Arcblock (ABT)

** requested analysis **

On the above 2-day chart price action has corrected 50% since the sell signal in late January. Now is a good long moment. Why?

1) You know why.

2) Past resistance become support.

3) Support prints on the Fibonacci 0.786

4) Multiple oscillators print positive divergence with price action. On both USD and BTC pair.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: 2%, tiny market cap
Timeframe: Now
Return: No idea

İşlem elle kapatılmış:

2200% return in 10 months. Not bad. Very overbought. Total bubble!

Daily chart