Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Well it's gonna need to break out pretty soon - Momentum wise it's looking like a breakout downwards on longer time frames but hey, I wouldn't be surprised if Darkcoin just keeps on going.
Funny thing about TA is it can be read so many ways to me that looks like base building above support @ ~ .0165 and then starts a gradual ascent again lol.
Most important tool in TA, ie volume, is missing from your chart. Using volume and price action you can only read this one way: this is an uptrend and coins are being gobbled up at this new higher price range as soon as they become available by short-term traders and weak hands. Unfortunately for those doing the gobbling there are fewer and fewer coins available at this price point and very soon the weak hands will be gone at this price point at which point price must rise with volume to the next higher price range at which point we play this game all over again.
JL