All targets were reached a lot faster than expected. Target 2 is acting as support now but I would like to see if this holds.
The fourth resistance at 0.35 was too much to break. If 0.23- 0.24 won't hold then target 1 around 0.18 will act as support.
For now a bearish divergence has formed, which most of the time means some sell-offs are going to take place.
I am staying at the sideline since the run up went fast and normally those end well. If supports holds the comming days, new setups can be made. And if it decides to continue going up... watch out for:
- 0.35
- 0.40
- 0.45
After this it's price discovery.
Trade safe, take profits, don't hunt the ultimate top because you won't catch it. 10 times 1% is also 10% profit.
Always check BTC and ETH first before making a trade.