EBON possible triple bottom

27. Apr. 2021

This stock was at all time highs when negative reports came out. This is just a chart analysis the stock could continue to go down if the company is flawed and or they do not have significant revenues over time. However from a strict chart standpoint this setup looks like it could bounce from a triple bottom scenario. RSI and Stoch are very low and it looks like consolidation is happening. Any positive report based on this chart setup would cause a bounce upward. Might be a great time to enter and start accumulating the stock. Risk reward... bad news often does not last and there is a chance this company could come back with positive reports especially if Bitcoin continues to reach new highs.