Price is currently sitting on pre-pump .
Price action formed a , which tends to be formation.
expanding significantly, somebody is definitely interested in this coin. It also can be just momentum players manipulation.
Technical indicators on 4H chart triggered . and are totally oversold.
We can also observe that candles on 4H chart with expending .
Analysing dollar chart:
1D is fully oversold.
20 day and 50 were acting as support previously. Right now, price is sitting on 100 dsma . and we can see 20dma and 50dma are crossing.
25$ also looks like psychological support.
Price action on 1H chart looks like a . I only will buy break out from upper on increased .
My targets will depend on fib ext. levels, price action itself and 10, 20 and 50 dma.
Stop loss below the lowest low of the previous daily candle.
This tool also can help. http://stockbee.biz/position-size-calculator/
If Daily TD Sequential does not lie, today can be big reversal day.
CMF shows bullish divergence. Though selling and buying volume is almost at equilibrium.