Implications and Outlook
1. As selling money strain is continuously control the crypto currency market, and only a hand full of the top cryptos show stableness, the bullish marketplace is nevertheless indeed at an increased risk. Many of the majors' coins are currently trading higher than the weekend lows levels, while granddaddy Bitcoin held the mini Coin Dip support at $5930, the snapback coin really was lacking bullish traction.
2. Coin sentiment is continually confirming the value of the long-term Coin Dip flagged at $2860; however, price action has created the value of the intermediate-term Mean Resistance at $6220, which will be revisited in the interim, with Key Resistance looming above at $6765.
3. The violation of mini Coin Dip price $5930 will undoubtedly bring serious of the intermediate to short-term bearish implications, having downside targets to Yearly Low of $5777 and Key Support $5525.
4. Current Coin Strategy Bias: Bullish 60 / Bearish 40
1. As selling money strain is continuously control the crypto currency market, and only a hand full of the top cryptos show stableness, the bullish marketplace is nevertheless indeed at an increased risk. Many of the majors' coins are currently trading higher than the weekend lows levels, while granddaddy Bitcoin held the mini Coin Dip support at $5930, the snapback coin really was lacking bullish traction.
2. Coin sentiment is continually confirming the value of the long-term Coin Dip flagged at $2860; however, price action has created the value of the intermediate-term Mean Resistance at $6220, which will be revisited in the interim, with Key Resistance looming above at $6765.
3. The violation of mini Coin Dip price $5930 will undoubtedly bring serious of the intermediate to short-term bearish implications, having downside targets to Yearly Low of $5777 and Key Support $5525.
4. Current Coin Strategy Bias: Bullish 60 / Bearish 40