This is a beautiful chart that has shown an ABC Elliot Wave correction. It has a strong support at 60k satoshi since that is the coins ATL (All time low). it also matches very well with the fibbonacci theory of shorting the falling trend (surprisem surprise) It has tested the support once, but had a quick bounce back to 70k-ish levels.
This chart looks like its preparing for the next bull run and the potential on it is pretty good. The volume on is still pretty weak so if someone wants to wait a little bit long before confirmation I can't blame them. The rounded bottom on the 4h and 1d candles looks sick. It's only the matter of time when this coin explodes.
Also one good key to mention is that RSI on weekly is EXTREMELY oversold and the only time it was this oversold was January of 2016 when the coin jumped 700% in the next few months.
This chart looks like its preparing for the next bull run and the potential on it is pretty good. The volume on is still pretty weak so if someone wants to wait a little bit long before confirmation I can't blame them. The rounded bottom on the 4h and 1d candles looks sick. It's only the matter of time when this coin explodes.
Also one good key to mention is that RSI on weekly is EXTREMELY oversold and the only time it was this oversold was January of 2016 when the coin jumped 700% in the next few months.
Comentário:
Just as expected.
Just as expected.
Similair chart to LBC, except this one is even more oversold since the entry.
I'm accumulating as this one is showing a reversal on weekly and short term accumulation on 4h candles.