Critical Resistance: $0.2458
Key Resistance: $0.2301
Key Support: $0.1943
Critical Support: $0.1802
Price tested the 61.8% Fibonacci critical resistance level a couple of weeks ago. This line became a key area of selling interest and now becomes critical resistance moving forward.
The red 50-day exponential moving average is now our key resistance level to watch for a possible breakout to the upside. But, without hardly any momentum whatsoever, the price should continue to trade lower into the highlighted triangle pattern.
The Average Directional Index (ADX) line has fallen out of bed to signal a weak trend, and the two directional index lines are tangling up to give no clear signal for a bull or bear trend. Consolidation should remain this week.
More info at CryptoMarket360!
Key Resistance: $0.2301
Key Support: $0.1943
Critical Support: $0.1802
Price tested the 61.8% Fibonacci critical resistance level a couple of weeks ago. This line became a key area of selling interest and now becomes critical resistance moving forward.
The red 50-day exponential moving average is now our key resistance level to watch for a possible breakout to the upside. But, without hardly any momentum whatsoever, the price should continue to trade lower into the highlighted triangle pattern.
The Average Directional Index (ADX) line has fallen out of bed to signal a weak trend, and the two directional index lines are tangling up to give no clear signal for a bull or bear trend. Consolidation should remain this week.
More info at CryptoMarket360!