The over all trend is holding for now. Expecting the price to bump up atleast once more before more futuristic "predictions" can be made. Its holding the lower support AND trendline as you can see (I have opened a 4 hour chart as well so its easier visible.
Have looked at the 9,9-10 usd mark quite actively the past days. Very strong support line at this area. Volume is diminishing with the current short term downtrend.
Very high potential of a much stronger uptrend at the moment. High reward/risk ratio. BUY!
We are in a grey zone at the moment. Looking at the most basic fundamentals of technical analysis and checking both the weekly as well as daily charts to make comparisons, we find ourselves in a bit of a grey area right now.
Simply look at the volume and momentum. It can go either way. Stay attentive, check the support/resistance and be ready to see what happens...
I have drawn the support/resistance lines which will be the most important for the current trend. Predicting a strong uptrend on this crypto based on both the underlying idea as well as the technical analysis.
