Recent sentiment has been bullish for Ethereum, but there has been a great increase over the past weeks and right now it is very volatile to confirm if this can continue with the rally or generate a correction.
My suggestion would be to wait until the blue channel is broken. My long-term forecast is bullish but we would need to wait for a correction in case blue...
Breaking down the diagonal line means it could retest support at around 10,000. A break into 10k, means that it has confirmed to have broken last LINK bull run and price could quickly decrease even more.
1st Level: 12500
2nd Level: 13250
3rd Level: 15800
Above 15800, Link will continue to follow its bull run.
Bitcoin has several Support points between 5000 and 6500. It has gained more adoption than its previous bubble ( 2013) and we can fundamentally say blockchain has future, it is just a matter of time to say when cryptocurrencies will recover from this crash caused by euphoria (similar to Dot Com Bubble).
The interesting point to discuss is to predict if bitcoin...
In these types of coins, where speculation seems to be a force in driving the price up from a crypto-hype, this coin can gain confidence and going up from here. Just be CAREFUL, because if breaking the support line, it can be history and seen as a pump and dump coin.
The problem with this coin is that it was added 8 days ago and it already has more than 500 million market capital. If you look at the market depht it has strong orders which it's difficult for a new coin to go up since not many big-pocket investors trust about it. It hasn't offered a convincing edge for having such a high amount of Market Capitalization . So it's...