Significant Pressure
Still seeing significant pressure downward and reversing upward.
It would appear there is a force driving the price downward to buy in at a lower price later. A whale? A joined effort of a select few? Chance? Not sure I buy the latter.
Trend has been changed, but I don't think broken yet as no trend is perfect the way we analyze them.
Watch the trend, if it falls below the 0.35-0.37 range be ready for a lower floor. There is very strong support here however and I don't think it will breach, although it has tried a few times in the last 12 hours.
Also watch for a quick uptrend, followed by reversals. Too many are stressed right now and will start getting out early which will cause more resistance when moving upward.
I still think we are moving mostly sideways for the next few days, but will in the end trend upwards. The walls in both directions are strong however, and it will take time to break through either direction.
I am not your financial advisor, so please do your own research and DD.
It would appear there is a force driving the price downward to buy in at a lower price later. A whale? A joined effort of a select few? Chance? Not sure I buy the latter.
Trend has been changed, but I don't think broken yet as no trend is perfect the way we analyze them.
Watch the trend, if it falls below the 0.35-0.37 range be ready for a lower floor. There is very strong support here however and I don't think it will breach, although it has tried a few times in the last 12 hours.
Also watch for a quick uptrend, followed by reversals. Too many are stressed right now and will start getting out early which will cause more resistance when moving upward.
I still think we are moving mostly sideways for the next few days, but will in the end trend upwards. The walls in both directions are strong however, and it will take time to break through either direction.
I am not your financial advisor, so please do your own research and DD.
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