I see M formations

Not financial advice, alway DYOR
Do you see the same that I do?, a lot of people is very bullish with this nice project. However, it's too overextended, overbought, and needs a healthy retrace, It needs to revisit EMA 200 on the 1 hr., then it will be ready for more pump.

İşlem kapandı: hedefe ulaştı:

The first target of .23 was hit today, we have to wait and see, it may hold and pump back, but it could actually break down to test that 200 EMA in the 1hr, I would say, around .208

Yorum:

Well, targets two and three were hit in a few frenzy hours, I hope nobody bought at the highs, and nobody longed during this dumping day.
It will take time to recover, it is time for us to find new patterns, take a close look at the 800 EMA in the 1hr.