From my studies so far, I would say that the base on QTUM at 42 is disqualified since the immediate bounce was weak (only 5%). If anything, that base would be at 45, where we saw a 15% surge, and where we did later see a bounce after the crack.
The QTUM base at 32 looks good (and the price action confirmed it).
The 15 base for POLY was good, but I think was already cracked on the 20th, so the new base like you point out is just over 13. But then the circle you have isn't a safe circle since it doesn't correspond to the lowest recent base.
Feel free to correct me if I am wrong Luc!
Wow such a quick response, thank you danny! Appreciate your insights, really looking forward to being apart of this community & learning together!
I would only add that it may help to scroll out and look at a bigger chart. This coin does make some big bounces, it does show great participation, but I agree that there are better bases on this chart then calling .042 a base...
Thanks for the reply Luc!
Just to clarify,would it be correct to say that if a recent base has a much smaller bounce and lower volume than previous ones, I should only really nibble? And wait for a bigger bounce to go for some size?
For example, here the most recent base has a lot less volume and bounce.
Thanks again!!!