Just to update this chart from my earlier post with a few comments:
- Volume is still low, those selling here seem to be retail and as someone said earlier: "Shaking the tree" - StochRSI moved pretty quick from overbought to oversold. - Middle level showed no support, perhaps entailing the key interest might be the 0.015'ish level now. - The Red & Green squiggles is not a prediction, just my idea of a playout.
IMO, I see this as a decent area to top up with lower risk. I see a higher possibility for touching the 0.015 level and an accumulating range building between 0.016 - 0.019. Earnings reports seem to attract volume, only based on previous ones seen (The little squares with the letter 'E'). I dare say the next one will coincide with funding, being September 14th at this point. Until then, its all fun and games with wash trading, fundamentals still hold incredibly strong considering the macro climate still unfolding.
Hold strong on this one I say.
As always this is not financial advice but merely my observations of the chart and my opinion. DYOR!
GL
KP2 Price at posting:
1.7¢ Sentiment: None Disclosure: Held
