Analyzing the market from a long-term perspective, we will see
that the price movement was bullish by the end of 2017, when the market started from a low of 2420 SAS on December 22, 2017 and expanded to a historical maximum.
from 8888 sat January 8, 2018. This was a price increase of 229% from low to high.
We can see that after the placement of the ATH, the price movement shifted and began to decline rapidly. The market recently found a significant level of support,
located at the downward Fibonacci extension level 1.618 (marked in blue) at a price of 641 SATS. This level of support confirmed its relevance in August 2018 and,
is expected to continue to hold the market forward.
that the price movement was bullish by the end of 2017, when the market started from a low of 2420 SAS on December 22, 2017 and expanded to a historical maximum.
from 8888 sat January 8, 2018. This was a price increase of 229% from low to high.
We can see that after the placement of the ATH, the price movement shifted and began to decline rapidly. The market recently found a significant level of support,
located at the downward Fibonacci extension level 1.618 (marked in blue) at a price of 641 SATS. This level of support confirmed its relevance in August 2018 and,
is expected to continue to hold the market forward.
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