Great analysis.. do you believe we are the bottom of $200 ?
Hi Arsenal, I have been out for a while, but you are probably now aware that the coin has had a huge rally these past days after a huger drop.
So yeah, 200 was a hard bottom, it wen trough it but regained almost immediately.
I wouldn't say we are out of the woods yet as this could be another pump.
ON a Technical, the coin is now testing the Moving Averages, if it conquers we may see a nice support there.
Also, based on pure TA, the price action broke my falling wedge hard, going through 200 like nothing, and regained it hard too. On my first post I mentioned that these falling wedges brake down or up hard... and we just saw that a few days ago. Now, it would be interesting to see if the coin brakes the upper wedge line (green line) and if it brakes it hard, where would it takes us.
I still hold my coins now, and not really looking into trading but finding bottoms to pick up some. I was out for a few days and didn't buy any below 200, but I may buy some if the price action brakes my upper green line.
