Technicals only I didn't check or research this coin.
It is weekly chart so the action can take some time but only based on what I see pair is in the interesting moment. I marked with arrows triple bottom which is nicely respected by market. Triple bottom merged with lowest lows from the end of year 2015. It is not certain to me if the pair will bounce and will shoot up or temporally bounce and retest this rather solid support area. R/R is very fair I set up TP area in reasonable place. It is definitely very good place to enter the market.
TP areas :
around 6500 which I believe is quite possible (2:0)
around 9800 which it may happen. (4,5:1)
above 10k it is possible I think but I don't consider it for this particular trade.
It is weekly chart so the action can take some time but only based on what I see pair is in the interesting moment. I marked with arrows triple bottom which is nicely respected by market. Triple bottom merged with lowest lows from the end of year 2015. It is not certain to me if the pair will bounce and will shoot up or temporally bounce and retest this rather solid support area. R/R is very fair I set up TP area in reasonable place. It is definitely very good place to enter the market.
TP areas :
around 6500 which I believe is quite possible (2:0)
around 9800 which it may happen. (4,5:1)
above 10k it is possible I think but I don't consider it for this particular trade.