This quick run up yesterday and then the quick downward move reminds me when I got in at 250 or so and it ultimately ran to 2500. I remember staying in for a good ride but not to 2500. This thing moves quick.
Today it looks like it can hit support around 2655 and the ultimate resistance is around 2934 to 2970 according to my Fibs.
Can it drop further? Certainly. It has more room within the triangle area to hit 2482 and 2342.
It appears to be making it's 3rd wave for an upward move.
All of this depends on the market overall though; such as what BTC does.
I hear there may be some good news on the way; such as a Visa BCH debit card and the fact that it's cheaper to use than BTC (transaction fees).
This is all hypothetical. Good luck!
Today it looks like it can hit support around 2655 and the ultimate resistance is around 2934 to 2970 according to my Fibs.
Can it drop further? Certainly. It has more room within the triangle area to hit 2482 and 2342.
It appears to be making it's 3rd wave for an upward move.
All of this depends on the market overall though; such as what BTC does.
I hear there may be some good news on the way; such as a Visa BCH debit card and the fact that it's cheaper to use than BTC (transaction fees).
This is all hypothetical. Good luck!