CoinRallyed very hard. I got in at 50.22 area and rode it to 55.60. I sold it out, it came back to 49/50 area and ripped to 60$ I missed that as I was focused on everything else rippin. Now that coin has reached an area for me of concern I’m not to worried I belive we will have more buying in time.
We are starting to reach some previous considlation zones of potential stronf reostance ranging from 63-67$
Now as we test this upper reostance zone I would
Be getting more catious and looking for our next dip buys.
Coin struggled at 55.60 for sometime so that could
Be a great support buy area.
That seems to be the most logical place for us to look at until broken. If that does break, the 50$ support is key key level to bid at but I’m not to confident it’ll get that low unless Btc rolls over hard.
On key thing we can do, is try to run fib retracments from this recent high to the low
You can also start the fib from the 78.19 high to the lowest price we just made. The fibs line up pretty closely so both way will work within 50 cents or so
The .5fib comes in at 55.13 which is where I would be a dip buyer potentially and the .618 is 49.60$ which is a key support buy to grab coin from
It is good to state, that running a fib from the 78.19 high the target on coin around 67$ which lines up with my analysis range of reostance from 63-67$ so keep this in mind for upside targets
Personally I’m looking for coin to find reostance here an reject back to 55$
