Looks like Expanse may be undergoing classic Wyckoff accumulation on the 4hr chart, which would indicate that we probably won't retest the recent lows before blasting off again - and if we do, be on the lookout for a spring. Why do I think this fits? Well:
1) Can see a very wide-bodied candle at the beginning of the trading range on relatively high volume (volume in general is atrocious on Bittrex so it's all relative) that fits the profile of a selling climax
2) If that is a selling climax, we can also see a pretty obvious preliminary support that was reached right before that selling climax. According to Wyckoff's rules, the composite operator will attempt to accumulate most of their coins below this price - and, as we can see looking forward from there, price has spent most of its time below this level since it was breached
3) Quick automatic rejection after the selling climax
4) Strong buy support the next time price reaches the level of the selling climax
5) Multiple upward thrusts after the selling climax, but the second doesn't go as far as the first
Given all of that, we would expect to see another thrust up that doesn't go as far as the last, followed by a last point of supply for cheap EXP that could either just be a small dip or a larger one that acts as a spring. After that, there should be a rise in price to the indicate resistance level, whereupon it will consolidate before beginning price mark-up. We'll see :D
1) Can see a very wide-bodied candle at the beginning of the trading range on relatively high volume (volume in general is atrocious on Bittrex so it's all relative) that fits the profile of a selling climax
2) If that is a selling climax, we can also see a pretty obvious preliminary support that was reached right before that selling climax. According to Wyckoff's rules, the composite operator will attempt to accumulate most of their coins below this price - and, as we can see looking forward from there, price has spent most of its time below this level since it was breached
3) Quick automatic rejection after the selling climax
4) Strong buy support the next time price reaches the level of the selling climax
5) Multiple upward thrusts after the selling climax, but the second doesn't go as far as the first
Given all of that, we would expect to see another thrust up that doesn't go as far as the last, followed by a last point of supply for cheap EXP that could either just be a small dip or a larger one that acts as a spring. After that, there should be a rise in price to the indicate resistance level, whereupon it will consolidate before beginning price mark-up. We'll see :D