the 2018 bear market lasted for 365 days. this current bear market bottom has too lasted exactly the same amount of days 365 days that is. this surely cannot be a coincidence. if this is the bottom this whole markets is 100% rigged by the almighty powerful elite of wall st. ...
price retesting this strong trendline after rebounding over 200% since it bottom out. would take an awful lot of buying pressure to propel it over. looks to me as it could see another leg lower to around $0.60. but anything and everything is possible. i know nuthin.
price is reaching an area of selling pressure. if bears can regain control of this crucial area we can see another leg down. price has reached the golden pocket of 71.2 fib. fundamentals are also supportive as NFP drops this week an numbers are expected to be the worse in decades. no reason to rally in this economic crisis