I agree- saw and bought the bounce. Good project, good team, working product, good R:R
PowderedToastMan
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Thinking this is a good buy position or wait for the fork? At the current rate BTC isnt stopping its nonsense. Its scary out here with this monster pulling from all the alts.
nginx
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@PowderedToastMan, While this is a falling wedge which is usually a bullish signal, it still broke down below a month long formation of descending triangle. So expect heavy resistance at $6.67. Once that barrier is gone, the buy signals will be much stronger. Either way we can't confirm 100% trend reversal unless it breaks the overall descending pattern which will be characterised by a break above the SMA100 and resistance at $7.7.