First of all, this is an educational chart. I am trying to understand how technical analysis work.
I outlined two scenarios:
1. Spreadcoin will hold support and accumulate (building momentum) before a new run.
2. Spreadcoin wont hold support and remains in downtrend. next support line: 1.414 fib line, around 2500sats
If you have any feedback or remarks, feel free to leave a comment.
I outlined two scenarios:
1. Spreadcoin will hold support and accumulate (building momentum) before a new run.
2. Spreadcoin wont hold support and remains in downtrend. next support line: 1.414 fib line, around 2500sats
If you have any feedback or remarks, feel free to leave a comment.
Comment:
SPR broke out downtrend, accumulation time!
scenario 1 is invalid. Spreadcoin broke support downwards, now heading for 1.414 fib line, scenario 2 is more likely