On the above 1-day chart price action has collapsed 70% since mid-April and has now found support on past resistance. The ‘incredible buy’ signal is now illuminated. The past resistance / support is a little clearer here:
On the 4-day chart a ‘Dragonfly DOJI’ candle printed as Stochastic RSI is now <1 for a period approaching 50 days. From a risk / reward perspective it doesn’t look any better than this.
Trade active
⋅
Comment
⋅
No change here - all is good - be patient!
Trade active
⋅
Searched every alt-coin on the weekly charts, this is the only one showing a Dragonfly DOJI candle on the weekly and successfully bouncing from the golden ratio (below).
Meanwhile the 3-day dollar chart (bottom) prints a Dragonfly DOJI also with support on the 21-week EMA.
A move to 9 cents should be expected in the first instance.
I dont think so, I believe this project has bottom at 0.015, im short from 0,036
without_worries
⋅
@foobared1337, be careful with them shorts. As mentioned above *caution - small market cap*, this could 100x and still it would be a tiny market capital!
Lastly, have a look at the weekly chart below. Stochastic RSI just crossed up 20 (circled in purple). Never go short into a cross up of 20. A down of 80, yes. A up over 20 tells you lots of momentum is about to enter the market.
foobared1337
⋅
@without_worries, Can you please update us, looks like there is forming inverse head and shoulders setup?