Broke out the golden trend line and retested the resistance at convergence of fib 0.5 level and has painted a confirmed reversal candle as the next move builds. Early formation is similar to the previous small set of waves before the large thrust upward. Get on board before take off!
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Support at 405 satoshis has held.
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Price action is still showing in an uptrend.
Price is just above support.
Unable to predict when the price will increase, but these prices seem attractive. Keep an eye on the support at 405 and place your stops accordingly.
Price is just above support.
Unable to predict when the price will increase, but these prices seem attractive. Keep an eye on the support at 405 and place your stops accordingly.
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Stoploss at 300. Up trend would be invalidated here.
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Price falling to 350. Hold on, do not sell the bottom. Still in an uptrend on the 6 hour time frame and above.
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300 just about holding so far - dropped to 301 on Binance. I expect this coin will be a "successful" project long term (for a limited time). It may require patience to see it in the short term in order to hit the targets I had identified.
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The action is not showing any evidence that it is in a downtrend yet.
Worth watching, since if price turns around here at 415 sats, an inverse Head and Shoulder bullish pattern will be an encouraging signpost to another surge up towards higher prices.