A clear breakout has occurred in the 4 HR timeframe. The price might continue to go lower above the descending trend line but it seems that it cannot reach lower than 20$. It may take a while for a sharp start, but high targets are reachable within the next 300 candles in the 4 HR timeframe (300*4 HR=50 DAYS). This coin has a great fundamental situation.
This coin has scam fundamentals, it should go below $10 easily.
omidtbv
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@Trauberg, ill bring your comment next year when it was over 1k usdt.deal?
Trauberg
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@omidtbv, sure we can try. but scams pump in bull markets too. i am just saying its not very likely that these guys will produce a blockchain tech that will be used in any way whatsoever.
omidtbv
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@Trauberg, yup you know better than gold man sachs
avarzamani
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@omidtbv, 1K is very optimistic. I suppose 300 to 400 would be a reachable target by the end of the year.
avarzamani
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@Trauberg, there is one thing that I would like to mention. NONE of the cryptocurrencies worth the amount of money that you are paying, we are just buying brands. Since this market or any other market is based on liquidity produced by both buyers and sellers, smart money knows how exactly it can make you liquid. When we are all happy with the uprising prices and indicators that are showing the next waves of profit it suddenly crashes. Now on the opposite, when we are all disappointed and we are targeting lower prices it will surprise you.