The crypto has found support on the 0.786 Fib line and just broken above it's closest downtrend resistance line. If this movement holds it has plenty of head room under it's current upper resistance line to revisit the 0.618 level. That down will be tough to break and I don't see it happening on it's first go.
There is also a chance of reversal at the 8000 sat level off a recently broken previous support line so traders will be wise to watch that closely or even set profit target there for around 35% gains.
As always the Alts are highly exposed to movements in BTC which is currently deciding whether to continue it's recent down trend correction at the $14,000 level or rebound. You will be wise to watch for confirmation of BTC's direction before making this trade.