SPR/BTC end of downtrend

17 Şub 2018

First of all, this is an educational chart. I am trying to understand how technical analysis work.
I outlined two scenarios:

1. Spreadcoin will hold support and accumulate (building momentum) before a new run.
2. Spreadcoin wont hold support and remains in downtrend. next support line: 1.414 fib line, around 2500sats

If you have any feedback or remarks, feel free to leave a comment.

18 Şub 2018

Not

UPDATE

scenario 1 is invalid. Spreadcoin broke support downwards, now heading for 1.414 fib line, scenario 2 is more likely

22 Şub 2018

Not

SPR broke out downtrend, accumulation time!