Overall the chart isn't looking good at all. Volume as near an all time low and price has fallen below a pretty solid support line.
Price reclaim above that support line and a retest would be positive and could see further movement towards the upside. However, as crypto markets are drying up I suspect we might trend lower. $0.53 would ideally be the bottom however $0.40 isn't out of question.
Price reclaim above that support line and a retest would be positive and could see further movement towards the upside. However, as crypto markets are drying up I suspect we might trend lower. $0.53 would ideally be the bottom however $0.40 isn't out of question.
Trade closed: target reached:
Nice run up. Analysis was correct from the beginning. Rejected from resistance. Still a long term play. Target is $3+
Got a nice pull back and could see it go higher however markets are dry so might trend sideways for a while.