THE PRICE HAS CURRENTLY BROKEN OUT OF THE WEDGE SHAPE PATTERN (THE GREEN TRIANGLE) AND INTO A NEW BULLISH
TREND INSIDE OF A PREVIOUSLY BULLISH BROADENING WEDGE CHANNEL (CHANNEL DEFINED BY ORANGE LINES.) PRICE ACTION CURRENTLY SITS AT THE .236 FIB AND CAN LIKELY SEE
ITSELF TESTING PREVIOUS HIGH AT $0.4276.
THE REST IS JUST SPECULATION BUT CONSIDERING WE ARE AT THE BOTTOM OF THE ORANGE CHANNEL I BELIEVE THE COIN HAS ROOM TO RUN TO THE UPSIDE.
THE ONLY THING BOTHERING ME IS WHERE BITCOIN AND ETHEREUM ARE SITTING CURRENTLY. DEPENDING ON WHAT MOVES THEY MAKE IT COULD DRASTICALLY EFFECT THE COURSE OF ALTS.
THEREFORE MY STANDPOINT IS NEUTRAL BUT WITH A BULLISH SENTIMENT.
DO WHAT YOU WILL WITH THIS INFORMATION.
TREND INSIDE OF A PREVIOUSLY BULLISH BROADENING WEDGE CHANNEL (CHANNEL DEFINED BY ORANGE LINES.) PRICE ACTION CURRENTLY SITS AT THE .236 FIB AND CAN LIKELY SEE
ITSELF TESTING PREVIOUS HIGH AT $0.4276.
THE REST IS JUST SPECULATION BUT CONSIDERING WE ARE AT THE BOTTOM OF THE ORANGE CHANNEL I BELIEVE THE COIN HAS ROOM TO RUN TO THE UPSIDE.
THE ONLY THING BOTHERING ME IS WHERE BITCOIN AND ETHEREUM ARE SITTING CURRENTLY. DEPENDING ON WHAT MOVES THEY MAKE IT COULD DRASTICALLY EFFECT THE COURSE OF ALTS.
THEREFORE MY STANDPOINT IS NEUTRAL BUT WITH A BULLISH SENTIMENT.
DO WHAT YOU WILL WITH THIS INFORMATION.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.