This analysis was shared yesterday alongside with other coins which played out perfectly. Price broke out from the support line tested the major 2h demand zone where it got heavily rejected and is currently back above the support at around $0.253. MACD is showing bearish weakness but RSI is sold and price is below EMA ribbon. Mixed indications, there is still uncertainty in the market but we are always searching for good opportunities. We are still waiting for more confirmations in order to determine future movements.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.