To see what is really going on we need to look at this chart too:
On the other chart we are now trading below the sub-fibo:
Either way, I have not seen a good position to enter since posting this thread. Currently, there is too much downside potential...
We are in the shorting area in the other chart:
Normal rebound in the other chart?
Broke the key fibo level, the sub key fibo is next support at around 0.20 USD. The long box would be between 0.20 USD and 0.18 USD if you want to re-enter for a rally. ;) 4HR RSI is oversold, so....
Resting on a daily fibo here:
@ErikFertsman, nope! TA is pseudo-science bullshit. it wasn't "already going" anywhere. You don't think regulatory news (bans or tax law changes) affects people's behaviors? Where it goes is determined by myriads decisions of individual and institutional investors--informed, imperfectly, moment to moment from a myriad influences together with technical glitches (like exchange outages). If TA worked the does it here wouldn't be writing blog posts to sell banner ads. He's be sipping cocktails on a beach somewhere.