My target box was only missed by a couple of cents. We all knew this was coming. Price action still well inside the log channel. Retrace can go down to 2.4$ action (previous ATH). It didn't dump as hard as some people would've thought/liked. Check the correction on the previous high for a comparison.
Keep an eye on the price when it gets to the channel lines. If it falls through. Bear cycle. If it holds, mega bull time. Next target if line holds would be 4.2$
Kommentar
⋅
yellow lines are previous non logarithmic channel lines for comparison
@goldexchangev, as soon as it hits the bottom puprple line an the price stays above it/ clear breakout to the downside. Can't tell until it's confirmed unfortunately.
@goldexchangev, only a few months honestly. I've been learning and doing as much research as I can and analysing charts from some of the best considered chartists. I've only been posting charts since the new year actually.
What helped for me was; look at other people's charts and have a look for yourself as well. Don't assume what people tell you. Always double check yourself and have a look if it actually seems possible or seems likely that the market might do what you might expect it to do. Check backgrounds of coins and the potential of them. Have a look at the news as well etc. And confirm the thoughts of some random dude like me posting charts hehe.