The chart clearly shows that the currency has broken out of its historical downward channel, meaning the decline is over. The upcoming downward waves are merely corrective, aimed at adjusting the indicators from overbought conditions.
The currency is currently crossing its 50-day moving average with the 100-day moving average. This indicates that momentum is inevitable. A drop to 32 cents is possible now before the upward movement.
This is a very, very small currency—only 33 million coins.
We'll see it reach double digits soon.
The currency is currently crossing its 50-day moving average with the 100-day moving average. This indicates that momentum is inevitable. A drop to 32 cents is possible now before the upward movement.
This is a very, very small currency—only 33 million coins.
We'll see it reach double digits soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.