Greetings everyone! Hope you're enjoying your Thursday so far!
Looking at the charts I'm seeing a possibility for us to revisit the area around 50-60, but we'll need to confirm this by breaking the resistance around 42. If we do fall I wouldn't expect a large drop, but I'd say it's going to follow whatever BTC does at this point so keep a stop-loss just in case. I've also showed the maximum it should drop on the previous support channel, and I think it should stay above that due to high volume around this price range frequently. Keep your eyes peeled this could be a quick pump. I did notice though that the RSI is already at 51 which is quite a jump also a sign I think because at the start of each bullrun is a spike like this. Good luck traders!
Looking at the charts I'm seeing a possibility for us to revisit the area around 50-60, but we'll need to confirm this by breaking the resistance around 42. If we do fall I wouldn't expect a large drop, but I'd say it's going to follow whatever BTC does at this point so keep a stop-loss just in case. I've also showed the maximum it should drop on the previous support channel, and I think it should stay above that due to high volume around this price range frequently. Keep your eyes peeled this could be a quick pump. I did notice though that the RSI is already at 51 which is quite a jump also a sign I think because at the start of each bullrun is a spike like this. Good luck traders!
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Everything going correctly so far. :D Good luck out there guys!
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Well I possibly stand corrected. Sorry folks..