Completion of Wave 5 in a series of larger, more encompassing bearish waves that have ensued since the activation of SegWit. Currently in the 4th wave of a minor bull wave. Retesting the $30.78 (23.6% retracement) support level before testing the $32.34 (38.2% retracement) resistance level. Recommendation is to the let this price run confirm itself with a completion of at least 50% retracement at the $33.60 resistance level.
Prediction: Uptrend continues to 50% retracement, completing a cup. Soon after, price falls down to 38.2% retracement before breaking out to test the pre-SegWit highs.
Entry: $31.00
Target Profit: $33.50 (+8.06%)
Wait for the handle to form, confirm the bounce. Bet long.
Prediction: Uptrend continues to 50% retracement, completing a cup. Soon after, price falls down to 38.2% retracement before breaking out to test the pre-SegWit highs.
Entry: $31.00
Target Profit: $33.50 (+8.06%)
Wait for the handle to form, confirm the bounce. Bet long.