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MACD indicator presentsing a Bearsih Movement, although the STOCH RSI on the 4HR as of now appears to be oversold. We may hit a lower level in regards to the Fibonnaci Levels and thus potenially bounce back.
The event is soon to be imminent, a breakout upwards or downwards could occur. Looks to be good as the day chart indicates an oversold STOCH RSI and is currently reversing.
On the 4hr chart a symmetrical triangle can be seen, an event is imminent. Either a downward or an upward movement could be the case. STOCH RSI for the day chart indicates it is oversold and could be reversing.
MACD Crossover can be seen, becoming bullish on the 4HR Chart. Stoch RSI indicates a reversal from being oversold previously. Good Fundamental's; Release of the Beta wallet has just been announced on Twitter by Safe ex. Order books on Bitrex are insane.
Just a thought. Head and shoulders pattern can be seen, although it is also part of the Elliot wave correction phase. We can be expecting the price to go lower; touching the main trend line. Although in terms of Fundamental analysis this does appear to be a good coin to hold on for a longer duration, POS coin and "The Chinese Ethereum". What do you think ?
Just a random view,
Please do not butcher me i am new to Technical analysis, but from what i can conclude i believe upon completion of the second bull flag; the price will rally up.
Any informative criticism would be appreciated.