@OmarTrigui, All i meant was that Lumens has had quite a powerful run since late Novemeber (+2200% against USD). The most recent run from 12/29/2017 - 01/4/2018 looks super hyper extended. Also, on the BTC chart, Lumens reached my predicted long term highs at almost exact points based on the last big pump that happen in May 2017.
All 3 charts (ETH, BTC, & USDT) in Day charts still look overbought and likely to continue to come down. Not saying a turn around isn't possible but in my honest opinion, the path of least resistance is downward after a brief pause.
Not trying to sound bearish, just offering a different perspective.
A_Cryptastic_Mind
⋅
Hi @OmarTrigui , you were just a little early on the call :-) - I would recommend putting your Fibonnacci closer to a bottom (it typically works quite well, and is also more industry-adopted). This will help in figuring out the relevant resistance and support lines and subsequent playing field for the price. Have a look at this example: hope it can give you some tips:
I am long on this gem, so if you still have it in your portfolio: hold on to it :-)