Hello Friends,
Below I have given the Pros and Cons on this chart.
PROS
As Indicated on the chart, we have a MACD Bullish Signal and it is in the shape of a Bullish Flag (very LONG low winded flag). We can expect to see a new high according to TA of possibly 0.00000019+ and see 0.00000015 as support. The other reason for a bullish move is here. If this pattern holds, we can possibly see a test of 0.00000015. If we break through then we can possibly see a new high.
CONS
However if we fail here then we can expect to see lower lows and possibly a quick retrace back to Binances opening price on Jan 30th at 0.0000009. If this breaks down then we will surely head to ICO prices of 0.00000003 BTC or lower. This coin has been inflated ATH of 6x it's ICO price and realistic to bring it back to earthly prices. BTW, looking at the buy/sell orders tells me that regardless of signals, we are going back to earth.
PONDER THIS
As we approach the airdrop time frame, will it be worth buying up TRX and BTT before hand? So we watch as the date approaches...is all we can do.
Anyways, who really knows hey? You decide for yourself.
Until then, the trend is your friend. Buying on the dip and selling on the hype.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
Cheers!
Below I have given the Pros and Cons on this chart.
PROS
As Indicated on the chart, we have a MACD Bullish Signal and it is in the shape of a Bullish Flag (very LONG low winded flag). We can expect to see a new high according to TA of possibly 0.00000019+ and see 0.00000015 as support. The other reason for a bullish move is here. If this pattern holds, we can possibly see a test of 0.00000015. If we break through then we can possibly see a new high.
CONS
However if we fail here then we can expect to see lower lows and possibly a quick retrace back to Binances opening price on Jan 30th at 0.0000009. If this breaks down then we will surely head to ICO prices of 0.00000003 BTC or lower. This coin has been inflated ATH of 6x it's ICO price and realistic to bring it back to earthly prices. BTW, looking at the buy/sell orders tells me that regardless of signals, we are going back to earth.
PONDER THIS
As we approach the airdrop time frame, will it be worth buying up TRX and BTT before hand? So we watch as the date approaches...is all we can do.
Anyways, who really knows hey? You decide for yourself.
Until then, the trend is your friend. Buying on the dip and selling on the hype.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
Cheers!