PLEX market analysis
PLEXes are often a major topic on Market Discussions. Their seemingly endless rise attracts all sorts of opinions and speculation.
What Price is Doing (WPD)
Price is still running above a massively strong trend line started back in 2011.
The day it’ll get broken downwards, we’ll see fireworks. And tears, many, many tears.
But as of now price is rising and heading towards the all time high of October / November 2012. If / when it’ll get to the high of that bar, that is up to 663M, then we’ll see fireworks as well. Price tends to strongly react at those critical places. I am not saying it’ll go up or down but that it’ll do it with great momentum, so keep on your toes!