MAID Trend Reversal
Nearing the absolute end of the downtrend with MAID.
As the development news comes out and awareness of Maidsafe increases, fundamentals signal positivity;
TA such as bullish divergence and noticeable trend change will create upwards momentum.
Before that occurs a final touch to ~11750 (0.382 retracement) is highly likely in order to complete the falling wedge pattern. Using an equal move into the triangle, outward movement is likely to end the first leg at ~17080 (1.272 retracement).
As the development news comes out and awareness of Maidsafe increases, fundamentals signal positivity;
TA such as bullish divergence and noticeable trend change will create upwards momentum.
Before that occurs a final touch to ~11750 (0.382 retracement) is highly likely in order to complete the falling wedge pattern. Using an equal move into the triangle, outward movement is likely to end the first leg at ~17080 (1.272 retracement).
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