Truebit is about to take off
Disclaimer,
I am not a financial adviser. Material presented in this analysis is intended for educational purposes only.
From what i see in this chart truebit protocol is ready to form another leg up.
After its run up of 300% from 0.07$ to 0.21$ it had a 60% retrace and experienced contraction of volatility.
Previous buy signal fired off on march 12 followed by the subsequent signal last night.
Price action has been stagnant while all indicators pointing upward.
There is a strong overhead resistance in the vicinity of 0.20$
Invalidated if price beaks below 0.10$ mark.
Please share your thoughts on this short analysis.
Have a great day and happy trades!
I am not a financial adviser. Material presented in this analysis is intended for educational purposes only.
From what i see in this chart truebit protocol is ready to form another leg up.
After its run up of 300% from 0.07$ to 0.21$ it had a 60% retrace and experienced contraction of volatility.
Previous buy signal fired off on march 12 followed by the subsequent signal last night.
Price action has been stagnant while all indicators pointing upward.
There is a strong overhead resistance in the vicinity of 0.20$
Invalidated if price beaks below 0.10$ mark.
Please share your thoughts on this short analysis.
Have a great day and happy trades!
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