PDCBTC parabolic price movement

The price of PDC moves according to the Fibonacci sequence. It broke out from the resistance level of Fib 0.236 which is located near the point 0.0000150. According to the RSI the price is in an oversold zone, combining those factors together it should move in an ascending channel till the next resistance level and then step by step till the completion of Parabolic pattern at the point of Fib 0.786 which is located at 0.00003539.