Yawn. Crypto has been increasingly boring lately. The moves are lethargic, the news is hum drum and we aren't getting any action. Expect that we will move sideways for the next month. Maybe we move down and then up? or up and then down. i doubt we will be doing much of anything. if you are in the markets, hold fast and be prepared to hold for much longer. If you haven't entered, you can start laddering in and exercising patience as we move sideways.
Technically, we have MACD flat, which indicates more sideways movement and RSI oversold with a kind of divergence forming. These reasons and the lack of interest right now lead me to believe that we will go sideways. The best chance of a strong move back up will be when Constantinople gets released. That upgrade being delayed has really sent things into the doldrums which is unfortunate.
Happy trading and Hodling,
-Sherem
Technically, we have MACD flat, which indicates more sideways movement and RSI oversold with a kind of divergence forming. These reasons and the lack of interest right now lead me to believe that we will go sideways. The best chance of a strong move back up will be when Constantinople gets released. That upgrade being delayed has really sent things into the doldrums which is unfortunate.
Happy trading and Hodling,
-Sherem
Comment:
What do you know. right on point with moving sideways