TELCOIN fakeout likely short livedNYSE:TEL After the CRYPTOCAP:BTC Dip.
It is still well and truly within the flag continuation pattern.
The only thing bearish about this chart is that
1. Went below the Higher Low, creating a new lower low.
2. The price has dropped below the 50-Day moving average.
The last time it did that it was a fakeout and pumped 500% 13 days later.
I am not worried... Losing the $0.0045 level with strong volume would not be ideal.
It's very difficult to be a MACRO BEAR in crypto right now. I don't think this fakeout will last long.
I'm confidently LONG.