The reason I expect a rise is because of the MA50 crossing the MA200 on the 1hour level. The is also on a very low level and the green and red line can cross at any moment. It has bounced up several times indicating a possible recovery. AND show a strong uptrend.
Currently resting on the 0.618 fibonnaci level at 8084 satoshis.
First target is the 0.786 fibonnaci level at 8915 satoshis (10.2% profits).
Secondary target is 11000 satoshis based on previous high (36% profits).
Stoploss on 0.5 fibonnaci level at 7499 satoshis (-7,8% loss).
As usual, opinions and suggestions are welcome so please leave a comment.