Devs just gave a very vague update on reddit, with nothing new on the horizon. They are pushing things forward and don't think chille is going to be seen for a very long time if it even makes it. Please let me know if you disagree, I would love to hear why. I don't see any long term benefits for this either because everyone would give up on lazy devs
I'm overall optimistic on SAFEX and only post this as a caution to myself.
On one hand, on daily and sub-daily time frame SAFEX seems to be bottoming, or at least getting ready for another bounce, as many fellow tradingview members have illustrated much better in their charts than I ever could (see link).
Also, I do think that SAFEX is a project with enormous...
Safex will Skyrocket very very soon. This downtrend was expected after that pump to 236 earlier today since there was a sell wall set there by a big player and people are just going with the flow for now.
This is the best time to buy because think about it....how low can it go now? It's at 196 sats now....when it skyrockets, you'll get several times more. 3x, 4x...
Done a bit of research on SAFEX and to be honest, I feel quite bullish on it. Constantly in accumulation (Hit a peak of 1 B // 1,000,000,000 Accumulation, currently sitting at just under 800 M // 800,000,000), constantly being bought out whenever it's on sale as well. Looking at the chaikin oscillator (Buys Vs Sells) we see that from the 17th of July to the 1st...
The buy volume seems to prime SAFEX for more upside once the retracement is over. Accumulating more at these levels wouldn't necessarily be the worst idea. Both short and long term. However, more down-side can't be ruled out. Always manage your risk and stay on the safe side.
