Crown currently back to the mean trend line. If it holds and bitcoin continues to rise I expect to see a rise within the next month. The green circles are my price targets, solid horizontal lines are my perceived resistance points going up and the broken lines are resistance points going down.
Let's see how it plays out :)
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First target hit. Strong push up but with little support backing it up. 50/50 if Crown hits the second target.
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Strong selling around $1.70, crown struggling to find support even at the mean. Crown could see new local lows if support is not found. 15% chance Crown will hit second target.
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Second target missed with Crown under the mean for 4 days running. Lacking support down bellow. 5-10% Chance second target will hit.
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Correction 5-10% Chance third target will hit.
Revise to 20% chance of hitting third target
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Crown cannot hold the mean, still in bear market. With such small cap coin who knows where the floor is? Next buy target is $1.00
Strong selling around $1.70, crown struggling to find support even at the mean.
Crown could see new local lows if support is not found.
15% chance Crown will hit second target.
Crown could see new local lows if support is not found.
15% chance Crown will hit second target.