Dear Traders, Recently this coin has gained so much attention and it's number 5 for marketcap since weeks already! Wave counts suggest correction is over, which was needed after 23usd high. I believe we are moving towards fib level 1.618 but I think we are going to see strong resistance at 0.50 fib level. Even though I don't think we are gonna see that much down movement, my stop-loss is generously down at 11,50 usd in case BTC should move down to 8k levels pulling down the entire market. These are only my thoughts, not investment advice, please make your own researches and share your ideas in the comment box below.
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Hovered the bottom....expecting more upward movement
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Hopefully reversal should be here, yesterday we found support at the daily 50MA with hammer candle which is a reversal sign, if we break through we could go down to 200MA 8usd level, but this is very low probability scenario.
i have same fib level for wave 5. i look in weekly chart.
UnknownUnicorn1896036
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@johntutty1, yes, after your comment I had a look at the weekly chart and of course is giving the same levels, a reversal sign is there, we didn't hit our stop loss