Description
⋅ For my educational purpose, not to be used as financial advice.
It looks like there is a megaphone type pattern on the break out. It could possibly signal a fall coming, retesting the 200 EMA and/or lower.
RSI is showing a continuation of a fall, indicating bearish sentiment.
MFI shows a bearish trend pointing towards a fall.
Comment
⋅ Should continue down to around $0.60.
Comment
⋅ On the 1M, 3M and 6M the price is starting to cross the 200 EMA. This might be the accumulation area.
Comment
⋅ This is going much lower.
Prediction: maybe around 0.1
Comment
⋅ We might have a bounce along with some of the weed stocks.
Comment
⋅ Small bounce Jan 3/4. More downside coming.