You speak about investors but have no idea about technical analysis?
I am an investor, not a technical analyst.
This is what many investors and/or day traders will base their buys/sells on.
Don't care for day traders. Investors should look at the work/technology, not just the numbers.
40k is a double top right now with a very long period of accumulation in between. The double top marks a resistance level.
A resistance level at an arbitrary number (perhaps in part set by whales). Could just as easily have been 80k+ (or less than 40k) IMO. Anyway… moving on…
We have been lucky so far as the price hasnt tanked yet.
Despite the REMARKABLE DEVELOPMENT of Shadow? For Real? C'mon man!
If we hit 40k again and do not break it (triple top), the price could very likely plummet to below this accumulation price.
Plummet? Thats a powerful word for a tech analyst.
my analysis: hyperbolic & highly speculative. Disregarded.
The obvious increase in community activity points to soaring rather than plummeting.
I think we both agree that a positive review will blow away the
"40k resistance"?The Zeuner Review IS coming…