There is almost complete symmetry on my trendlines on the 1hr view. Bearish fractal has formed. Price has dropped below the 50MA. RSI and today's trend line signal a reversal to a bear market.
Komen
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Trend is reversing to bearish. Most likely due to the news that Power Ledger has made it into the final 3 companies in Sir Richard Branson's XTC competition. The other 2 finalists are weak compared to the world-changing possibilities of Power Ledger. I predict POWR to win this competition.
I think that it will go up in the next 12h...no reason for it to go far lower than this just becouse of CMC. It is just my opinion but still.
SoCr
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@ravnikarluka, I was right =) it dropped to 9595. Thanks for commenting it is good to get feedback.
Pheriannath
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Couldnt be more wrong! hehehe. Thanks for sharing though!
SoCr
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@Pheriannath, I was right =) it dropped to 9595. Thanks for commenting it is good to get feedback.
Pheriannath
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@SoCr, Nice! I remember looking at your chart just after the breakout just HAD to comment. But yes, even though the fluctuations were larger, you nailed it !