This is my first post on TV, just trying to figure out where the price will go next.
I'm a big fan of SunContract and have been following this project for a long time now. Since there is a lot of noise in the price for shorter time frames, I chose the weekly chart to do my analysis. In this chart we can see a bullish divergence forming, meaning there is a high chance of a trend reversal. Also Stoch indicator in the oversold area, signalling a good zone for long entry.
DISCLAIMER: I'm not a professional trader, so don't blame me if this doesn't work out as planned.
I'm a big fan of SunContract and have been following this project for a long time now. Since there is a lot of noise in the price for shorter time frames, I chose the weekly chart to do my analysis. In this chart we can see a bullish divergence forming, meaning there is a high chance of a trend reversal. Also Stoch indicator in the oversold area, signalling a good zone for long entry.
DISCLAIMER: I'm not a professional trader, so don't blame me if this doesn't work out as planned.