View on Crypto ACTUSDT (27 AUG 2020)
This is maddness.
As the hot and dumb money are flowing into crypto space, the price can get parabolic.
It can the warning signs of upcoming inflationary pressure.
To us, cryptos are nothing more than penny stocks, and this maddness can last for the while until the music ends.
It may retest the previous high of $0.03...
See fib lines, both past fib support lines were both .618 which is always interesting.
Watch for 14EMA,21EMA crossover for possible long position- would like to see both EMA crossover and previous high to be exceeded (it pretty much is close now but candle still been formed and just the shadow hovering there at the moment).
Peace and Love