Long position. Target 0.09
The price has reached the local minimum and has a strong support level. However, there are no signs of any long-term growth. The climb to its historical maximum will likely start after China enacts ICO-regulating legislation. Short-term prognosis: local growth to the nearest resistance level. This is confirmed by the support and resistance levels layout, Stocjhastic RSI being in the oversold area and proximity of the price to the Bollinger Bands bottom border
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.