Looking at the daily interval, RSI is close to 50 which usually is a good indicator for a bullish trend, however, price still needs to test the P(ivot) line for a bullish trend.
Volume is still low for trading, though more people are currently accumulating Altcoins and Bitcoin. With this fact however we might see new highs, though there is still heavy resistance in the 270-290 range.
If this breaks, the bulls might be back.
Volume is still low for trading, though more people are currently accumulating Altcoins and Bitcoin. With this fact however we might see new highs, though there is still heavy resistance in the 270-290 range.
If this breaks, the bulls might be back.
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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.