Getting some crypto trade ideas is hard because there are 2 main parties.
The crypto "Diehards" who believes: the proper play is always long, nevertheless, the chart says the exact opposite. And the ones who hate it and say; it is a big scam, so short it! There are few people who share a truly objective idea.
I am not into crypto and I am also not aginst it, so: will try my best to stay as objective as I can.
We are currently in a support zone. In this case, there are always 3 possible outcomes.
> Support holds but the low volume also stays, then we might reach some higher levels such as 9295.28 ( most likely)
> Support breaks than might head to the next main support like 7896.18 (likely)
> The down-trend breaks than the price might climb significantly higher levels such as 10423.03 ( least likely)
Hope it was helpful for you:)
The crypto "Diehards" who believes: the proper play is always long, nevertheless, the chart says the exact opposite. And the ones who hate it and say; it is a big scam, so short it! There are few people who share a truly objective idea.
I am not into crypto and I am also not aginst it, so: will try my best to stay as objective as I can.
We are currently in a support zone. In this case, there are always 3 possible outcomes.
> Support holds but the low volume also stays, then we might reach some higher levels such as 9295.28 ( most likely)
> Support breaks than might head to the next main support like 7896.18 (likely)
> The down-trend breaks than the price might climb significantly higher levels such as 10423.03 ( least likely)
Hope it was helpful for you:)
Trade closed: target reached
