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KORE - Hitting 2018 low as it hits key support

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KORE is on sale as it hit the lowest price it has seen since June 2017. In fact, the key support it finds itself on was once a multi-year resistance line. It is in a falling wedge and the volume and volatility are getting tighter and tighter. This usually means extreme volatility isn't far away, for which we will be looking for a breakout to the upside. Bullish divergence has been developing for the past month on the MACD as well. Whether this is a completion of the larger pattern or not remains to be seen, but one could make that argument. If so, we could be in for one hell of a ride!
Note
snapshot The latest Bitcoin collapse caused KORE to fall through its support levels and find support in a much larger falling wedge pattern. Unless KORE gets some buyer support,the price may stay within these levels until November when the pattern completes.
jpbrown1023
Chart PatternsTechnical IndicatorsKOREKOREBTCTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsKOREKOREBTCTrend Analysis
jpbrown1023

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.