Thank you, so I am not the only one who is seeing the potential of the falling wedge and the elliot wave count.
SentiSurf
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I wouldn't mind if there are still some bears left and price just drops a little more, because I have some buy orders waiting at around 1,00 $ ;)
Capn_Oumuamua
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@SentiSurf, Well, it depends if we use the wicks or the bodies as trendline. If we see the bodies as the trendline that holds support with no wicks going through, then 1 dollar is pretty much the last price it can get to. If we use the wicks as support trendline, then it can go to like 95 cents or something. If we even break that, well, then the next support is somewhere at 80-83 cents I guess. But that would change the whole szenario, if that happens.
@iamkushalmishra, price is still going down, but MACD and OBV_Osc are pointing up. So there is a bullish divergence, which makes it likely that a move to the upside will occur soon. But I can't say yet, if it will be a trendreversal or just a bounce.
sacredmarket
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hopes this will be the new bottom and move up from here. Seems like a waste that a recent listing is down so much.
SentiSurf
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Hi @sacredmarket, Bulls didn't really takeover yet. We need to see more strong, green Volume to confirm a change in trend. Here's an update of my point of view: