📉 Trend Overview
Major Downtrend continues — price has collapsed from above $0.05 to current levels around $0.00047, a >99% drop.
📈 WaveTrend Oscillator (WT_CROSS)
WT oscillator is deep in the oversold region (below -40), which often indicates exhaustion in the downtrend.
- Green dot printed on the oscillator = possible bullish crossover signal.
- However, signal lacks volume confirmation, and previous green dots in this downtrend have only led to small upticks.
⚠️ Key Levels
- Support Zone (Low): Around $0.000451 (marked on chart).
- First Resistance: Around $0.0007–$0.0010 (previous consolidation area).
- Breakout Zone: Above $0.0014, which would indicate a possible structural reversal.
✅ Bullish Signs
Oversold oscillator + sideways consolidation = potential base building.
Price hasn’t broken further down since June 16 low, which could hint at short-term exhaustion by sellers.
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Disclosures:
This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
Major Downtrend continues — price has collapsed from above $0.05 to current levels around $0.00047, a >99% drop.
📈 WaveTrend Oscillator (WT_CROSS)
WT oscillator is deep in the oversold region (below -40), which often indicates exhaustion in the downtrend.
- Green dot printed on the oscillator = possible bullish crossover signal.
- However, signal lacks volume confirmation, and previous green dots in this downtrend have only led to small upticks.
⚠️ Key Levels
- Support Zone (Low): Around $0.000451 (marked on chart).
- First Resistance: Around $0.0007–$0.0010 (previous consolidation area).
- Breakout Zone: Above $0.0014, which would indicate a possible structural reversal.
✅ Bullish Signs
Oversold oscillator + sideways consolidation = potential base building.
Price hasn’t broken further down since June 16 low, which could hint at short-term exhaustion by sellers.
--
Disclosures:
This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
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.