With the price action forming a high just above $1.50 then correcting to a low at $1.03, I am better able to position the Fibonacci time period to more accurately reflect the coherence of this fractal to the consolidation period between January 18 and February 1. Doing so demonstrates that we can expect a strong rally to 1% or so above the previous high of 1.546 USDT, followed by a correction of similar magnitude and a brief few days of consolidation before the consolidation fractal gives way to a period of rapid rise. I notice also the similarities in the MACD with the prior period, lending even greater confidence to the projected rally.
What do you think? Do we get a 35% rally to $1.50 before price appreciation really gets underway, or is it all a bust?
What do you think? Do we get a 35% rally to $1.50 before price appreciation really gets underway, or is it all a bust?
Nota
You know, this chart is crazy when seen in a logarithmic layout. There is so much more to see and so much more detail, that I really wish I did it in the log scale in the first place, but you have to want to see it. You can build it out yourself of course ... or buy me a cup of coffee.
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