Mantra token (OM) to $4 on return to market structure

23 Mei

40 days ago on April 13th price action corrected 95% (if this is not enough convince you the Crypto tokens are a Ponzi scheme I don’t know what is), a number of reasons now exist for traders to open a long position into the remaining sell orders of the once project faithful. The reasons?

1. Price action and RSI resistance breakouts.
2. Trend reversal, price action prints a higher low.
3. A rally followed on the same bullish divergence configuration that printed throughout the history of this token. That positive divergence has printed once more.
4. The forecast is formed on the idea price action returns to market structure before continuing the downtrend. Was about to say nothing goes down in a straight line ;-)

Is it possible price action continue to correct? Sure.
Is it probable? No.

Ww

24 Mei

Dagangan aktif

Sellers flush themselves out of the market as price action confirms support on past resistance.

30 Mei

Dagangan ditutup: hentian tercapai

Somehow after a 90% correction seller dug deep for another break of support. Impressive.