This is a useful project with a development team that seems to be very highly regarded in the crypto sphere.
Broke through to a new all time high trading price a couple days ago moments before BTC took a bit of a nosedive, dragging most of crypto down with it.
MACD looks bullish to me on multiple timeframes, and there's a hidden bullish divergence on the daily chart.
So, assuming Bitcoin cooperates this time (which might be a tall order) I expect price to head upward through resistance and either test the ascending trendline before moving up further, or re-testing it afterward.
As a relative newbie to all of this I only trade spot so I'm comfortable hodling this one if the price breaks down from resistance, but I'm hoping we'll see at least 50% gains in the next 7-10 days if all goes well. BTC pair also looks very promising.
Not financial advice, thanks for reading. Please let me know what you think and/or how I might improve my analysis :)
Broke through to a new all time high trading price a couple days ago moments before BTC took a bit of a nosedive, dragging most of crypto down with it.
MACD looks bullish to me on multiple timeframes, and there's a hidden bullish divergence on the daily chart.
So, assuming Bitcoin cooperates this time (which might be a tall order) I expect price to head upward through resistance and either test the ascending trendline before moving up further, or re-testing it afterward.
As a relative newbie to all of this I only trade spot so I'm comfortable hodling this one if the price breaks down from resistance, but I'm hoping we'll see at least 50% gains in the next 7-10 days if all goes well. BTC pair also looks very promising.
Not financial advice, thanks for reading. Please let me know what you think and/or how I might improve my analysis :)
Rest of the post still stands. MACD on multiple timeframes is very bullish. We are going up, baby!