The smallest scale shows even more absence of short term traders ( maybe even medium term ). Hence the price movements are noisy and meet frequent air pockets. Hence on the small scale..I see bull traps and Bear traps
Atm more a case of lack of supply
There is a gradual hardening of prices on the larger scales Price is Holding and there is an upward tendency ( from the low of .015 ) But only JUST and only in it's infancy ( WARNING INFANT MORTALITY CAN BE VERY HIGH )
There is the factor of LOW VOLUME making the water treacherous.
Normal selling is still in the main having to reach down to find buyers . The buyers still have NO urgency ( WHY ! )
If selling pressure suddenly increased ? What would happen ?
That larger Scale picture suggests to me. That Supply in that case would generate demand ( patient buyers would take that opportunity )
The noise on the small scale ( Air Pockets ) means I am not to concerned if price as it did dipps below .018. Supply is reaching and leading. Demand is responding and following/ Is playing the selling imo.
But until we see that impulsive move and a breakout above .023... Time has stopped and the water is treacherous.WHY ? Because that will change.
All balanced on a knifes edge.
Wifi , P1 ,, ANYTHING could drive this ONE WAY or the OTHER.
If this continues --> There is a gradual hardening of prices on the larger scales .Price is Holding and there is an upward tendency ( from the low of .015 ) But only JUST and only it it's infancy--> All will likely be well.. medium and short term interest will most likely return.
Until we hear the starters gun. TECHNICALLY it is only a HOLD
Every move up to .023 sees Volume( DEMAND ) dry UP. That needs to change
Motorway
GCN Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held