multi year down trend channel.

24 Apr 2020

we can see here clearly we been in a down trend channel since mid 2018 and all attempts to break out have been rejected. we need to break out of that channel and start a new uptrend in order to go long on this coin. you can do day trades or swing trades in between but if you are a long term holder this idea might be helpfull. there is a chance we can even retest lows or even go lower do to the fact that the health for the overall economy is in bad shape do to the effect of the virus. the GDP of every contry in the world is expected to drop this and next quarter and possibly create a great recession worldwide. im am aware that this coin has real world uses and i am ready to go long this coin once we break out of this channel and i hope it happens soon. i wish every one good luck.