The price broke above the 200 day moving average on the daily chart last August 17, 2016 and is currently at 923 satoshis. The current volume on Poloniex dropped to 69 BTC as sellers (the early buyers at 500 satoshis) were already exhausted.The target for selling before snapshot is 1,457 satoshis.
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The price drop below the lower trendline, which should signal a short. However, there's still an impending snapshot event which could still produce a rally. It might be a head-fake trade. Still in long position.