Prediction: Naut is continually revisiting oversold status, and has been in a significant downtrend for two weeks. With no real progress or relevant updates, and the recent attempts initiate a pump cycle being met with crickets, expect a revisit to the range of the previous bottom at around 0.0003, with a possibility of going lower, but a high probability that insiders & large holders will be defending the 0.0003 level and will be accumulating at this price for a pump after Oct 1.
A double bottom could signal a reversal into bull market conditions coming into the first week of October, but be warned that an overexuberant bull market that pushes the price too quickly will likely run out of steam before reaching previous highs, so set your stops during the down and up cycles, and stagger your bids and offers at or around previous support levels.
Good luck.
A double bottom could signal a reversal into bull market conditions coming into the first week of October, but be warned that an overexuberant bull market that pushes the price too quickly will likely run out of steam before reaching previous highs, so set your stops during the down and up cycles, and stagger your bids and offers at or around previous support levels.
Good luck.