You will see that I have updated the entry for the price rising much quicker than expected. It looks like it has reached previous levels and hit a previous resistance.
Do you see it coming back down to $5-$4 anytime soon?
JakeBrandonCastro
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@jblan1776, I really don't I was wrong on entry.. I mean it hit my area (the top of it) but I never got in when I thought it would pop because it rose much faster than expected. Institutional investors got in on that Fib level I was talking about and it never came back down. The demand will ensure it will not come back to this value.
8.72 was previous resistance but since it broke that is likely to become the new support. Consider that a good entry. Low 9's to high 8's
jblan1776
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@JakeBrandonCastro, Thanks for the info. I got in at $7 and was hoping to get in lower.
JakeBrandonCastro
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@jblan1776, No that's a great entry I would hold and maybe even try to dollar cost average into it. Any red days? just keep buying this puppy will continue to rise. This current rise is because China has been looking to fund programs within their own country. (and the institutional investors buying in around $5) These aren't even because of any partnerships they have with companies yet. Once news comes out that Amazon or another Ecommerce Giant wants to partner they will skyrocket.