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WTER "Fall"

For my educational purpose, not to be used as financial advice.

It looks like there is a megaphone type pattern on the break out. It could possibly signal a fall coming, retesting the 200 EMA and/or lower.

RSI is showing a continuation of a fall, indicating bearish sentiment.

MFI shows a bearish trend pointing towards a fall.
Note
Should continue down to around $0.60.
Note
On the 1M, 3M and 6M the price is starting to cross the 200 EMA. This might be the accumulation area.
Note
This is going much lower.

Prediction: maybe around 0.1
Note
We might have a bounce along with some of the weed stocks.
Note
Small bounce Jan 3/4. More downside coming.

Clause de non-responsabilité