it is very obvious that the asset is at distribution phase on its bearish trend, though many countries are accepting it as a legal tender but there are many more reasons that the coin is on its way to the lower levels of its past appreciation and we can have one more glimpse of this asset on its very undervalued levels before the...
There exist regular bullish divergence between MCAD and price which is the sign of trend reversal and most probably price appreciates to the 2 defined targets.
There are chances that the price touches the 61.8% of Fibonacci retirement level even and then continues its bearish cycle.
The overall script sentiment is bearish as the entire markets are falling yet...
This is an update of our past analysis which is linekd bellow.
There exist a double bottom candle pattern formation on the daily chart which is the sign of trend reversal and bullish trend start
The stock seems to be undervalued as it is very close to its pegged values.
It is a semi-government company which means, if...
The reason why you might find fundamental analysis interesting is that it offers help in determining the long-term trend. In other words, it suggests whether the price of an asset will go up or down in the long term. Because of that, fundamental analysis is crucial when you are deciding what to do with your long-term capital.