TheRealCryptrader

TheRealCryptrader

I personally hope the 100 week EMA holds as well as the 40 RSI. But, if it breaks down, I would expect major support for a swing trade around the 200 week EMA and 30 RSI.

TheRealCryptrader

This seems like a likely scenario at the moment considering the resistance at 8600. If we retrace and get a bounce back to the 8600 level, we will need to break it in order to validate an extended move up (3rd wave).

TheRealCryptrader

Looking back on the log chart it seems as though we have been in this situation before. Although times are a lot different now considering the market cap, we will need a lot of demand for this scenario to come to fruition. Maybe fundamentally the catalyst will present itself. (Lighting network->Increased adoption)