First of all, this is an educational chart. I am trying to understand how technical analysis work. I outlined two scenarios:
1. Spreadcoin will hold support and accumulate (building momentum) before a new run. 2. Spreadcoin wont hold support and remains in downtrend. next support line: 1.414 fib line, around 2500sats
If you have any feedback or remarks, feel free to leave a comment.
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UPDATE
scenario 1 is invalid. Spreadcoin broke support downwards, now heading for 1.414 fib line, scenario 2 is more likely