Chart readers, page-2

My read on recent events.

First of all the overall context is a bull trend. Prior to the battery day a solid bull trend was in play == buyers super keen BNPL Tesla style.

23 Sep: Mass profit taking, shorting, panic selling. All things carnage.

24 Sep: Further selling, but with much less range, large volume, with a partial bullish close. Indicates big selling but with some early bulls also entering, holding up price into the close.

25 Sep: Inside day, large volume. Selling continuing but with bulls entering.

28 Sep: Very significant day. Price broke the range of prior two days. Large volume. Weak bulls would have been panicking here. Selling continuing, but overall a bullish close. This indicates those stopped or panicked out have been flushed out. Shorts covering.

29 Sep: Inside day, moderately large volume. Selling subsiding, bulls entering (up day).

30 Sep: Very significant day, because volume has returned to normal, even less than normal, showing the carnage is over (for now). Inside day.

Until now volume has been low and price contained in a range. Bullish if it breaks above 1.08. Shorts will panic. Bearish if it breaks below 96. If it breaks below 96, then comes back, that's the time to go long.

Valid bull entry now, albeit still early. The industry sentiment context is bullish. Big edge to the bulls. Bottom line is that a lot of early bulls have entered by now. Oversold.