Nice setup for a long position if you are patient.
Nice entry point for a LONG at position 'D'. This entry point may only work with support on the 50MA.
If the 50MA is broken, look for support at $1.88 and a solid reversal confirmation. If this happens there is a potential for Bears to create a real wall at the 50MA again.
BE CAREFUL!
THE ABOVE IS JUST MY OPINION.
Not a great deal of support on this.
I expect it to continue to drop in a normal Stock Life Cycle pattern until there is some significant news.
This is only my opinion.
Looks like this is going to carry on getting rejected on the 50MA for another move.
Watch for rejection at the 50MA then ride down to the $10,190 and potentially down to $9,500.
The above will be rejected if the 50MA is broken and then held.
(SEE 'B' FOR EXAMPLE OF NOT HOLDING THE BREAK)
The above is just my opinion.
Looks like this is going to carry on getting rejected on the 50MA for another move.
Watch for rejection at the 50MA then ride down to the $10,190 and potentially down to $9,500.
The above will be rejected if the 50MA is broken and then held.
(SEE 'B' FOR EXAMPLE OF NOT HOLDING THE BREAK)
The above is just my opinion.
Looks like this is going to carry on getting rejected on the 50MA for another move.
Watch for rejection at the 50MA then ride down to the $10,190 and potentially down to $9,500.
The above will be rejected if the 50MA is broken and then held.
(SEE 'B' FOR EXAMPLE OF NOT HOLDING THE BREAK)
The above is just my opinion.
Likely to crab it way a little until the 31st I imagine.
News on massive plunge from BTC could drive this below the green line at the open from FOMO sellers.
Hopefully common sense will prevail on this one as company is up to great things in the background.
Looks like this is teeing itself up for a reversal.
Watch for some price 'crabbing' to the right towards the 31st when the company update is on SuperCrypto.
IF..... IF this holds on the green line, this might go into a big surge upon good SuperCrypto news and bulls will be back in the driving seat.
If not, expect a slow decline all the way back to the $1.20...
This had a major reset over night because of bad news on bitcoin. This is recovering AM though on the 16th.
I expect this to recover with the help of some good news + Bitcoin recovery.
By the 19th I expect this to return to $2.89.
Good chance to get in at the next pull back before a big push up to $1.10.
Looking to see a pullback, then push to $1.10. Then, a side step before pushing through to the higher resistance.
Money to be made on this one.
Above based purely on chart analysis
Clear barrier at $0.73. Next week, watch for support or break of this line.
BREAK - Bears now back in control and likely to fall below $0.70 to a new low for the past 7 days and then establish a new support.
SUPPORT - if Bulls can keep above the $0.70 into Tuesday then price will likely move onto the next stepping stone...
