There is some support at the 23.5c level. If it breaks below this, the daily 50 period EMA is at 21.5c. The price has been bouncing off this since March. Even if it breaks below this there is strong support at the 20c level. Daily volume is very low, so wouldn't anticipate anything dropping below these levels. This can be seen as an opportunity to load up again if it looks to recover from this pullback.
It's pretty naive to not 'believe' in charts. A lot can be interpreted from price action of a single candle and volume. It's like someone who only looks at technical analysis saying they don't believe the news affects the price trend (I've had someone say this to me after I asked about XRP and the impending court decision, then up it shot 70% overnight).
A lot can be said about taking emotions out of trading and investing by looking at what a chart is doing. So easy to read the comments in these forums and get carried away on the hype.
All just my own thoughts obviously.
There is some support at the 23.5c level. If it breaks below...
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18.0¢ |
Change
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Mkt cap ! $358.2M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 12 | 350242 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 554950 | 2 |
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