A hammer against 0.2500 ended the recent slide. A fairly large bullish belt hold candle was seen yesterday but the Bollinger Bands midline saw resistance.
The market is now giving away some gains; The low of the belt hold candle is now important (just above 0.2900). Support should be seen in the lower half of this candle, probably just above 0.3000. Bulls should try to defend that region. If they can do so, this coin may see some sideways action between the lower and upper 0.30's.
Such stability could end up seeing another attack toward the downward sloping line, connecting recent highs (around 0.3900). A break above there sees the first serious sign of momentum turning.
The market is now giving away some gains; The low of the belt hold candle is now important (just above 0.2900). Support should be seen in the lower half of this candle, probably just above 0.3000. Bulls should try to defend that region. If they can do so, this coin may see some sideways action between the lower and upper 0.30's.
Such stability could end up seeing another attack toward the downward sloping line, connecting recent highs (around 0.3900). A break above there sees the first serious sign of momentum turning.