a symmetrical triangle signalling continuation of the trend
My last target was reached, and followed by a quick fall, with a movement down to the support likely. Those levels present a good buying opportunity, with a target of 0.000107. I will set a stop loss at or around 0.00008, and will keep that for further buys.
The first target is to 0.00011, at the resistance. A fall below the support likely indicates a return to pre-spike levels at 0.000045-0.000075.
This movement will likely be followed by a fall to $6220.
A breakout almost certainly indicates continuation of the prior trend. The first target is 385. On the flip side, a movement below the triangle likely indicates the beginning of a descent to 340.
A break down to $880 is likely if this triangle continues. If the drop continues below $850, this is a strong indicator of a more bearish long term trend.
Break down to $900 if this trend continues.