after 4 months of feeling low ( yes it happens,and not only to me, even to the one!), the rebound is as strong as the correction before. hitting the ath normally means a retest of the support below before moving on with the rise.
the correction before has hit the .382 of the last bull run, indicationg a strong uptrend.
on the way up we had a small stop at .236 of the fall, then at .618 and we hit the ATH like a big boy :)
right now as always we have 2 scenarios:
1. the force is strong in this young jedi and will hit the target at 0.57985 which is the -.236 of the last major bull run and the 1.618 of the last correction....intresting ;)
2. it will start a correction before going for the target, which in this case will be probably achieved in multiple stages.in this case we will hit .236 of the rise at 0.14756 which shows abit of structural resistance too in adition to the fib level. and further down we might hit the .618 of the fall, which fall around the .382 of the current bull run if we dont go higher now at around 0.12, a point with more structural resistance than the .236 mentioned before.
adding fork to the equation might get us more clues:
and zoom in to see better :
we have bounced down the median of the fork, so maybe a retest of the parallel in program ?
seeing that the rsi and volume are not supporting the retake of the ATH, the correction scenario becomes more probable.
so.....
selling in this area and buying back at correction targets mentioned above(0.1475 and 0.12) might be the way to ride the next bull run with more coins :)
Obviously not a financial advice! duh!
wishing you all a great day and a happy ending for us all! lol
dont foget to pass the wink to your left..... ;)
the correction before has hit the .382 of the last bull run, indicationg a strong uptrend.
on the way up we had a small stop at .236 of the fall, then at .618 and we hit the ATH like a big boy :)
right now as always we have 2 scenarios:
1. the force is strong in this young jedi and will hit the target at 0.57985 which is the -.236 of the last major bull run and the 1.618 of the last correction....intresting ;)
2. it will start a correction before going for the target, which in this case will be probably achieved in multiple stages.in this case we will hit .236 of the rise at 0.14756 which shows abit of structural resistance too in adition to the fib level. and further down we might hit the .618 of the fall, which fall around the .382 of the current bull run if we dont go higher now at around 0.12, a point with more structural resistance than the .236 mentioned before.
adding fork to the equation might get us more clues:
and zoom in to see better :
we have bounced down the median of the fork, so maybe a retest of the parallel in program ?
seeing that the rsi and volume are not supporting the retake of the ATH, the correction scenario becomes more probable.
so.....
selling in this area and buying back at correction targets mentioned above(0.1475 and 0.12) might be the way to ride the next bull run with more coins :)
Obviously not a financial advice! duh!
wishing you all a great day and a happy ending for us all! lol
dont foget to pass the wink to your left..... ;)