One 4-hour candle traded 1.2 billion $T . The ten before it averaged under 6 million.
I'm reading that as the story: Threshold sat near $0.0046 for days, then one candle ripped to $0.00791 on volume more than 200 times the norm, and the follow-through closed above $0.0064. It now trades near $0.0068, up about 47% in 24 hours on $11.3 million of spot volume.
Threshold is the network behind threshold-cryptography tooling for dApps, the Keep–NuCypher merger coin — so this isn't a launch chasing a narrative. But I found no verified announcement behind the spike, and a one-candle move is the easiest kind to give back.
Support: $0.00588, the follow-through candle's low.
Resistance: $0.00791, the spike high.
A 4-hour close under $0.00588 re-opens the $0.0046 base; a reclaim of $0.00791 puts the spike back in play.
Your invalidation line — $0.00588, or lower?
Not financial advice.
$T #CryptoMarkets #Threshold #Volume #CryptoTrading
I'm reading that as the story: Threshold sat near $0.0046 for days, then one candle ripped to $0.00791 on volume more than 200 times the norm, and the follow-through closed above $0.0064. It now trades near $0.0068, up about 47% in 24 hours on $11.3 million of spot volume.
Threshold is the network behind threshold-cryptography tooling for dApps, the Keep–NuCypher merger coin — so this isn't a launch chasing a narrative. But I found no verified announcement behind the spike, and a one-candle move is the easiest kind to give back.
Support: $0.00588, the follow-through candle's low.
Resistance: $0.00791, the spike high.
A 4-hour close under $0.00588 re-opens the $0.0046 base; a reclaim of $0.00791 puts the spike back in play.
Your invalidation line — $0.00588, or lower?
Not financial advice.
$T #CryptoMarkets #Threshold #Volume #CryptoTrading