A healthy retracement during the correction

21 มิ.ย. 2020

Expecting the price to reach between the 0.5 and 0.618 fib retracement levels around 230/237sats where we could see the price turn around to continue to follow the down trend of the correction. This could happen sooner considering the RSI on the 1hr is already close to the overbought zone. Wouldn't be making any long trades in this area unless we break above the descending channel and push through the 0.618 retracement. Don't listen to all the people on youtube and telegram telling you that we're going to moon because the last time we had a bounce to the upside, everyone was screaming about their dreams of 3 cents being fulfilled once again. Don't buy tops! Anyway, be careful with this one, I'm personally waiting for a test of the 150-160 sat region to see if the positive momentum holds.