I still see no bearish sign about this chart.
The prices are hovering nicely into a tight range, the shorter average is holding the prices. The volume is nice and steady and any attempt to push the price down gets a recovery to the same levels.
Should there be a bear trap, it might go down to around 0.23USD where it should hold and recover strongly. On the upside, there will be tough around 0.36USD and 0.44USD so it might stay there for a while (or pass right through it).
Unless there is something terrible going on with the company or the overall market, the trend is still up.
The prices are hovering nicely into a tight range, the shorter average is holding the prices. The volume is nice and steady and any attempt to push the price down gets a recovery to the same levels.
Should there be a bear trap, it might go down to around 0.23USD where it should hold and recover strongly. On the upside, there will be tough around 0.36USD and 0.44USD so it might stay there for a while (or pass right through it).
Unless there is something terrible going on with the company or the overall market, the trend is still up.