Simply it's going to repeat it's last 3 - 4 months behavior once more. Here is why?
1. SRSI : this indicator is in the daily oversold zone.
2. RSI (2): jumped up out of oversold area sharply that can be a notion of eagerness to buy even more.
3. William Alligator mouth is closed - seemingly a sell signal. Yet, a very strong support is there at 42K - meaning that sellers are not that strong at the moment to take it down any further.
4. Current prices can also be a consolidation phase I speculate. So, alts find a room for some more breath now.
Let's see. It is not a financial advice. Just for sharing ideas & learning purposes.
1. SRSI : this indicator is in the daily oversold zone.
2. RSI (2): jumped up out of oversold area sharply that can be a notion of eagerness to buy even more.
3. William Alligator mouth is closed - seemingly a sell signal. Yet, a very strong support is there at 42K - meaning that sellers are not that strong at the moment to take it down any further.
4. Current prices can also be a consolidation phase I speculate. So, alts find a room for some more breath now.
Let's see. It is not a financial advice. Just for sharing ideas & learning purposes.