Positive technical indicators:
Further confirmation points:
As with all crypto, volatile and rapid price swings are expected. If $16-18 range won't hold, I see a possibility of price dropping to $10, to confirm 200 EMA as support, before moving higher again.
- Above 50 (retested) + 200 EMA
- Golden cross formation
- Bullish flag pattern potentially developing
Further confirmation points:
- Increased trading volume
- Price holding support above $16
As with all crypto, volatile and rapid price swings are expected. If $16-18 range won't hold, I see a possibility of price dropping to $10, to confirm 200 EMA as support, before moving higher again.
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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.