Updating my previous chart (linked below), this coin has a local support zone highlighted in the green zone. It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now. It is not showing any strength, and I am assuming the trend will continue down, where a lot of buy orders are waiting in the green zone.
In the buy zone, I will upload another analysis to see if it's time to buy or not.
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We are in the middle of the buy zone, upon break we will open a long
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Let's turn that green zone as support now as BTC falls down. Good sign