With strong support seemingly found around 3p mark... great sponsor announced, #bitstamp... we will now see this climb back up towards 8p+. Will need a steady stream of positive sponsor and content news to ensure this steady growth to where it belongs... stay strong, hold onto this stock, it will fly when ready.
As seen in the graphic following the news of the termination of three-year sponsorship deal with a European fintech company on the 22nd Oct the price plummeted down breaking the essential support at 5.00, It started a descending channel down to 3.75.
My Idea is that there could be a possible double bottom with a reversal pattern as indicated by the drawings....
Highly confident this will be trading at 10p+ by the end of the year, once they secure some big sponsors... already backed by David Beckham!
Short term - pop to IPO price, long term - will be 10p+
You choose what you want to do... I'm in it for the long term
