Looks like a very small cup and handle is forming from the rapid price rise on news we had yesterday.
The support line is not as clear, but this is probably because of the massive volume that we saw.
The market is probably testing the price and if we break past 0.0156 we should be in the clear for a good increase.
As soon as the volume comes back up we should see...
Just zooming in here for a 1hour candle view to acompany my previous 4H chart.
We can see the pressure is on for a break out in a direction. Mixed feelings on direction from just this chart but I would lean on Long due to my other chart.
However we should wait for a volume spike to show the direction. Remeber wait for the candle to close.
Ripple build the next cup. We dont know if we hit the 41k correctly.
Plz sell the half at 23-24k and reentry your money in the first panic sell wave.
-After the rise we will fall down to the 78,6 retracement of the complete rise. This takes 10-12 Days to minimum. Here we can go short.
I update the idea every day if anything will happened.
ESS (Early Stage Surge) is a phenomenon found within mass interest in an early investment stage. Low level accumulation occurs over a period of time, with large movements of wealth distribution before enter a parabolic stage from mainstream interest.
If the bank investment is real scale then price accumulation could push the valuation above 0.001, only if the...