"Sonm development is finished" nice words for, thank you for 42mln$, we are gone. No chance to survive in a competetive market SONM aimed at. With no dedicated developer it clearly is over. I followed this project closly and I recomend everyone to study this case since you can learn a lot about how a long planed scam looks like. Promise buy promise and never...
Ofc there will be some up movements but long term view does not look good at all. She has to correct and go back to value and where buyer are waiting. She was just hyped to much for something that has not a single use case next to speculation atm. Increased supply through Link team flooding market with there own tokens also not helpfull. Back to reality.
Can be wrong but to me it looks a bit more like a bear trap on daily. However at least it is a scalp.
If you did not bought at trend line (green) wait for conformation (W).
Do not like tight stops for crypto but right now imo better.
Chart based on "BraveNewCoin Liquid Index for Bitcoin" (BNC).
Chart represented in logarithmic view. It includes halving.
Fibonacci analysis of current cycles is used to predict next movements.
I personally do not believe that 250K will be a "realistic" target.
Never seen worse OBV and A/D. I'm expect one to two month gentle up movement before it will tank to finally enter accumulation zone. However other banks perspective doesnt look much better but on higher level.