I am a newbie in the Crypto world and still many facts are sneaking around. Even though, if we take the old but "gold" technical analysis under consideration, the intersection of the two resistance lines should be too strong for the price to fall and to result in a positive breakout. The RSI is kind of down and sleepy, say not very promising. The Fib Retracement will contribute somehow to the chart but additional perplexity is undesirable in the otherwise intricate and new market.
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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.