Key is returning to the 23.60% fib and the 1x1 fib ray on the daily chart - The 24 hour volume was 67,000 Btc at the highest point and is down to 2700 Btc now - This drop in volume brings some doubt to mind but If the price manages to bounce around 270 satoshis it should get to 370 and potentially 440 satoshis - Bounce confirmation would be around 300 satoshis after reversing at 270, the 1x1 fib ray on the daily has to hold
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Key has hit the target price but its not an impressive bounce, not buying until more confirmation of upward movement
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The 23.60% fib broke - Could be looking as low as 160 satoshis now
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Key has found support on the 240 chart but the candle is hanging in thin air on the daily chart - This makes me feel that support here is temporary and a further drop to 200 or even as low as 170 is possible before a decent bounce
You realize price action is just a derivative of volume, right? You're not accounting for volume in this, that's why you can't define support (repeatedly)
Nom_de_Guerre
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@astram22, If you actually read the description you would realise that i do - This is a new coin in a bear market so I am not calling trades i am identifying next support for you to watch - Hope that explains things better for you, I know new people have trouble understanding ;)
DadShark
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@Nom_de_Guerre, But none of the supports drawn are respected at all
Nom_de_Guerre
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@astram22, get a LIFE little man before i start commenting on your charts, i've checked and they are all fails
I dont see ah 400 stats if lucky 350-370 but it is looking so bad since we create newer highs and newer lows on this downtrend idk
Nom_de_Guerre
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@wrcu52, yes exactly youre right, this is why i said to wait for confirmation, 160 possible now
EgotripCz
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@Nom_de_Guerre, Would you get in, if we return above 280?.. Just asking. I got in on 250 and holding since. Unfortunately I was greedy and didn´t sell anything. I have stop loss on 250 and first target now too high on 444. I have seen your chart, but didn´t believe, we could go down to 270. Good work with the chart BTW :-)