Here is my next analysis based on significant ups and downs of prices.
Firstly, we reached the lowest price level for the last year (relative to the Fibo channel) and this gives grounds for such analysis.
The meaning of these calculations is to find the average daily value in dollars and in percent relative to the entire zone of fall or growth.
Thus, we can approximately note the following zone
for example, 1,2,3 green zones in 2018 have within themselves 7.4%> 2.95%> 1.78% per day, respectively, 1,2,3,4 red zones have 4,46%> 1,9%> 1, 86%> 0.73%. From this I conclude that the next green zone can not add more than 1.78% per day, moreover, if there is a correlation between the red and green zones, then there is a relationship between the number of days and the price.
My guess is that in the next green zone, which will last from 34 to 39 days average daily growth will be from 1.12% to 1.29%, so by the end of the period you can expect a price at the level of 8400-8500.
Firstly, we reached the lowest price level for the last year (relative to the Fibo channel) and this gives grounds for such analysis.
The meaning of these calculations is to find the average daily value in dollars and in percent relative to the entire zone of fall or growth.
Thus, we can approximately note the following zone
for example, 1,2,3 green zones in 2018 have within themselves 7.4%> 2.95%> 1.78% per day, respectively, 1,2,3,4 red zones have 4,46%> 1,9%> 1, 86%> 0.73%. From this I conclude that the next green zone can not add more than 1.78% per day, moreover, if there is a correlation between the red and green zones, then there is a relationship between the number of days and the price.
My guess is that in the next green zone, which will last from 34 to 39 days average daily growth will be from 1.12% to 1.29%, so by the end of the period you can expect a price at the level of 8400-8500.