This one of the lowest point for this bird. It seems that every time it wants to break resistance it loses support and go lower on some point. Now it seems that is can form some support (on lower timeframes you could see better) and that is bullish sign.
In bullish scenario it would be good to see resistance broken and that it becomes new support. For that scenario it would be better to see some more volume on OBV chart. Also RSI chart doesn't look very bullish and it could be easly rejected from red line on 50.00 and that could affect the price.
In bearish scenraio we will test support on 177 and that is nice place for buy zone (between 177-183 sat) , but it is better to wait for that and also follow chart on smaller timeframes to get good entry trigger.
As always trading with altcoins is very risky because it depends a lot on BTC and BTC dominance.
In bullish scenario it would be good to see resistance broken and that it becomes new support. For that scenario it would be better to see some more volume on OBV chart. Also RSI chart doesn't look very bullish and it could be easly rejected from red line on 50.00 and that could affect the price.
In bearish scenraio we will test support on 177 and that is nice place for buy zone (between 177-183 sat) , but it is better to wait for that and also follow chart on smaller timeframes to get good entry trigger.
As always trading with altcoins is very risky because it depends a lot on BTC and BTC dominance.