Reasons:
1.very very long trendline in play we talking 883 days
2. An liquidity pool where every time price reach got a boost to the upside
3. Every time we got six or seven month red candles and a big bullish one after
its a good Risk reward trade if you long from here
Targets one 0.000040
Target two 0.000070
After a significant pullback i believe bulls will come
DAILY CHART
reasons for this long are :
1 inverse head and shoulders
2 3RD trendline touch
3 BTC bottomed from retracment
REASONS:
1.We are at major support, also major liquidity zone.
2.We saw rejection from last month candle , also closed as a Doji
3.Failing to make lower low on monthly
4.Monthly FIB on play
REASONS:
1.Dollar index bearish , EUR should rise
2.FIB play 50% rejection
3.Higher high and Higher low being made
4. overall me closed big bullish candle this month
160+ pips target
REASONS:
1.Bigger picture monthly charts are bullish and those bearish days are just pullbacks
2. the zone we are right now is liquidity zone, i believe price will pick order and reverse.
3.FIB on play
REASONS:
1.We closed above 23.6% on the weekly overall bearish trend.
2.Trend is bullish
3.We retestet 23.6% level which is 275.78 and saw rejection.
TARGET 437.11 38.2% LEVEL
REASONS:
1.Trend is bullish
2.61.8% rejection
3. 10k psychological level also big luiqudity zone, which all the buy order are set.
4. We are again above 78.6% fib level on overall bearish trend.
TARGET 15494
REASONS:
1.Bitcoin,Etherium got more than 150% rise from bottom, XRP got only 40% rise from bottom.
2.The longer trendline which is holding for 50days is on 3rd touch,its holding pretty good.
3.We also testing the MAJOR .38cent support also luiqudity zone.
4.Also we testing the 200ema for 3rd time.
TARGET 1 .55cent
TARGET 2 .59cent
