So I tweaked some things from my last chart and it appears we are in a descending wedge with a TP of 6.5
I honestly have some concerns that they are slowly releasing new coins onto the market but this isnt confirmed. The apex would be around the 13-14th at the latest.
If this isn't valid I really have just as a good idea as you. This coin has been pretty brutal, losing around 80% of its value in just 4 weeks. That being said if my chart is valid we can go as low as 3.20 (another 10% dip I know lol.)
Personally I will be selling if we fall below my triangle and dip below 3.00, then I'd say we really need to question if the circulating supply and market cap are accurate to what we've been told. I'd hate to think they're constantly releasing new coins which would cause this to fall everyday but thats looking like its the case, that, or clear wash trading manipulation.
I will only be selling if I find out new coins are entering the market.
This coin has basically been going down in a straight line for quite some time, dumping everyday. Do not panic sell; I will only sell it falls out of this wedge to the bottom.
I honestly have some concerns that they are slowly releasing new coins onto the market but this isnt confirmed. The apex would be around the 13-14th at the latest.
If this isn't valid I really have just as a good idea as you. This coin has been pretty brutal, losing around 80% of its value in just 4 weeks. That being said if my chart is valid we can go as low as 3.20 (another 10% dip I know lol.)
Personally I will be selling if we fall below my triangle and dip below 3.00, then I'd say we really need to question if the circulating supply and market cap are accurate to what we've been told. I'd hate to think they're constantly releasing new coins which would cause this to fall everyday but thats looking like its the case, that, or clear wash trading manipulation.
I will only be selling if I find out new coins are entering the market.
This coin has basically been going down in a straight line for quite some time, dumping everyday. Do not panic sell; I will only sell it falls out of this wedge to the bottom.
Comment:
You're actually trying to hold the bottom of my wedge as support. Lets hope it holds!