Here is a quick one. Honestly looking for a higher low here. Trending down. We could be seeing accumulation phase taking place, but for that to be proven right, we need to first see a higher low form.
The RSI resistance needs to be broken as well. First lets put in a higher low.
The bearish fib extension is holding some support at the 127% level, but if it fails here, we will most likely go to 161% extension. If the bottom is in and we see a trend reversal, the bullish fib levels are also provided. Even the 127% extension would be enough to change to a higher high higher low trajectory.
Overall bearish chart, but a great staking coin if you are looking for a high APY from a good project. APY at 88% with an airdrop soon.
Happy Trading!
The RSI resistance needs to be broken as well. First lets put in a higher low.
The bearish fib extension is holding some support at the 127% level, but if it fails here, we will most likely go to 161% extension. If the bottom is in and we see a trend reversal, the bullish fib levels are also provided. Even the 127% extension would be enough to change to a higher high higher low trajectory.
Overall bearish chart, but a great staking coin if you are looking for a high APY from a good project. APY at 88% with an airdrop soon.
Happy Trading!
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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.