WAVES** re-post from December **
On the above 4-day chart price action has corrected almost 100% since the sell signal in March (not shown). A number of reasons now exist to be bullish , including:
1) A strong buy signal (not shown) on both USD/ BTC pairs.
2) Price action is now testing a significant line of support and resistance . On both USD and BTC pairs (below). Look left!
3) Regular bullish divergence . Lots of it. On both USD and BTC pairs.
4) Price action is currently on the Fibonacci 0.786
5) Price action in falling wedge . IF a breakout occurs, the target is $140 per token.
Is it possible price action falls further? Sure.
Is it probable? No
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: don’t know
Return: $90 to $140
4-dat BTC pair