First of all we identify supports and resistances, which are easy to notice.
If we realize that it has had a drop of a 60%-70% correction that could extend or start a bullish rally, the risk of entering now is not so high
We can also notice a small bullish rally which did not have too much force but pushed the price up from 79% from the lowest minimum which is 1.25 to 2.25
The area of greatest demand is at this point
We can also notice that they are pulling the price below the 20 day moving average which could mean that this would be quite bad for a bullish to the strongest support at 1.2. This is really complicated or we could test the SMA50 (50-day moving average) in purple, in case they do not master it.
There is currently no volume to indicate the strength of a bullish rally.
The RSI indicates that the bulls are trying to lift the price above the 20-day moving average again which could indicate a new rally.
Although the MACD indicates a loss of strength.
In pair btc sounds like a bearish to touch support and give an attempt to bounce to the upside.
Personally, I will expect to enter below support 1. Or I could even expect to enter -23.5%, there is no volume and the indicators are not positive, it all depends on the activity that occurs in the orders and mitigations blocks to be able to determine a point of income, personally I will follow the objective but I do not have an exact idea where to recommend entering, although if the bulls manage to raise the price above the EMA20 it could determine that the bears are losing strength
If we realize that it has had a drop of a 60%-70% correction that could extend or start a bullish rally, the risk of entering now is not so high
We can also notice a small bullish rally which did not have too much force but pushed the price up from 79% from the lowest minimum which is 1.25 to 2.25
The area of greatest demand is at this point
We can also notice that they are pulling the price below the 20 day moving average which could mean that this would be quite bad for a bullish to the strongest support at 1.2. This is really complicated or we could test the SMA50 (50-day moving average) in purple, in case they do not master it.
There is currently no volume to indicate the strength of a bullish rally.
The RSI indicates that the bulls are trying to lift the price above the 20-day moving average again which could indicate a new rally.
Although the MACD indicates a loss of strength.
In pair btc sounds like a bearish to touch support and give an attempt to bounce to the upside.
Personally, I will expect to enter below support 1. Or I could even expect to enter -23.5%, there is no volume and the indicators are not positive, it all depends on the activity that occurs in the orders and mitigations blocks to be able to determine a point of income, personally I will follow the objective but I do not have an exact idea where to recommend entering, although if the bulls manage to raise the price above the EMA20 it could determine that the bears are losing strength