Fractal Dates: Sep 1, Sep 26, Nov 24, Dec 14-22 August started real bad for everyone. Carnage was brutal, and not fun at all. But, smart investors were scooping up these cheap coins, and with a wave of good news, and buying pressure everyone is back in action!
As you can see at the chart, we have bounced of the 127.2% Fib, and the A>C pattern held, and we are looking to move up in the channel.
We still have quite a few resistance to deal with, not to mention, that a lot people maybe wanting to get out even in the alts, after these kind of massacres, but who knows - maybe that is how HODL is made.
C point loos very similar to A point, indicating to me that we may actually have a healthy bull run now. With a lot of expection for Q3, and Q4, and with prices that low, it was hard to resist not to buy some goodness.
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation.
Thank you, Ajion
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1-2 waves are always so brutal to hold.
If we can;t hold this line @ 400 we are all screwed. Except those that are from early 2017 and 2016-2015 years.
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Sep 2nd was Bear event, and Sep 26 is a BULL event