Market Cap 6.9 Billion
Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55.
Price has since corrected 88% and finds itself in the Golden Pocket.
We also have our first "Incredible Buy" Signal + Stochastic Oversold.
Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms.
Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there.
Can price drop further? Most definitely!
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55.
Price has since corrected 88% and finds itself in the Golden Pocket.
We also have our first "Incredible Buy" Signal + Stochastic Oversold.
Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms.
Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there.
Can price drop further? Most definitely!
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
Comment:
Weekly HA MFI is @ 0.02!
