I have taken 4 indicators into consideration to help us find confluence so that we can give ourselves a better idea of where this bottom could be and BUY THE DIP
1) FIB RETRACEMENT LEVELS- The 0.786 fib is sitting at $0.17
2) PREVIOUS ALL-TIME HIGH RETEST -The last all-time high daily close was at $0.17 15 July 2021 and we could be heading for a retest of this level.
3) 200DMA - The 200-day moving average is also sitting between the $0.17 and $0.18 area.
4) TD SEQUENTIAL. The TD sequential will hit a daily 9 bottom on the 3rd of November.
If all the above line up we could see a retest of the 200DMA, the 0.786FIB, and the previous all-time high on a daily TD 9. I would be looking for a bottom at these levels on the 2nd - 3rd of November :) Happy staking and good luck :)
1) FIB RETRACEMENT LEVELS- The 0.786 fib is sitting at $0.17
2) PREVIOUS ALL-TIME HIGH RETEST -The last all-time high daily close was at $0.17 15 July 2021 and we could be heading for a retest of this level.
3) 200DMA - The 200-day moving average is also sitting between the $0.17 and $0.18 area.
4) TD SEQUENTIAL. The TD sequential will hit a daily 9 bottom on the 3rd of November.
If all the above line up we could see a retest of the 200DMA, the 0.786FIB, and the previous all-time high on a daily TD 9. I would be looking for a bottom at these levels on the 2nd - 3rd of November :) Happy staking and good luck :)