Buy at 3, Sell at 6?
Updated
Expecting a bounce from 0.618 region marked in the chart.
Why target 6? Because that will be 0.618 (approximate)retrace of the dump from 8.5
BNB has a similar chart on daily time frame when it started trading few years back.
Why target 6? Because that will be 0.618 (approximate)retrace of the dump from 8.5
BNB has a similar chart on daily time frame when it started trading few years back.
Note
You can also consider it a falling wedge (this chart is for UNIBTC)i.imgur.com/NybDYD2.png
Note
I might re-evaluate at 6 and sell half above 10. Will update if and when it pumps above 5.
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