Little to no history on this DeFi project. However for such a small market capital there’s a surprising amount of volume changing hands.
Facts on the technical:
1) Following a 70% correction in price action, RSI was oversold (orange columns) and has now broken trend line resistance.
2) Regular bullish divergence. Falling price action diverges with rising MFI = bullish. The Divergence is also noticeable on the Bitcoin chart pair.
3) Price action is below all the major moving averages, excellent. Always buy low.
Buy low sell high, right now price action has collapsed 70% with the alt-coin market correction. The lack of history means risk is greater, so I’d not expose more than 1-2% of my portfolio.
Facts on the technical:
1) Following a 70% correction in price action, RSI was oversold (orange columns) and has now broken trend line resistance.
2) Regular bullish divergence. Falling price action diverges with rising MFI = bullish. The Divergence is also noticeable on the Bitcoin chart pair.
3) Price action is below all the major moving averages, excellent. Always buy low.
Buy low sell high, right now price action has collapsed 70% with the alt-coin market correction. The lack of history means risk is greater, so I’d not expose more than 1-2% of my portfolio.
Trade active:
higher low -
Trade active:
Looking a lot better now, Stochastic RSI sharply crossing up 20 following the oversold condition (orange).
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Now the difficult part, waiting for the overbought green column. Patience!