I have been monitoring this for a while, and I noticed it went completely off the radar, simply because people lost interest in it.
However, knowing the history of the coin, and the team behind it, it still has a lot of backing.
As we can see on the chart, it has been consolidating for a while, and it's not dropping below the fib target for a very long time, which indicated that holders are superior to the sellers right now. Indicators are showing very low volume and an oversold BitcoinCash.
For my fibonacci targets, I didn't take into consideration the huge peak at the top, because I know it was artificially made by Roger Ver's 50000 bitcoin buy.
This is, in my opinion a great buy. I'm going to wait for a small bullish sign ( a sign of an uptrend), then I get in. But I believe this trade is very low risk and high reward.
However, knowing the history of the coin, and the team behind it, it still has a lot of backing.
As we can see on the chart, it has been consolidating for a while, and it's not dropping below the fib target for a very long time, which indicated that holders are superior to the sellers right now. Indicators are showing very low volume and an oversold BitcoinCash.
For my fibonacci targets, I didn't take into consideration the huge peak at the top, because I know it was artificially made by Roger Ver's 50000 bitcoin buy.
This is, in my opinion a great buy. I'm going to wait for a small bullish sign ( a sign of an uptrend), then I get in. But I believe this trade is very low risk and high reward.
Comment:
I still think it's a good trade. Roger Ver is not going to let that one drop
Comment:
TOLD YOU!
Too good for this
Too good for this
Comment:
Sell at 0.168 fib target