No effect. As in, it won't keep the price from dropping.
Why are you expecting price to drop?
I expected this to be pretty significant news from a speculative viewpoint, my immediate reaction was that this would definitely be good for the price. But nobody seems to be discussing it? I was hoping for some insight from you knowledgeable folk on the speculation board!
I'm not knowledgeable.
It's not particularly significant news, and I think this was to some extent already expected.
I think we have seen a significant loss in upward momentum and are due for reversal to sub-100 support levels.
Where is this loss of momentum? We've been nothing but up for 2 months. And just jumped up 10$ in value but day and a half ago. The momentum is gaining as far as I can (and others) see.
Looking at the daily chart, this rise from 65 is a bearish wedge on dropping volume. Looking at resistances,
a shift into negative momentum makes sense. Waiting for the triple top on hourly to confirm. But I don't think we see 130, nor do I think we can break 125 on any volume. Certainly, the last thing I see is that momentum is gaining. (Shrug) See you on the order book.
