I think it will go sideways and than down ... but only to accumulate more buyers to go back up after a few weeks. But for a Longterm Buy (in a few months) it is to choppy and there was to much volume over a long period.
The chart has a high potential to bounce of at this VPOC and head upwards to 2,7 USD. Is this will happen with high volume it will stay for a while and then go upwards. Yesterday there was institutional buying. It is going down because they want it cheap and it lakcks volume.
The ranges are getting smaller and smaller. So I am thinking of bullish accumulation because of the volume, but the Angles of Decline tell another story.
I think one last accumulation sheme is necessary.
Seems like the Cryptos took to much Liquidity.
This is the second VPOC in the row and a wedge formed.
Keep in mind that we are still in the decline chanel !!! But the oportunities are strong for a strong but stepped upward movement.
Will the Top at 2.65 USD be tested or will it go down to 2,0 USD (Volume Point of Control) first?
The most analysts aim for 7.5 USD for end of this year. With the cancer therapies in their portfolio it will be there a lot earlier I think.
About 2 month ago the stock went all the way up out of a small zone. It was heavily shorted then.
The strong zone was opening at around 0.8 USD. This is the strongest tradet point (volume) on the chart.
I think it will settle today and go up tomorrow, because now it was a Shorting-of-the-Thrust because it went under 0,8 USD and returned upwards.
Next week the...