This coin appears to have shit fundamentals (check it's website), however the TA looks pretty fucking sweet, imo.
Note the long blue trend line going back to June/July, which if it breaks above, could get very implusive, as you can see from prior such moves. If a daily candle opens above this line that may well be a very bullish indicator.
While its possible...
Chart shows a 12-hour time-frame in simple line format. Possibly a head and shoulders top that has broken the neckline, and come back up again to retest it (red line), and now begun moving down again. If it were to reverse again and break above that line, it could signal a buying opportunity, but otherwise, I see this chart pattern as bearish.
The MACD on this...
