Everything is noted. I have high expectations for this token however, it appears to have tried really hard to maintain the uptrend and now is breaking down. Looking for a reversal continuation at key supports turning resistance.
If the daily closes below uptrend it will signal a reversal to me. Yesterday there was a last minute push above the trendline for the daily close to stay on track but not very strong. Today if it closes below this trendline which is expected I would expect it to continue down to test the very strong support region of 355k, 345k and even 325k.
I don't want to this to be the case but its a possibility.
Should recover to ATH by the end of the month but in the short term its important to monitor for full trend reversal.
If the daily closes below uptrend it will signal a reversal to me. Yesterday there was a last minute push above the trendline for the daily close to stay on track but not very strong. Today if it closes below this trendline which is expected I would expect it to continue down to test the very strong support region of 355k, 345k and even 325k.
I don't want to this to be the case but its a possibility.
Should recover to ATH by the end of the month but in the short term its important to monitor for full trend reversal.