Market needs more days to find stability.
Currently there is not enough volume to push the price substantially up, although it looks that there are signs of optimism, based price not falling down and jumping high after 1h of good buyers volume.
We could be finding another bottom at 43k level or a move up to 52k level and another dump, but it's unlikely that the price will come back to 58k level in the next week. Ranging market for at least another week.
The best trades seems to be daytrade scalping thanks to currently high volatility on other coins.
Currently there is not enough volume to push the price substantially up, although it looks that there are signs of optimism, based price not falling down and jumping high after 1h of good buyers volume.
We could be finding another bottom at 43k level or a move up to 52k level and another dump, but it's unlikely that the price will come back to 58k level in the next week. Ranging market for at least another week.
The best trades seems to be daytrade scalping thanks to currently high volatility on other coins.
Trade closed: target reached
confirmed after a week the analysis was correct.
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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.