I've been a long time holder of this coin; bought some way back in in 2018 when it was at $12, lol. It managed to make it all the way up to $18 before tanking with everything else. Given that we've already seen where it's been ($18), I'm thinking there is a ton of upside potential from $0.42, and as of late the price action has begun to stir again.
We recently saw a breakout from a huge symmetrical triangle only to cool off when BTC started to correct. And now we see an inverse head and shoulders on the 4h, which we have just broken out of and are currently testing as support. The volume has also been picking up, which is a good sign.
We recently saw a breakout from a huge symmetrical triangle only to cool off when BTC started to correct. And now we see an inverse head and shoulders on the 4h, which we have just broken out of and are currently testing as support. The volume has also been picking up, which is a good sign.
Commentaire:
Took a minute but we're finally rockin!
1) on the weekly timeframe you can see a huge cup and handle formation from summer of 2019 to spring of 2021.
2) on the daily timeframe there is a smaller (yet still quite large) cup and handle formation that formed AFTER the weekly cup and candle the began end of August and just finished recently.
The weekly cup and handle reached $2.10, the daily $1.60 albeit extremely briefly. If these formations are setting up for a major move, we can expect this coin to go pretty high from where it is right now.
Definitely worth keeping an eye on!