Okcash / BitcoinLong
OKCASH head and shoulders anti dandruff= moon?
Updated
OKCASH has been trading down vs BTC for a few days now. On t he one day chart we see it is extremely underbought. This slide could continue, however with a BTC correction after this speculative run OKCASH should bounce. We see a potential head and shoulders trend with this third bounce being the last shoulder. Note the unbroken trendline in blue that has been tested three times. This will be interesting. A bounce would most likely not be much of a breakout as an uptrend in trading would most likely be purely speculative as OKCASH has not announced that any major news is on the way. Note the MACD is close to reset at zero.
A dip below 3000 sats imo is a strong signal this downward trend will continue.
With a trend reversal upwards i expect the shoulder to inflect around 4200 sats.
A dip below 3000 sats imo is a strong signal this downward trend will continue.
With a trend reversal upwards i expect the shoulder to inflect around 4200 sats.
Note
Got in at 3200 sat!!! Looking good!!!
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