A chart showing common supports and resistances according to both price action and fibonacci. The current evaluation for the coin itself is Neutral-Bearish as it Consolidates in a particular range near the oversold region. This "may" also be an accumulation phase for a greater upside, but since the coin is tied to purely sentiment and no technical applications aside from value, it "can" be a stable coin, doesn't mean it is!
Note
Due to the positive news of FED today, the move to the upside is more likely now than approaching the 0.14$ range however the resistance near the 0.30$ is still a major resistance until proven otherwise. Happy Longs Everyone!
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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.
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.