Hey all, apologies if it seems I am spamming. There is a potential (not definite) reversal happening so I wanted to post another chart.
What I wanted to point out that I didn't mention in my previous chart is the fibonacci band.
I understand there are traders out there who don't trust the fib band. Personally it's been a trusty signal for me so far.
I believe it applies to the current SOR movement too.
After hovering around the 50% (0.54) line, it got overwhelmed by sellers and dropped below towards the 38.2%(0.45) line.
Where it tapped it, and had a green day. today wasn't bad either.
Plus, the candlestick of 09 Feb is clearly a hammer. Reinforced by the strong green day following.
(For those that don't know what a hammer candlestick is, simply it means the sellers tried to push the price down but the buyers absorbed it and pushed it back up. usually a supporting (not to be used by itself) indication for a reversal. Especially if its followed by a greenday.)
I am not hyping, as I don't believe anyone who invests based on a thread post should be investing.
Just posting what I observed and wanted to share.
Please DYOR and GLTAH
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Last
4.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.62M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.4¢ | $10.15K | 227.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38602 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38602 | 0.044 |
3 | 245813 | 0.043 |
4 | 394473 | 0.042 |
2 | 174500 | 0.041 |
10 | 583050 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 10000 | 1 |
0.046 | 11428 | 2 |
0.047 | 28884 | 2 |
0.048 | 200000 | 1 |
0.050 | 3333 | 1 |
Last trade - 10.58am 21/08/2024 (20 minute delay) ? |
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