One of my favorite projects. A shame that it's so silent at times but I still love it.
It seems to be getting at the end of a 17 day triangle with Stoch RSI bottomed out since 10 days. MACD stopping the drop and squeezing and it has tested the upper side of the triangle earlier today. Big sellwall at 5000 sats tho.
I would recommend buying after breakout/retest so you don't get rekt. First target would be 0.236 fib and after that the 0.382 fib, where a lot of support has been a couple of months ago (see chart)
It seems to be getting at the end of a 17 day triangle with Stoch RSI bottomed out since 10 days. MACD stopping the drop and squeezing and it has tested the upper side of the triangle earlier today. Big sellwall at 5000 sats tho.
I would recommend buying after breakout/retest so you don't get rekt. First target would be 0.236 fib and after that the 0.382 fib, where a lot of support has been a couple of months ago (see chart)
Comment:
Big spikes of volume on smaller timeframes in the last 24 hours. Stoch RSI curving up rapidly on the 1D.