Currently looking to contest the 0.382 fib level at $0.55, but will most likely blow past to the 0.5 fib level where it will face resistance around $0.70. But overall long term is very bullish here, and it will reach for $1.03 or $1.27 within 2 months.
Multiple patterns to look at. 1) Cup and Handle - Bullish at this moment. 2) Inverse Head and Shoulders - Bullish when you zoom in a little bit. 3) Fibb level of 0.236 - Bullish because this isn't a level things like to stay in during a bull market. 4) Strong Support at $0.37 - It's already very close to the support levels, and it keeps bouncing off it. That means it's ready to push up violently. 5) Completed Head and Shoulders on 1D - It has completed the Bearish H & S and played that out. So now it's time to complete the bullish patterns.
Warning: Bullish play will be delayed if bitcoin drops heavily, but I would place buys around 0.35 for sure. Near term targets: $0.54 Mid term target: $0.6 Long term target: $1.0 or $1.24
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