close. Lower trend line is still holding. Hopefully a breakout before too long.