Origin Trail Road Map .. early spring or 6 more weeks of winterOn the chart I have defined major formations, trend lines, reactive centerlines, and have lined out two potential road maps back to the top of the mega-phoning upward channel.
In one scenario, with BTC looking ready to topple against alts on the BTC vs ALTS chart over the next few weeks (we will see by December) and Trac having just broken a 6 month long downtrend to the upside on strong volume, it could climb back above the daily 250 EMA, and return to the top of the channel from here...... but... there is a similar triple bottom formation that formed on this chart at the bottom of the big leg down of the bear market, and then a large move up with retrace, that lead to an accumulation period before breaking the daily 250 EMA to the upside and rocketing to $1.55.. so there is a scenario on this chart that fits the pattern where.. TRAC could move a little lower and visit the lower long term support before this next leg up. Having said that, it is not necessary for that pattern to repeat.. just something to point out I thought. An alternative scenario.
Previous ATH was just a little over $6, and a target of $6 at the top of the channel lines up nicely with the rest of the pattern.
