Because look at moving averages. I understand haejin is saying 300. But common. Look at one day chart and see how far it is from moving averages. I can not say this enough. I have seen it over and over and over. Every coin after a big run will always correct and consolidate around daily moving averages. Just watch bitcoin when it went to 20k almost. Look at neo moving averages. I believe this chart long term. I honestly don't see this going to 300 before consolidation and correction.
OK thank you. I am brand new to this having got some musicoin due to my music being played so am trying to learn. Thank you for explaining. I can't say I understand it all but I am trying! :-)
In the long term you are fine. But then again its crypto. We don't know how long a run lasts. But I think in short term we are going to top out. I saw the same with bitcoin on its run to 20k, now its back to moving averages. If you look at the one day chart that is more telling and enable the EMA averages. Yellow one is the one they will consolidate around for sure when they correct. Keep in mind when it makes a cup sort of shape it can make a good run, but then eventually it will correct.
Because look at moving averages. I understand haejin is saying 300. But common. Look at one day chart and see how far it is from moving averages. I can not say this enough. I have seen it over and over and over. Every coin after a big run will always correct and consolidate around daily moving averages. Just watch bitcoin when it went to 20k almost. Look at neo moving averages. I believe this chart long term. I honestly don't see this going to 300 before consolidation and correction.
OK thank you. I am brand new to this having got some musicoin due to my music being played so am trying to learn. Thank you for explaining. I can't say I understand it all but I am trying! :-)
In the long term you are fine. But then again its crypto. We don't know how long a run lasts. But I think in short term we are going to top out. I saw the same with bitcoin on its run to 20k, now its back to moving averages. If you look at the one day chart that is more telling and enable the EMA averages. Yellow one is the one they will consolidate around for sure when they correct. Keep in mind when it makes a cup sort of shape it can make a good run, but then eventually it will correct.
OK thank you. I am going to watch the video again and read what you are saying again to get it clear!! :-)
I think that too. We will see this baby landing somewhere there where is arrow. I wouldn't go to far call it low 0.1 or even 0.009xxxx