Andrewthetrader

Seele - Reaccumulation has began.

Long
Andrewthetrader Updated   
HUOBI:SEELEUSDT   None
Price stopped short of the .786 fib and has bounced slightly in accumulation mode. Should take off after conquering Hold level at .0137. Good luck.
Comment:
Seele distributed lower than thought, so underwater for a while finding support at a long term trend line. Since then we had a nice uptrend and now we are currently retracing at around 50% since its high. I must say price action is lack luster right now at this range and it may need to drop down to the next hold level marked 1 most likely where it should also gain trend support. I give this a 50% probability. Hold level 2 is another possibility though more remote. Finding support here l give a 30% probability to. This bullish market should lift this coin, but capital right now seems to be going into the more aggressively trending coins, which is fair enough. I'm holding but this coin, but is not a large % of my portfolio, hopefully it is the same with you. Best Wishes

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