My main concern for this coin, as the BTC price continues to climb, when it is time for BTC’s retracement, it will most likely cause a pull back in this market. I’m hoping these pull backs coincide with my target for this trade. In the next couple days we will be testing the middle channel which will be the first hurdle. If we cannot break this we could be headed lower so I have place my stop at $0.0155 (14.9%)
Confidence Rating: 6/10
This resistance line is still in play and we could get great buying opportunity. With these markets, it is all about timing.
We have retraced 61.8% of wave (1) and bounced off here to head towards the black resistance line and first orange black line. If we break above these I will be looking to buying in