Hi, Do you think 50 SMA (red line) will act as a strong resistance? Let me know your opinion in comments please.
I think it will and we will have a sell off, so we can sell @5OSMA and then buy back at a lower price which we need to wait and see where that would be?
Could this happen? as you see price always keep close to blue line( Forgot the name ;) ) so It might go that far down to stay close to his pal the blue line.
IT MIGHT this is very important word. this could affect other altcoins to move in same direction.
It might bounce back to 113.80 (200 MA @ 4hr CHART (resistance) ) and then resume downward after. As you can see @ daily chart it stopped at 38.2 % fib. I think I would just sit and wait for next few days.