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Longterm MAID setup

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On weekly chart, price is reaching the bottom of a long term falling wedge while also reaching all-time lows. Daily RSI is oversold and looks ready to being breaking out of another smaller falling wedge. Possible double bottom forming. Buyers are now appearing on any dips near low 30s handles. Upon confirmation of breakout, easy 2-3x for long term holders. Possible bullish divergence on daily MACD could indicate the beginnings of a reversal. Planning on throwing profits from other trades into this coin while waiting for the moonshot.

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price testing resistance line

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potential inverse head and shoulders formed at the bottom of this last dip

註釋

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small long position, watching, still waiting for higher weekly close for larger confirmation. dump below 3000 was quickly bought up, and/or was an attempt to shake out final weak hands.

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still watching

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new swing high

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possible inverse adam and eve

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1W RSI looking good to break through possible resistance. looking further ahead, confirmation of inverse adam and eve double bottom and breakout through ~8000 sats would set a target of 12,000-13,000 sats.