I've always liked this coin because of the perfect Elliott Waves this market creates. This one just broke previous ATH and landed on support so i expect to see another leg in the Elliott cycle
i thought downward triangles were bearish? can someone tell me why this wasa bull indicator? (im new)
Poptop169
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@Shevymc, It would be if the support levels, were consistently being lowered. It would show instability and uncertainty within that market. But this one had consistent support levels, but with diminishing highs. Which accumulated into a volcano of pressure which shot upwards.
True, it could have possibly shot down also. But the fact that the support level was so clear it was unlikely. And it is best to buy when breakout is confirmed past the trendline
atkelley22
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Is resistance at .00065 or .0007? I'm thinking about making a late entry here.