I made this to help me identify whether MONA would head into a bull market or bengin a downtrend. The Fibonacci is confirmed by two key points in the chart and could indicate potential sell targets if the market breaks out.
The blue squares are where I think there might be some support and resistance
There seems to be some resistance around the 3200 mark and i beleive some support below the fib
Mona possibly in the money zone, i usually put the fib on the moving average intersections but on this chart i used the high and low points of the last breakout.
we havent quite hit the flatline after the last breakout so just trying to think where it might happen