What do you think of this?
We absolutely need to consider the present level of support at 0.011 in market, as well as the support at 0.01 due to accumulation from participation in the CR. Also notice the accumulation in the bottom. This of course doesn't include the accumulation going on within the CR, which is a massive reason why it flattened after the CR announcement . What do you think will happen to the accumulation once the CR is finished?
I should also note that I expect a support level to build at 0.012 over the rest of the week, but this is speculative, which is why I left it out of the chart.
I would expect both support and resistance levels to shift upwards towards the end of and immediately following the CR with support closer to 0.012-0.013 and resistance at 0.015-0.016
Again all IMO, DYOR, and just my perspective.
I must also say that technical analysis on a smaller scale of time (say during the CR) is perhaps not that telling, as accumulation is going on off-market, reasons for selling are perhaps for the reason of more accumulation at the CR price, so a lot is missing from the chart.
Technical analysis (TA) will be very interesting heading into the last few days of the CR and the first few weeks/months following its end. I am very new to it but enjoying the journey. I think fundamentals are more important, but TA is fun and can help with entry points for averaging down/up along the way, or exit points for those who don't want to take a long position
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Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $29 | 160 |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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9 | 185351 | 0.170 |
2 | 11500 | 0.165 |
2 | 90000 | 0.160 |
Price($) | Vol. | No. |
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0.185 | 10000 | 1 |
0.190 | 44358 | 1 |
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