Hello traders,
As of late I have published few interesting small cap coins with a great success. This one I have been watching since the first day it came out of the market... So far I am very happy about it's developments and strength...
For the technical aspects for the short term;
4Hr chart we have 52 rsi(14) which indicated buyers ahead of sellers. Buying volume is steady and selling volume is getting less, which means trust is building up. Currently above ema10,ema20,ema100 lines. Sitting near the top of the mid range of the narrowed bollinger bands. Narrowed Bollinger band could mean price action is steady and ready for next big jump....MaCD(10,26,9) is above the middle line bottom line already crossed the top line. Signaling also strength... All the right conditions are out there for now.
For the aspects for Long term;
1D chart we have 56 rsi(14) which indicated buyers ahead of sellers. Buying volume is also steady and selling volume is getting less. Currently above ema10,ema20 and facing slight resistance on ema100 lines(currently is around ~$16).Any close above $16 on the daily chart will send very strong positive signs to prospect buyers. Sitting near the top of the narrowed bollinger bands. Price action is steady and ready for next big jump....MaCD(10,26,9) is above the middle line bottom line already crossed the top line. Signally also strength...
My biggest worry was declining BTC value however btc seems happy above 30k zone anything under buyers kicks in fast. This also happened when Btc was around 10k mark. Btc price action tried to go under 10k buyers did not allow it. Even though BTc declined %25 wing coin increased %40 value combined.
This is not an investment idea but I am personally expecting big breakthrough here.... It is hard to estimate when would this happen but we do have all the right conditions.. It is all waiting game for now.. I have increased my position and ready to make some $$...