If you look closely, you can see a parabola forming here, originating from $0.000215 level. Probable level of the parabola top may be equal to the height of the channel - that is, the level to which the price will reach upon breaking through descending channel. Again, the price has touched the level of June prices. This means that we have a sideways trend for 140 days and those who accumulate in it are buying the bottom.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.