I like to call this chart ArcBlock Growth Waves. We can see it clearly on the 4 hour chart. Following what we can have in the MACD and SMI indicators, (what I call) Sell Wave 1 ended around .47 cents and dropped to .30 cents, a whole 35% move. Then we had Buy Wave 1, where we ran 400% from the top of Sell Wave 1, to $1.60. We just experienced Sell Wave 2. This was a deeper pull back with a 51% drop. I believe we just entered into the next Buy Wave 2, and we could go as high as 6-7$ range if the pattern continues. This would have to happen in the short term time frame we are entering. So take this post as a call to action.
Cheers,
trad3zz
Cheers,
trad3zz