I expect this to break down and reach the 24K area, should price break below that one we'll see again the 20K area. Right now we're ranging and it's waiting for some volume to move things.
However considering the bullish DIV in formation we could see a breakout until the 28K where I think we'll see a rejection.
Bottom line: good if you're doing DCA, I'm doing a "reasoned DCA" meaning I buy alts in certain period where I think it's convenient, however despite having bought a potential bottom it's likely we'll see new bottoms for altcoins.
Keep up!
However considering the bullish DIV in formation we could see a breakout until the 28K where I think we'll see a rejection.
Bottom line: good if you're doing DCA, I'm doing a "reasoned DCA" meaning I buy alts in certain period where I think it's convenient, however despite having bought a potential bottom it's likely we'll see new bottoms for altcoins.
Keep up!
Comment:
This swipe downwards leaves me thinking on the next move because I still have that OB as support but this price reasorbtion could fuel a pump