technical analysis RMHB 22-11-2019 https://www.
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Posted On: 11/22/2019 2:10:36 AM
technical analysis RMHB 22-11-2019
https://www.tradingview.com/x/qh4OrS9S/
so we now know (from the last financial) that there is downward pressure caused by financing and dillution (this is normal, until we can count on a constant revenue stream)
but how long will the price be pinned down and how low could the share price go? that is obviously impossible to predict. technical analysis seems to show two possible short term trend:
a first one lasting about +-28 days in the future and pretty much holding the price in a tight range.... this is actually very bullish
a second longer trend could see a down pressure to around 0.025 then extended bullish reversal. this is +-63 days long in the future
note worthy to be mentionned that a very strong ressistance is coming and it is the 50 week weigthed average (that is a very long time indeed! at 0.075 (still a 100% move from today))
obviously this all go out the window if fundamentals changes (for the better or worst) and a black swan show its face.
https://www.tradingview.com/x/qh4OrS9S/
so we now know (from the last financial) that there is downward pressure caused by financing and dillution (this is normal, until we can count on a constant revenue stream)
but how long will the price be pinned down and how low could the share price go? that is obviously impossible to predict. technical analysis seems to show two possible short term trend:
a first one lasting about +-28 days in the future and pretty much holding the price in a tight range.... this is actually very bullish
a second longer trend could see a down pressure to around 0.025 then extended bullish reversal. this is +-63 days long in the future
note worthy to be mentionned that a very strong ressistance is coming and it is the 50 week weigthed average (that is a very long time indeed! at 0.075 (still a 100% move from today))
obviously this all go out the window if fundamentals changes (for the better or worst) and a black swan show its face.
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