Overall the chart isn't looking good at all. Volume as near an all time low and price has fallen below a pretty solid support line.
Price reclaim above that support line and a retest would be positive and could see further movement towards the upside. However, as crypto markets are drying up I suspect we might trend lower. $0.53 would ideally be the bottom however $0.40 isn't out of question.
Price reclaim above that support line and a retest would be positive and could see further movement towards the upside. However, as crypto markets are drying up I suspect we might trend lower. $0.53 would ideally be the bottom however $0.40 isn't out of question.
Note
This analysing has been a little too perfect so far :)Got a nice pull back and could see it go higher however markets are dry so might trend sideways for a while.
Trade closed: target reached
Nice run up. Analysis was correct from the beginning. Rejected from resistance. Still a long term play. Target is $3+
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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.