OPUL Bearish: Head and Shoulders Signal??
After a 550% bullish move from Opul, moving from 0.05 to 0.30 it looks like a head and shoulders signal is playing out. This may be a bearish signal that sends opul down another 50-80%.
I've placed my buy zone at 2 different levels to keep an eye on for potential investment points. First point is around the $0.11 to 0.085 area. The second point is around $0.055 to 0.045 area. Movement below these lower buy zones is considered very bearish.
Depending on macro conditions as well as the success of their MFT platform this could rise from the buy zones back to the recent high of $0.30.
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This is not financial analysis or advice. Please asses your risk tolerance before taking trades of any kind.
I've placed my buy zone at 2 different levels to keep an eye on for potential investment points. First point is around the $0.11 to 0.085 area. The second point is around $0.055 to 0.045 area. Movement below these lower buy zones is considered very bearish.
Depending on macro conditions as well as the success of their MFT platform this could rise from the buy zones back to the recent high of $0.30.
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This is not financial analysis or advice. Please asses your risk tolerance before taking trades of any kind.
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