I'm curious how you arrive at that figure. Has it really been pulled from somewhere the sun don't shine or is there a rational basis for it?
It's a very rough assumption based on past market runs. Monero went from about $3 to $15 last year (5x increase), from about $12 (March 10th) to a high of $60 earlier this year (5x increase), then from $30 on July 16th to $150 (5x increase). So if our last strong support was at $85 then I'm predicting our next 5x run will bring us to $425, which should happen no later than December 15th (45 day interval).
EDIT: Also, the Nov. 1st 2016 run from $4 to $18.5
almost fits the pattern.
That is actually quite a solid analysis, thank you for that. I suspected as much. I only have exactly 1 Monero bought at $60 in the first quarter of this year, so there is little to gain or lose until I am able to stock up more. In any outcome, today it has reached $100 again even though Bitcoin fell and rose to $7400, so I am also very hopeful that it will continue to break a bit of resistance. Definitely feel $85 is the current support. Hope it waits until January before moving past the old ATH, I will have added 2 or 3 coins to my lonely Monero by then!