What a crazy chart this is! The sheer force on this chart is absolutely insane! Lets dive into it!
We're looking at long fib retracement starting from February 2nd, 2018, to Feburary 14th (d'aww valentines day <3 <3 <3) and we're getting lots of support from 0.618 at just below 19k sats. Our resistance arc at 1.0 fib is holding us pretty hard onto the edge and if we fall through that it could spell disaster for any short term gains. EMA200 (in red) is now acting as possible resistance as we've dropped below and if this candle closes red. Stoch RSI is looking good for some possible short term increases if those support lines hold, but we're approaching overbought which could trigger a sell off. Hold your bags tight everyone this is going to be a bumpy ride!!!!
We're looking at long fib retracement starting from February 2nd, 2018, to Feburary 14th (d'aww valentines day <3 <3 <3) and we're getting lots of support from 0.618 at just below 19k sats. Our resistance arc at 1.0 fib is holding us pretty hard onto the edge and if we fall through that it could spell disaster for any short term gains. EMA200 (in red) is now acting as possible resistance as we've dropped below and if this candle closes red. Stoch RSI is looking good for some possible short term increases if those support lines hold, but we're approaching overbought which could trigger a sell off. Hold your bags tight everyone this is going to be a bumpy ride!!!!