Great post, although a little pessimistic. Historically, the last couple of times DCC was oversold on the 4H, a tight daily range or doji marked the bottom and was followed by a recovery which managed to touch the upper bolinger band (which in this case would be the high teens), At which point i feel the odds of bullish/bearish follow through are about equal.
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Im banking on the exact same thing playing out this time, if we close at 14c it will mark a nice bullish doji for the oversold conditions. And although we are missing the volume climax which often confirms the bottom I still feel we are due for a bounce. BTC is also oversold and is currently bouncing from oversold conditions, if the BTC bounce can recover above $8000 and hold it by monday (and/or DCC make some positive announcemnets) I think we will see a nice recovery to the high teens, maybe 18c.
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4.2¢ |
Change
0.001(2.44%) |
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Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.1¢ | $25.29K | 616.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 207064 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224683 | 0.041 |
9 | 738007 | 0.040 |
7 | 452564 | 0.039 |
10 | 704819 | 0.038 |
7 | 207000 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 207064 | 1 |
0.043 | 327997 | 4 |
0.044 | 297709 | 5 |
0.045 | 522200 | 2 |
0.046 | 462000 | 3 |
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