✴️ OpenANX Moves First + Emotional Excess

28 de ago. de 2023

Ok my dear friend... And you are a friend to me!

I have a few tidbits of information to give when looking at this chart.

When the Altcoins market is about to go hot, move up strong, OpenANX tends to be one of the projects that move first. When you see this one moving pay attention.

Huge volume; Today's candle is really strong.

In a previous trade idea, Chromia, I mentioned "emotional excess"... I think this is an outdated term and works better for stocks but we can still use it here. When patterns break strongly to any side we can consider it an excess.

We can see how OpenANX broke the ascending trendline and then went on to produce a strong crash. This is clearly a stop-loss hunt move; aka market manipulation.

I see the market going up, the summer is now over so people will be back on their computers, back to work.

The arrows are for illustration only.
Up, but the up can develop in any way.

Thank you for always coming back.
And thank you for your support truly, it means everything to me.

Namaste.