Not possible for it to be break out w volume and close above?
Reallifetrading
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@aychen2000, Anything is possible. But in this scenario, you would have wanted to sell / lock in gains or AT LEAST trail stops significantly. This is the point of practicing the past to get better at the future.
penxrp
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will it still go back to $4 before it surge up?
Reallifetrading
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@penxrp, It's certainly could. You could have a buy order there, JUST in case. For right now, the 100 SMA will be a support. Overall, this coin is still weaker than the general market.
VelvetHammersTrading
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Study the chart and the wave count. Except that DOW theory explicitly prohibits a wave 4 from entering the price territory of wave 1. If it does... then it’s not a wave 4. Therefore this is more likely a 1/2,1/2, 1,2,3 with wave 4 and wave 5 upcoming. So could be pullback into 10 then move higher into 20 to complete the cycle.