Expecting a bounce from 0.618 region marked in the chart.
Why target 6? Because that will be 0.618 (approximate)retrace of the dump from 8.5
BNB has a similar chart on daily time frame when it started trading few years back.
Why target 6? Because that will be 0.618 (approximate)retrace of the dump from 8.5
BNB has a similar chart on daily time frame when it started trading few years back.
Note
You can also consider it a falling wedge (this chart is for UNIBTC)i.imgur.com/NybDYD2.png
Note
I might re-evaluate at 6 and sell half above 10. Will update if and when it pumps above 5.
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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.