The first risk point, when upward movement can be slowed down is crossing of Gann fan ½ level and Fibo 0.786. If we go upper this point the most probable next target will be $11000.
According to the short trend line, we have a possibility to go under red risk line straight up.
From the fundamental point of view, we can see neutral news background, but some traders are waiting for the end of Chinese New Year and predicting strong bullish movement.
Also, Bittrex has opened registration again and we can expect new cash flow to crypto market and subsequent growth.
According to the short trend line, we have a possibility to go under red risk line straight up.
From the fundamental point of view, we can see neutral news background, but some traders are waiting for the end of Chinese New Year and predicting strong bullish movement.
Also, Bittrex has opened registration again and we can expect new cash flow to crypto market and subsequent growth.