RE:RE:RE:Where’s the volume?Hi guys, so obviously volume is low and the price is dropping... That means less people buying and more selling because price is going down, but since the volume is low that's a good start and what you want in consolidation... Second positive in this is the fact that we are breaking supports everyday to lower price and we are not dumping... So this is consolidation on low volume, if you look at the weekly charts it's super healthy consolidation... Now I'm not saying we are out of the woods yet, we just need a change of trend on the 1h, 4h and Daily and we are back at it... I think if they can time a good news next week that will change momentum... In the meantime we just have to wait it out... Volume is SUPER LOW (I could make that volume double right now just with my shares just to give you an idea... They need to bring in new money...)
Cheers
TBM
jcuerrier1 wrote: thanks Haunsolo.
looking at technicals on 60 day chart, EMA10 ($2.97) is about to dip below EMA20 ($2.96) if the price doesn’t recover
this happened after October’s price increase and the prices dropped extensively until December end
hopefully that was more macro economic related rather than the doing of swing/short traders