Lots of hopium charts as of late showing massive pump beyond moon... Of course its possible, but as possible as we could see sub 0.15 area again.
More I look at the chart, more I believe we need more time before mother pump.
There are 3 levels short term to watch for with 0.38 resistance test my immediat target before a pull back to 0.25ish support area then later this year and more likely early 2021 might finally break this diagonal to test 0.53 or even 0.90.
I hope we shall see our position stay in the green for a while and that the worst is behind us. Don't forget its crypto world and anything is possible but try to keep your feet on the ground anytime before taking a decision long or short! Patience is key.
Take care all and trade safely.
More I look at the chart, more I believe we need more time before mother pump.
There are 3 levels short term to watch for with 0.38 resistance test my immediat target before a pull back to 0.25ish support area then later this year and more likely early 2021 might finally break this diagonal to test 0.53 or even 0.90.
I hope we shall see our position stay in the green for a while and that the worst is behind us. Don't forget its crypto world and anything is possible but try to keep your feet on the ground anytime before taking a decision long or short! Patience is key.
Take care all and trade safely.
The breaking of 0,33 to 0,38 was a must so this scenario plays out. Obviously it didn't happen and I'm afraid we are actually going below 0,15 but not lower than 0,13ish. I'll post a new chart today or tomorrow to illustrate how I see it going for the next 6 month.