Appcoins --> Bottom or some more retracement before run up?
Appcoins
Little different view on this one, as I've been approaching it as a short/midterm swingtrade, but it could be getting somewhat longer than expected. Mainly because there's not that much of data for this one to analyze, I'd say.
We see 10 red days in a row and still no indication that it's breaking the main downtrend resistance line.
Although I've bought in fairly higher than this level, I don't want to sell anything. Calling a bottom is very very hard, so buying in a little higher with the potential upwar reward ratio is fine in my opinion.
What do I expect? Could be at the bottom now, could be retracing some more. If we reach the 1.618 fib level with around 4400-4500 sats, I'll be using my reserves to lower my avg. buy-in level.
Upside potential from there is seemingly 300-1000%.
Little different view on this one, as I've been approaching it as a short/midterm swingtrade, but it could be getting somewhat longer than expected. Mainly because there's not that much of data for this one to analyze, I'd say.
We see 10 red days in a row and still no indication that it's breaking the main downtrend resistance line.
Although I've bought in fairly higher than this level, I don't want to sell anything. Calling a bottom is very very hard, so buying in a little higher with the potential upwar reward ratio is fine in my opinion.
What do I expect? Could be at the bottom now, could be retracing some more. If we reach the 1.618 fib level with around 4400-4500 sats, I'll be using my reserves to lower my avg. buy-in level.
Upside potential from there is seemingly 300-1000%.
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