Note - Before people get emotional in the comments, I hope I'm wrong, but I'm just relaying what the charts are saying. Don't shoot the messenger :)
I saw a lot of posts since mid August where people are hopeful this will go up and each and every single post was proven wrong. Look at the charts and stop the baseless hoping. This will probably crash and burn until mid October. The MACD , Stoch , Monthly chart, and history all point to this. Scroll all the way to July and you'll see where the MACD and Stoch have to be for a parabolic run (Between TP4 - TP5). Also each cycle there can only be 10 turning points. This cycle already hit 8, so a big downtrend is at the horizon. There isn't enough momentum for the parabolic run everyone is talking about and hoping for. Just hold on and go invest in something else to keep you busy. Patients is key. If you bought at the top, stop complaining and trolling every single post and just go do something with your life until mid October.
I saw a lot of posts since mid August where people are hopeful this will go up and each and every single post was proven wrong. Look at the charts and stop the baseless hoping. This will probably crash and burn until mid October. The MACD , Stoch , Monthly chart, and history all point to this. Scroll all the way to July and you'll see where the MACD and Stoch have to be for a parabolic run (Between TP4 - TP5). Also each cycle there can only be 10 turning points. This cycle already hit 8, so a big downtrend is at the horizon. There isn't enough momentum for the parabolic run everyone is talking about and hoping for. Just hold on and go invest in something else to keep you busy. Patients is key. If you bought at the top, stop complaining and trolling every single post and just go do something with your life until mid October.
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If you want to make a quick trade, then buy now but sell before the MACD starts going down.
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^Not financial advice :)
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UPDATE: So the MACD didn't cross and didn't form T9. Looks like whoever is manipulating this coin is trying to get the MACD and the Stoch to the levels it needs to be for a parabolic run. This is bad news if you were trying to get some quick profit but good news if you are in this long term. Perhaps the parabolic run will happen sooner then I initially said in this post. Or perhaps not. Not financial advice...
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UPDATE 2: MACD crossed. This will go up for a bit and then most likely come down again. Quick trades for quick profits. ***NOT FINANCIAL ADVICE***
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What did I tell y'all? Hope everyone made a quick profit
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UPDATE: Stoch close to being overbought.
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UPDATE & Correction: Seems like we just hit TP7. That means this may switch to an uptrend faster then I mentioned initially (mid-October). This may go down for some more time and then if the next high is higher then the current high, we are probably in an uptrend. Cheers and happy trading! ***NOT FINANCIAL ADVICE***