I took the trade as a speculative day trade - however when I anaylsed the chart again I found it has massive profit potential.
Rarely have I seen a chart as weird as this price fell comet like as soon as this ICO was listed- more like water than gas.
History tells me that price will always revert to mean reversion that is - 50% of the rise or fall.
The gives me a clue. It's not a perfect channel price barely respected it. However, price is now clearly broken the downward support line changing the trend from a consolidation to a breakout.
8 years of trading taught me how to measure and take profit where most of the bulls and bears will.
Measure the channel and double it - this is the first target= 4.764 Fib extension of the 1st corrective wave after the decline and the 0.618 of the 1st daily candle.