Callisto is going to complete a wide reversal pattern.
It is keepeing stable on BTC pair during this market contraction.
Fundamentals
Callisto's Hard Fork, Idavoll is incoming.
By implementing this H.F, the Callisto team will have delivered all the goals of the whitepaper.
Idavoll Specs:
🔺Istanbul Implementation
🔺Cold Staking V2
🔺On-chain gov
Note: details...
Trend Analysis
After the halving on currento month:
🔺 the Callisto inflation is effectively extremly reduced
🔺 the Orderbooks are now depleted on buy direction
🔺 no sell wall below 20 sat is visible on the three major exchanges Bitfinex, HitBtc and Stex
Fudamentals
Key points for CLO in 2020:
🔺Cold Staking Update
🔺Governance System
🔺Listing of CLO EOS...
Callisto has broken the last slope, due Bitcoin fall and the price meet a major solid trendline that track the triangle.. bouncing on it!
The price is charging as a spring, compressing on the triangle, to have force to break the big resistance above.
Usually uptrend triangle statistically breake the main resistance about at 2/3, so we are on the way.
Gann analys aiming for 23SAT as the next resistance from where it can build up strength to further highs
Conditional entry: closing 2 bars @1D TF , 16SAT
It seems Callisto price trend is growing day by day after the previous bottom @ 8 sat.
Blue line is the last growing trenline slope, interpoling minimum values.
downtrend line has a slope reduced then previous one
price touch minimum values
Canadian C3 is ready to boost the price spreading next three months
all forecast alineated to have a nice warm Autumn
ready to jump into?
It's more of gamble to make a TA on such a young coin. But anyway project seems solid and devs are skillfull, RSI /MACD shows a good entry point to buy the dip.
