I don't love the idea of making grandiose predictions; I prefer to see everything in ranges of probability.
That being said, the few simple tools I have added to this chart seem to have rather negative implications.
There may be other price levels that are noteworthy, but I see the psychological levels of $10 and $3 having importance here.
$6.50 as a previous ATL.
$2 Psychological Support Level currently bearing the brunt of the weight.
The wick of the current candle falls below to the current ATL of $1.76.
I have marked a vague price channel towards the end.
End result is a possible price channel to $0.
To me, this doesn't look great.
Take everything anyone says with a grain of salt.
DYOR/DYOC.
Commentary welcome; I don't mind being wrong, especially in this case.
That being said, the few simple tools I have added to this chart seem to have rather negative implications.
There may be other price levels that are noteworthy, but I see the psychological levels of $10 and $3 having importance here.
$6.50 as a previous ATL.
$2 Psychological Support Level currently bearing the brunt of the weight.
The wick of the current candle falls below to the current ATL of $1.76.
I have marked a vague price channel towards the end.
End result is a possible price channel to $0.
To me, this doesn't look great.
Take everything anyone says with a grain of salt.
DYOR/DYOC.
Commentary welcome; I don't mind being wrong, especially in this case.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.