CNBC Level at 275 has proved to be an excellent level to play around. We dipped way below but made it nowhere near to $240. Now we look to long term for a break of this down-trending trajectory.
Breaking above 300 level would have me targetting 340.
There is also potential for this entire shockwave to break up and eventually reach the magic $420...
Lots of alt coins seem to be going down the same path. I was expecting big things from SALT LT but this is making me nervous. Lets hope that $ADA and $BTC aren't going to do what $SALT and $POE have done.
Just looking at this chart, you can clearly use a market cycle cheat sheet to compare the two and try to determine what will happen next.
- Notice the volume at the bottom, to me this looks like accumulation for the next pump cycle.
- Entry : $3 - $4.20
- Setting targets near ATH, tp1 : $5.50 tp2 : $9.20, leave rest to ride :D