Apologies in advance for offending anyone with any "negative sentiment"
You don't need to convince me about blockchain technology and the future of fiat currency blah blah blah. I get it. I'm on board.
I normally assign a probability for direction and there's usually one direction with a higher probability than the other, however, I'm on the fence right now. IMO it's 50% either way. I would like to encourage unbiased discussion for assigning a direction probability based on the technicals as I believe this stock is heavily traded and these technicals work well.
Below is my rationale:
-16c is near-term natural support
-18.5c is near-term natural resistance
-Selling climax was obvious but did create a gap indicating volatility and not agreement at 16c
-Selling climax was just below a healthy retracement (confluence of two 50% and 61.8% retracement levels) however, it did not stay at this level for long.
-Trading above 30c could indicate a continuation of the uptrend (50% level of the falling price retracement)
There was RSI bearish divergence at the high, a good indicator of the reversal
Are we setting up for a head and shoulders pattern?
Strong arguments for both sides.
Chart, page-85
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Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $30.32M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.4¢ | $113.5K | 3.216M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 153045 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 84039 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10188 | 0.035 |
3 | 471577 | 0.034 |
10 | 179494 | 0.033 |
8 | 492406 | 0.032 |
4 | 75000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 40000 | 1 |
0.039 | 306435 | 2 |
0.041 | 372448 | 4 |
0.042 | 238119 | 1 |
0.043 | 203571 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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