@Audi8v
hey mate, I tend to focus on price action and structure - right now I am waiting for a confirmed decision from the market. We have a double bottom which is generally quite reliable but not enough for me.
I want that 50 day captured and then the other emas to be above it to suggest a bottom has been made. I am cautious because as I say often price likes to run to where the liquidity lies, and a double bottom is tantalizing to many traders (they put stops beneath them). Once there is a degree of confirmation I think it's time to look for an entry.
The relative closeness of the over arching trend line (bottom angled dotted line) is also close enough where a touch on it is not out of question.
I don't think terrifying lows are a concern for holders, but that's merely a thought.
Charts, page-4863
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$2.24 |
Change
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Mkt cap ! $422.8M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12771 | $2.24 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 12981 | 2 |
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