Given the current market trend, and price sitting at $1.066, do you still feel like a continuation in the .70 or .80 range is possible?
aaronmcalister
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@coinkoios yes even if price were to dip that low, price would still be in an uptrend
coinkoios
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@aaronmcalister, I agree. So, what price level to the downside would you consider to be a clear indication that we might see a price drop to that .70-.80 level? I know there is pretty strong support at the .95 - 1.00 level.
aaronmcalister
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@coinkoios, Ideally, I would want to see at least 2 weekly candle closes below $1.00 before we head to the downside.
coinkoios
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@aaronmcalister, Oh wow! I hadn't thought of looking at that long of a time framer per candle - thank you for your time and insight!
aaronmcalister
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@coinkoios, No problem, with cryptocurrencies I like to focus on the higher time frames for the bigger picture