After a local maximum, a local downtrend has formed. This trend has formed a downward wedge on the coin.
1) on the breakthrough of the line of resistance of the wedge .
2) on confirmation of support for a local minimum if the price reaches there. You also need to understand that if support is confirmed, lateral movement may occur that can form an...
It seems that populous is being accumulated here, which the volume spikes and bottom indicates it. Usually investors buy a coin at the bottom of a market cycle and accumulate the tokens before a major pump, I'm expecting an altcoin season to play out and populous to follow. A good coin with fundamentals :D
- Buy zone = 10,000 - 20,000 satoshi
- Sell zone =...