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October 15, 2019, 06:04:38 PM |
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Looking at how we are at around 8300 right now that would mean the price would be around 9900 and I do not think price will ever be around those levels. Not that it won't go up, it will definitely go up, either now or later but it will definitely go up. But, in order to go up 20% we would have to go up to 9900 and stop there which looks impossible since it is neither a support level nor a resistance level.
So, it could potentially go up to 9400 and stay there (a bit higher to make sure it is not testing the support all the time, so 9.5 is more likely) or it would go to 10.6k because that is the next one. So, if the price is going up, then it is either going up to 9.5 or to 10.5 levels, anything around there would be fine but if it is in between those levels like 9.9 then it will not stay there for too long.
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