Technical Analysis and Outlook:
The prices of cryptocurrencies have rebounded strongly in this week's trading session, completing the next Inner Coin Rally at 82,700 and retracing to the Mean Support level of 79,500.
Currently, the cryptocurrency is positioned to decline to the Mean Support level of 78,100, with the possibility of extending to the Mean Support at 75,800.
There is also the potential for sustained upward momentum to retest the Mean Resistance level of 81,500, followed by a retest of the completed Inner Coin Rally at 82,700.
The prices of cryptocurrencies have rebounded strongly in this week's trading session, completing the next Inner Coin Rally at 82,700 and retracing to the Mean Support level of 79,500.
Currently, the cryptocurrency is positioned to decline to the Mean Support level of 78,100, with the possibility of extending to the Mean Support at 75,800.
There is also the potential for sustained upward momentum to retest the Mean Resistance level of 81,500, followed by a retest of the completed Inner Coin Rally at 82,700.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.