I’m not very familiar with this coin and his fundamentals so I will keep it technical.
The price is now venturing above the last swing high. Both Stochastic and RSI are indicating an upward momentum.
The price is now testing the 200-day EMA. If it breaks, the respiration can be felt till the last known resistance line (2.049$). After a tight consolidation, volumes are once again increasing which is bullish. If we remain above the new support ( 1.055$) I remain bullish. Enjoy alt season while it last, but in the long run this huge down wick is a problem and may indicate further downside in the future. As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_
Disclaimer: This is not financial advice as I’m not a financial adviser. This is just my knowledge on what can be said from the chart. Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis. Everyone is wise to manage their risk properly when considering any trading decision or activities.
Trade attivo
a profit can be made vs BTC today it's nice. let see how high it can go.
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