Watching a video from Trader XO right now (if you don't watch his youtube content, I would highly recommend it). His point, along with another great trader, is that MA's help us identify macro structure points (bear/bull) market reversal's. Bone is clearly in a consolidation phase right now after a huge spike up. Several others see alt's against BTC outperforming, perhaps due to ETH merge.
With Shibarium and Exchange listings coming, I don't see a Bone retrace below 1.50. Potentially, but that would be the cut area on a trade.
If we take the height of the flag pole from the impulse move upwards, trough to peak it was a 227% move. If that happens again, Bone would be at $7.75 from the height of the move.
just some observations.
Congratulations @anditsgone! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 3000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!