Good attempt. I've found the 4DS chart to be next to impossible to predict with any level of accuracy - even in terms of trying to put the odds in your favour, it has a knack for punching you quickly in the throat.
If I had to have a go, i'd first look at the weekly timeframe over the last 1 year (below):
- Supply & demand contraction is occuring (blue arrows) - so we have a narrowing trading range.
- The guppy/mulitiple moving average indicators are getting tighter and tigher. Seems to find a consistant resistive top at about 0.10; and a proven bottom at 0.067, which has been tested twice in the last 12 months, and quickly bounced.
- Pattern is repetitive , albiet mid-Sept 2024, It did appear that there might have been change of trend to the upside - I'd like to see it stay above 0.075, else it can easily breakdown into 0.067 again (for a triple bottom).
- Depending upon how this week (thurs/friday) trades - I suspect we might be repeating the pattern in the 'green boxes'. (Trade halt Monday perhaps, then resume trading wednesday - albiet complete speculation).
To then look at the much bigger picture (since 2020) - on a weekly timescale:
- Again we see much bigger range contraction.
- Quite a signficant downtrend ....albiet we know the characteristics of this stock is very binary, it's either a monster (up or down); or it does nothing.
- Looking at the squeezing guppy indicators (blue & red lines) - what has been happening for the last 3 months , looks very similar to October 2020. (green boxes.
- Given price action - nobody appears to have the inside line; we are all mushrooms in the dark. Technically appears to be trying to find 'ground zero' (which i'd say is circa 0.075-0.080.
- Note the on-balance volume (obv) - this is still rising on longer timeframes, which is a good sign (for what it's worth).Anyway - good fortune to all - buy/sell/hold. You almost out of time I suspect.
(20min delay)