Topic: Technical Analysis update for Expanse, EXP (Read 298 times)
I have really lost interest in the technical chart, most of this moves are pump and dump by Whales, the Altcoins market most of the time do not follow this patterns except there is a news to jump start the move
Here is my technical analysis for Expanse, EXP:
As we zoom in to view the past month, we see a double bounce (double bottom) off of the historical support line; the second bounce spikes up and corrects to form a flag on the historical support line of ~30k.
Zooming out, we can see a long term trend which shows a larger flag formation along the same historical support of ~30k
This creates a scenario for a massive correction, and It is quite possible we see a surge in price recovery back to previous highs. But this is all speculative, and merely trying to correlate the price charts with all of the recent news and developments.
As we zoom in to view the past month, we see a double bounce (double bottom) off of the historical support line; the second bounce spikes up and corrects to form a flag on the historical support line of ~30k.
Zooming out, we can see a long term trend which shows a larger flag formation along the same historical support of ~30k
This creates a scenario for a massive correction, and It is quite possible we see a surge in price recovery back to previous highs. But this is all speculative, and merely trying to correlate the price charts with all of the recent news and developments.
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