We just hit again the bottom of the fib channel and yesterday we were at the time fib 0.618 from the last run up. There are several signs on 4h and daily time intervals that this might be a stable bottom that's worth taking the long risk. The target on this idea is on the 0.236 price fib, where there could be some retrace for TP and evaluate the strength of the trend and open more in case.
Similar situation appears on BTCUSD and ETHUSD that have been highly correlated.
Thanks for your comments and good luck.
Similar situation appears on BTCUSD and ETHUSD that have been highly correlated.
Thanks for your comments and good luck.
Comment:
Creeping up, but we still need volume to kick in.
Comment:
Volume is here already, this retrace is a good opportunity to add.
